Tip of the Month

July 2008

Steady Savings Accounts for Today's Shaky Market

Saving money doesn't have to be complicated or risky. With a high-yield, insured account here at Service 1 Federal Credit Union, it's easy to keep your money growing.

Your choices include:

• Share Savings - this is a perfect place to start, it has unlimited flexibility.
• Money Management Account - this account has a minimum of $2,000 balance and allows you to earn a high return whole still allowing access to your money. You can deposit money whenever you want and make up to 6 automatic withdrawals a month.
• Share Certificates - a certificate is a great choice for the highest possible rate. You can lick in a term of 6 to 60 months with a minimum deposit of just $500.
• IRAs - a Roth or Traditional IRA is a great way to save for the future, they have unique tax advantages that help your account grow even faster.

We offer federal deposit insurance up to $100,000 for complete peace of mind, with IRAs insured up to $250,000. To make things even easier, we can arrange reliable automatic transfers to keep your accounts growing.