Payroll CD: An Easier Way to Save for What Life Throws Your Way
Getting ahead doesn’t have to be so hard. Let a Payroll CD take the worry out of saving for you. Here’s three smart reasons to open one today:
Low Initial Investment
You only need $10 to open and $10 a month to maintain a Payroll CD! Compared to a traditional CD, with a minimum initial deposit of $500, this deposit product gives you an easy way to start saving that adds up quickly over time.
Competitive Interest Rate
At 1.5% APY*, our Payroll CD is competitive and pays more than if you would leave your funds in a regular savings account. For an added perk, members who maintain a checking or loan product with us will earn 3.5% APY* for the first 12 months.
Annual Maturity with Withdrawal Flexibility
Traditional CDs often make you wait five years to even touch your money without a penalty. A Payroll CD gives you the chance to transfer money out every year on your open-date anniversary, penalty-free! Use this benefit to boost your cash flow before birthdays or holidays!
You don’t have to have deep pockets to invest in your future. And River Region Credit Union makes it easy. So what are you waiting for?
Call 866-649-5015 and ask for a Branch Manager to Open Your Payroll CD Today!