Smart Finance Strategies Using New Bedford Banking Solutions

New Bedford Credit Union Financial StrategiesWhen it comes to managing your money, the average person does not have a lot of knowledge about how to get the best interest rates in New Bedford for auto or home loans. They also don’t have a lot of experience working with investment savings programs, such as money market accounts or a certificate of deposit in New Bedford. St Anne Credit Union offers a wide range of strategic New Bedford banking solutions that you can use to your advantage. When you become a member of our financial organization, you gain access to resources, savings opportunities, and other tools that will help you to better manage your money today and even grow it for the future.

Main Share Account

When you join St Anne Credit Union, this is the first account that you will open. Members begin their relationship with our credit union in New Bedford by opening a regular savings account. The minimum required to open a Main Share Account is just $25. This is what establishes your membership and provides you the opportunity to open other types of savings accounts, checking accounts, obtain a loan, or use our credit union online banking services.

Share Draft Checking

Similar to other types of New Bedford banking solutions that you have likely used at traditional financial organizations, our Share Draft Checking requires no minimum amount, and there is no monthly service charge. The day you open your account as a member, you are provided a “starter kit” that will help you learn all about the features, tools, resources, and opportunities available with your new checking account. You can even sign-up to receive your monthly statements for free online or choose to get paper statements for a $5 monthly fee.

Certificate of Deposit

One of the best ways to grow your money safely and securely is to open a certificate of deposit in New Bedford at St Anne Credit Union. A minimum balance of $1,000 is required to open a CD account, with terms ranging from six months to five years, depending on your needs. Our members can choose to either receive the interest that is earned monthly by check or simply leave it in the account so the interest can grow and be compounded every month. You will find that interest rates in New Bedford for a CD account are much higher at our credit union than other traditional banking institutions. Contact one of our representatives for detailed information about current market rates.

Money Market Deposit

This type of account is a variable rate account. Members of St Anne Credit Union are required to deposit a minimum of $2,500 for this type of savings account. The only penalty for dropping below the $2,500 minimum is that your interest rates in New Bedford would fall to the same rate as our Main Share account. To learn more about money market deposit accounts and certificate of deposit in New Bedford, contact our team or stop by our branch location on Union Street to learn more.

IRA Share Account

Saving for retirement is a lot easier when you work with our trusted team of representatives to create your own custom New Bedford banking solutions for IRA Share accounts. IRA stands for “Individual Retirement Account,” and this type of savings plan is government sponsored for the purpose of retirement. An IRA Share account offers tax incentives and requires a minimum balance of $500 to get started. Saving for your retirement is a great way to start putting your money to work today for your future.

Christmas Club Account

Shopping for the holidays can put a drain on your checking, savings, and credit card accounts. Plan for holiday spending with our Christmas Club Account opportunity. The minimum amount to open a Christmas Club Account is just $1, and you can use the same passbook year after year with our continuous savings program. Interest rates in New Bedford for this type of holiday savings account are competitive, providing members with an automatic funds transfer to their Main Share account during the first week of October. This helps you to take advantage of annual sales and deals without maxing out your credit cards or draining your checking and regular savings accounts.

Online Banking

Credit union online banking allows you to monitor your accounts, transfer funds, check on deposits and manage your finances in a whole new way. Whether you want to check on your checking account, savings, or certificate of deposit in New Bedford, credit union online banking can help. Monitor local interest rates in New Bedford or learn more about other types of opportunities that can help you to grow your money.

If you are interested in joining St Anne Credit Union, give us a call at 508-993-0011. We can answer any questions you might have about our New Bedford banking solutions and help you become a member of our organization.