50% Liquidity and flexibility Medium-term (1-2 years) 4. The length of the term, typically ranging from a few months to several years, directly influences the percentage you earn.
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The Benefits of Choosing a Credit Union One of the primary advantages of dealing with a credit union is the focus on member value rather than shareholder profit. This involves dividing your capital into portions and investing them in certificates with varying maturity dates.
Once approved, you will select the desired term and fund the deposit. It is important to note that these funds are generally inaccessible for the duration of the term without incurring a penalty fee.
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Generally, the longer the duration you commit to keeping your money intact, the higher the return you can expect to see reflected in your statement. Conversely, during periods of economic stabilization, the rates might adjust to reflect the lower risk environment.
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