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If I could predict the stock market, I’d be writing this article on a gold-plated computer.

If you could predict the stock market, you’d be reading this on a gold-plated computer.

In the last 30 days, the Dow has dropped by more than 700 points or roughly 4%. However, If I wrote this in July, your investments would have increased by roughly 5% over 12-months.

Forrest Gump would have called the market a box of chocolates. “You never know what you’re gonna get.”

Certificates are different. You know, on the day you open the certificate, what it will be worth when it matures. Today, for example, we have a certificate special paying 1.6% APY on a 35-month term*. There are no huge gains or losses, just slow and steady like the tortoise racing the hare.

Stocks and certificates are like tools in your shed, each has a different job. It all comes down to your goals, the timeframe and your comfort for risk.

In general, when we talk about long term goals like retirement for someone in their 20’s or 30’s, savers may be better served by investing in stocks.

On the other hand, if your goal is shorter term, like saving for a home or college in the next few years, you may want to consider certificates.

There is a lot to consider. We’re here to help. Stop by the credit union and tell us your aspirations and timeframe and we will help set you on a path to achieve your financial goals.


*APY=Annual Percentage Yield. New money only. To earn special rate, account requires checking account, debit card, e-statement and direct deposit of $800 or more and must be in good standing as of the end of each month. $7,000 minimum deposit. A penalty may be imposed for early withdrawal. Certificate does not qualify for our Bump Up program. Rates subject to change.