A Guide to INOVA Federal's Share Certificates
Certificates are powerful tools for growing your savings while maintaining a secure and predictable investment. At INOVA, we offer a range of certificate options to cater to the diverse financial goals of our members. In this article, we'll explore the various types of certificates available, each designed to provide a unique advantage in achieving financial success.
1. Share Certificates:
Share Certificates, also known as Certificate of Deposits (CDs), are a straightforward and low-risk way to grow your savings. They come with fixed interest rates and terms ranging from a few months to several years. Share Certificates require a commitment for the specified term, offering higher interest rates than regular savings accounts.
2. Step-Up Certificates:
Experience the benefits of earning more over time with our innovative Step-Up Certificates. These certificates offer a unique advantage by allowing you to take advantage of potential interest rate increases during the term of your investment. If interest rates go up, so can the rate on your Step-Up Certificate, ensuring that you maximize your returns.
This flexible option is ideal for members who want to secure a competitive starting rate while having the opportunity to benefit from future rate increases. Step-Up Certificates empower you to stay ahead in a changing financial landscape, providing a dynamic and rewarding savings strategy.
Benefits of INOVA Federal Certificates:
- Competitive Rates: Our certificates come with competitive interest rates, ensuring that your money works harder for you.
- Flexible Terms: Whether you prefer short-term or long-term investments, our certificates offer a variety of terms to align with your financial objectives.
- Secure Investments: INOVA Federal's certificates are backed by not only the stability and security of the credit union, but also Federally insured by the National Credit Union Administration, providing you with peace of mind.
- Diverse Options: From standard Share Certificates to Step-Up Certificates, we offer a diverse range to meet the unique needs of our members.
How to Get Started:
1. Explore Options:
Visit our website to explore the different certificate options and understand their features.
https://www.inovafederal.org/services-tools/tools/rates/deposit-rates/certificate-rates.html
2. Calculate Potential Earnings:
Use our online financial calculators to estimate potential earnings based on your preferred certificate type, term, and deposit amount.
https://www.inovafederal.org/calculator/certificates-of-deposit.html
3. Contact Us:
Reach out to our knowledgeable staff for personalized assistance and guidance in selecting the certificate that aligns with your financial goals.
Your financial future is Aways within reach™.