You’ll Be Ready for the Future

What does your future hold? Retirement? Travel? Kids? Whether saving for a dream or saving to protect against challenges like illness, it’s important to provide for your future. CUTX has several accounts you can dedicate to socking money away for a rainy day. Or a sunny one!

Smart Ways to Save

Certificates of Deposit: Higher Interest

Tuck money into a CD and roll it over when the term expires. You can watch your money grow—untouched and undisturbed—until you really need it in the future. Start with only $1,000. CUTX has competitive interest rates that rise the more you put away, and the longer you save it.

Money Markets Offer Flexibility

The future’s coming, but you might need to dip into that fund before you get there. Money Market Accounts allow access to your funds up to six times a month. And you get better interest earnings as your balance increases above certain tiers.

Start With a Savings Account

Building savings is a discipline that becomes a habit. When you see the money you’re earning for your future—earning it just by not spending it—you’ll get inspired. CUTX Savings Accounts pay interest after you deposit $100—except Kids’ Savings which pays interest even on a penny!

FAQs - Saving for the Future

People use all kinds of vehicles to save money for the future: Retirement accounts, investments, and Money Markets and CDs. While the stock market might make the first two a little more volatile, you can put money safely into a Money Market or CD knowing if the tides turn you are in charge of the next step.

It totally depends on what you’re looking for. CDs often have higher rates, but once you put the money in for a specified period, you can’t pull any out during that period. With Money Markets the interest is not as high, but you can make withdrawals.

Savings accounts are often the first step toward building a nest egg. Many people new to saving don’t have enough for the minimum deposit on the other savings vehicles. Or they are uncomfortable putting it in to a plan when they’re expected not to take it out again. Savings accounts get them more used to the idea, and they may move on to higher interest accounts later.