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?

Read Morearrow-right

How to Avoid Overdraft Fees: Ways to Protect Your Account

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.

Read Morearrow-right

iQ Launches New Educational Banking App

CashCamp Provides Uncommon Service in Credit Union Industry 

Read Morearrow-right

iQ Credit Union Recognized by Forbes as No. 1 Credit Union in Washington

Inclusion in 2022 “America’s Best Credit Unions in Each State” Based on Criteria Focused on Customer Satisfaction.

Read Morearrow-right

iQ Credit Union Launches Three-Year Grant Program for Local Nonprofits, Names First Recipients

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 CenterAssistance 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.

Read Morearrow-right

iQ Credit Union’s Commitment to Inclusion and Belonging Recognized with Excellence Award

The credit union received an Excellence in HR & Organizational Development award from the Credit Union National Association HR Council 

Read Morearrow-right

How to Harness the Power of Your Checking Account

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.

Read Morearrow-right

Children's Financial Literacy 101: How to Teach Your Kids About Money

People are generally uncomfortable talking about money, especially with their families. But children’s financial literacy is critical. These lessons will help prepare your kids for adulthood and living on their own, especially since schools rarely teach these valuable skills. 

Read Morearrow-right

The Relationship Between Asset Allocation and Investment Time Horizon

Whether you are saving for a car, a new home, or are planning for retirement, it’s important to understand how to create a balanced strategy to build your savings. Investments are the best way to get your money to grow over time, but you still need to have an investment time horizon to establish goals for the return on your money.

Read Morearrow-right

Subscribe Here!