How Do You Include Certificates of Deposit in Your Savings Plan?

 

Most people think having a savings plan is putting money aside for an emergency or a rainy day. Having an effective savings strategy is more complicated than that. You should use different saving vehicles to protect your money and earn maximum returns, including certificates of deposit (CDs). It pays to have a diversified savings plan.

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iQ Credit Union Announces the Opening of its Third Oregon Branch in Happy Valley

VANCOUVER, Wash., November 7, 2022 — iQ Credit Union (iQ), a member-owned, modern-day financial institution based in the Pacific Northwest, has opened its third Oregon branch in Happy Valley. Our new location is located in the Crossroads East shopping center, 13220 SE 172nd Avenue, Suite 168. 

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Is a Savings Account Worth It? A Beginner’s Guide to Savings

Everyone should learn how to start saving their money at an early age. They also need to understand the right way to save. There are many types of savings tools and financial products that can help your money grow. Most people start with an old-fashioned savings account. However, with the variety of interest-bearing accounts and investments available, is a savings account worth it?

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iQ Credit Union Announces the Success of Its Inaugural iQ Cares Week

Fundraiser exceeded its goal, raising $12,000 to serve the children of Southwest Washington and Oregon through the iQ for Kids Foundation.

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How to Diversify Your Money: Pros and Cons of Different Strategies

Saving money is a skill we learn early in life. Children start saving with a piggy bank and then graduate to a savings account, which helps teach them about compound interest. Many people still think of basic savings when putting money away. But as you get older, you want to get a larger return for your savings, so it pays to learn how to diversify your money. There are different types of savings accounts, and each has both advantages and disadvantages.

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5 Ways to Improve Your Financial Wellness

Your physical wellness is how you feel at any given moment. Financial wellness is similar but reflects your concerns about your finances. Having enough money to pay your household expenses and plan for the future is one of the biggest worries for many families. Developing a healthy relationship with money is a positive step toward financial wellness, and it reduces the stress that impacts your physical well-being.

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iQ Credit Union Ranked as a Top Place To Work

iQ has been recognized by the Oregonian as one of the top places to work in 2022.

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How to Build a Savings Account in 8 Easy Steps

We all want to save money and pad our bank accounts for retirement. Unfortunately, it’s easy for savings to vanish long before retirement if you don’t have a sound financial strategy. Everything from unexpected emergencies or downturns in the economy to sudden job changes or surprise expenses can dry up savings. However, there are ways to boost your savings today, whether you’re starting from scratch or you simply want to jump-start your savings plan. 

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New iQ Credit Union Microlending Program Provides Convenience and Speed of Service

iQ’s Digital Tools Allow Members To Apply for Loans Online

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How Do Certificates of Deposit Work, and What Are the Benefits of Getting One?

There are many ways to put your money to work. You want to find a secure place to save your money that will yield maximum returns. While most depositors use savings accounts to stash their cash, putting your money in a certificate of deposit (CD) gives a higher return in exchange for locking their money away. Savers want a financial strategy that yields maximum return with minimum risk. That’s why more savers are purchasing CDs (also called “share certificates” at credit unions). 

Read on to learn what CDs are and get answers to questions such as how do certificates of deposit work, and what are their advantages?

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