When credit unions celebrate milestone anniversaries, savvy consumers often discover their best opportunity to secure truly amazing savings rates that far exceed anything available from traditional banks.
These special anniversary promotions, like the recent 90th anniversary celebrations at NuVision Federal Credit Union, Westerra Credit Union, and AUR Group Credit Union, typically feature limited-time certificate of deposit (CD) rates that can reach extraordinary levels—sometimes offering APYs that are double or even triple the national average.
Credit unions, as member-owned financial cooperatives, use these landmark occasions to give back to their communities by offering promotional rates that would be unthinkable at profit-driven banks.
3 Credit Unions with Amazing Savings Rates
1. AURGROUP FINANCIAL CREDIT UNION
9.0% APY Certificate Special: In celebration of Aurgroup Financial Credit Union's 90th anniversary, members can earn 9.0% APY on a 90-day Certificate of Deposit (CD). This special CD is available for a minimum of $500 and a maximum of $10,000.
9.00% APY Certificate of Deposit: Westerra Credit Union is offering members an opportunity to maximize their savings by opening a 5-month Certificate of Deposit (CD) at 9.00% APY and 8.648% dividend rate*. Members can open this CD with a minimum deposit of $500, up to a maximum of $3,000. The term is set at 5 months.
5.50% APY Certificate: To celebrate 90 years of serving its members, Nuvision Credit Union is offering limited-time 9-month certificate rate that earns 5.50% APY on balances up to $5,000.
» Find out how much your money will grow over time with our APY Calculator
For consumers seeking amazing savings growth on their deposits, timing your investment with a credit union's anniversary celebration can be a game-changing strategy that transforms modest savings into substantial returns over the certificate's term.
These anniversary offers are typically available for just a few months and often come with higher minimum deposits, making them perfect for savers who have been waiting for the right moment to maximize their money's earning potential.
These Amazing Savings are NCUA-Insured
As long as you don't exceed the NCUA insurance limit of $250,000 per depositor, you can rest easy knowing that with a Savings Account or CD Account, the principal amount you put in is protected. Plus, a savings account isn't invested, so you can get your money any time without long-term commitment.
Why online banks offer the best savings accounts
Large banks have the added costs of branch networks, paying for employees, building leases, and maintenance. Online banks and nonbank providers are able to offer more favorable returns than brick-and-mortar banks because overhead costs are much less expensive.
5 Painless Ways to Stash your Money
There are many demands on your money between the high cost of gas and groceries, there's no wonder it can feel easier to spend money than save it.
Take the pain out of saving money with these five tips:
1. Save smaller amounts more frequently.
Win the savings game by stashing away smaller, more frequent contributions. Having an online savings account makes it simple to make deposits daily, weekly, monthly or quarterly. For example:
- If you want to quickly save $500, put away $125 each week.
- Want to hit an annual savings goal of $1,500, put away $125 per month.
2. Sell your clutter for extra cash.
Take an inventory of everything you have in your home and gather all the things you no longer need. Online marketplaces and social media platforms make it easy to sell a variety of items you no longer need or never used.
Decluttr is a platform that focuses on electronics such as computers, CDs etc.
Poshmark is one of the most popular social media marketplaces to buy, sell, and list clothing and other lifestyle accessories.
Swappa lets you turn your tech into cash where you can sell iPhones, Samsung Galaxy and Google pixel phones, laptops, cameras, and more.
Ruby Lane is a newer online marketplace for vintage, collectibles, and antiques like art, dolls, and jewelry.
Letgo is a marketplace where you can buy and sell items in your area just by posting a picture and a price. Those items could be furniture, appliances…you name it. It's like an online second-hand store.
OfferUp has multiple categories of items you can list, I just saw a 2018 Jeep for sale. OfferUp is a marketplace where communities can sell to people and households nearby.
3. Use Amazon Secret Coupons.
Amazon is responsible for $469 billion in annual revenue for 2021, a 21.7% increase from 2020 according to Macrotrends. Each month more than 197 million people around the world use Amazon.
But did you know Amazon.com has a secret coupons page? Get discounts on things like tools, pet supplies, electronics, and fashion. You can “clip” (aka “click”) the coupons of your choice, and the items are added to your cart for purchase — the discount is applied when you checkout.
Amazon's secret coupon page is filled with major deals in almost every category, every day.
4. Take the no-spend challenge for an easy way to save money
Creating a budget and sticking to it is often easier said than done. While a budget forces you to intentional about saving and spending, simply choosing not to spend money may be easier.
A no-spend challenge means eliminating discretionary spending altogether and may help you gain an appreciation for saving and balancing your needs with your wants.
Start small by skipping any nonessential expenses for a day to include as many – or as few – categories as you want. You can cut all non-discretionary or non-essential purchases or just specific categories like clothes or take-out.
The no-spend challenge can last a week, month, or full year. You can still spend money on essential expenses like rent and groceries but the challenge can help you decipher whether you're buying due to an emotional need or want. It might seem difficult at first, but once you start making changes, you'll see how much easier it becomes.
5. Find free stuff online.
Before opening your wallet consider there are plenty of free options out there. Sites like Freecycle and Craigslist allow people to post free items they no longer want or need. Free stuff has got to be the easiest way to save money.
