All the Ways You Can Save with UCCU
When it comes to building wealth and managing your money effectively, Utah Community Credit Union offers numerous savings opportunities. Whether you’re looking to save for a rainy day, your child’s education, or your retirement, UCCU provides a variety of savings tools—for personal and for businesses—to help you achieve your financial goals.
Here are 8 ways you can save money with UCCU!
1. Savings Certificates
One of the most reliable and secure ways to save money is through a Savings Certificate, also commonly known as a Certificate of Deposit (CD).
Saving Certificates are an excellent choice for conservative investors looking for a predictable return on their investment. This tool allows you to deposit a fixed amount of money for a specified period, usually ranging from a few months to several years. In return, the lender pays you interest on your deposit. The longer the term, the higher the interest rate you typically earn.
Benefits of Savings Certificates
- Guaranteed Returns: CDs offer a fixed interest rate, ensuring that your investment grows at a predictable rate.
- Safety: Since these are insured by the National Credit Union Administration (NCUA), your investment is safe up to $250,000.
- Flexible Terms: There is a variety of term lengths to suit your financial goals, from short-term to long-term options.
2. Money Market Accounts
Another excellent savings option is a Money Market Account This account offers higher interest rates compared to traditional savings accounts, making it a great choice for those looking to maximize their earnings while maintaining some liquidity.
A Money Market Account combines the benefits of a savings account with some features of a checking account. It typically offers higher interest rates and allows limited check-writing capabilities and debit card transactions.
Benefits of Money Market Accounts
- Higher Interest Rates: These accounts usually offer higher interest rates than regular savings accounts, helping your money grow faster.
- Flexibility: These accounts provide limited check-writing and debit card access, making it easier to access your funds when needed.
- Safety: Like CDs, Money Market Accounts are insured by the NCUA, ensuring your deposits are safe.
3. Traditional Savings Accounts
If you are not ready to invest in a certificate of deposit or money market account, consider our traditional savings accounts:
- Regular Savings Account: A Regular Savings Account is a great starting point for anyone looking to build their savings. With competitive interest rates and easy access to your funds, this account is ideal for everyday savings needs.
- Youth Savings Account: Teaching children the importance of saving money is crucial. Our Youth Savings Account is specifically designed for young savers, offering competitive interest rates and educational resources to help kids learn about money management.
4. Mobile App Savings Tools
In today’s digital age, managing your savings efficiently requires the right tools. UCCU’s mobile app offers a convenient way to save money.
One feature we offer is Savings Goals. This tool allows you to customize any of the premade goals or create your own goals from scratch.
Each of your Savings Goals instantly becomes a unique UCCU savings account that will show you how much you’ll need to save – each day, week, or month – to reach your target. To make things even easier, you can set up automatic deposits or transfers for your Savings Goals. This is a great tool for a wide range of savings goals, including saving for a car, an upcoming vacation, or a new laptop.
Other tools on the mobile app that can help you save include our automated savings option, our budgeting tool, and our Learn & Earn feature.
5. Wealth Building
Building wealth is a long-term endeavor that requires careful planning and disciplined saving. We provide several products and services to support your wealth-building journey, including:
- Financial Planning Services: These services help you create a personalized savings and investment strategy. Whether you’re saving for retirement, college, or a major purchase, our financial advisors can provide the guidance you need.
- Investment Accounts: For those looking to diversify their savings portfolio, we offer various investment accounts, including Individual Retirement Accounts (IRAs) and brokerage accounts. These accounts provide additional opportunities for growth and can be tailored to your risk tolerance and financial goals.
6. Elevated Checking Account
At UCCU, we value providing great benefits to our members, and one of the ways we do this is with our Elevated Checking Account.
This account comes with 14 benefits, including lifestyle, financial, and security benefits. Utilizing these benefits can save you hundreds of dollars a year—from our cell phone protection to our .25% loan discounts.
And, if you meet the requirements, this checking account is free.
7. Cash Back Credit Card
The UCCU 4-3-2-1 Cash Back credit card is the best cash back card anywhere, automatically rewarding you on every purchase: 4% on travel, 3% on gas, 2% on groceries, and 1% on everything else. The more you spend, the more you earn, and therefore, the more you save.
Plus, with no monthly or yearly fees on this card, you won’t have to worry about any additional fees. Apply for this credit card today!
8. Loan Rates
Though loan rates change, UCCU strives to provide the best rates on auto loans, mortgage loans, business loans, personal loans, and more.
Check out our current rates!
These are just some of the many ways you can save with UCCU today! We offer a wide range of services and products so that our members can enjoy life while saving money and maximizing their financial benefits.
- Previous
- Common Money Myths