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.
iQ’s Digital Tools Allow Members To Apply for Loans Online
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?
No matter how skilled you are at budgeting, everyone runs short of money from time to time. Part of budgeting is ensuring you have enough cash in your checking account to pay bills when they are due. If you run short of money, or a deposit is late and your checks are returned, you could be saddled with fees for insufficient funds, returned checks, and late payments. When money is tight, you must consider how to avoid overdraft fees.
Inclusion in 2022 “America’s Best Credit Unions in Each State” Based on Criteria Focused on Customer Satisfaction.
Awards of $1,500 Per Year Support Multiyear Planning Efforts
iQ Credit Union has announced the inaugural recipients of its iQ for Kids three-year grants: Rocksolid Community Teen Center, Assistance League Southwest Washington and YWCA Clark County. The iQ for Kids Foundation has supported not-for-profit organizations that directly impact kids' lives in Southwest Washington and Oregon since the early 1990s, but this is the first time iQ has awarded multiyear grants.
The grant recipients are all local organizations that iQ for Kids has supported for years. The multiyear program is designed to provide additional financial stability while reducing organizations' need to spend time reapplying for donations.
The credit union received an Excellence in HR & Organizational Development award from the Credit Union National Association HR Council
There are so many new ways to pay for goods and services, but your checking account remains the foundation of personal finances. Consumers are getting more from their checking accounts than ever before. Online bill pay and electronic transactions make it easier to do remote banking online. Rather than writing a check, people are using their debit cards or smartphones for transactions. However, everything links back to your checking account.