Add Certificates to Your Financial Plan and Save More

It seems like every time you watch the news or go online, there’s a new story about inflation. It’s on the top of everyone’s mind—and for good reason! According to the consumer price index, in September, the cost of food at home (better known as groceries) increased 13% over the same time last year.

This just reinforces the need for more money-saving tips.

In addition to cutting back where you can, there is one financial tool that grows your money faster as rates increase. What is it? Certificates.

What is a certificate?

If you’re not sure what certificates are, you’re not alone. They go by many names: certificates, term deposits, CDs and time deposits.

These deposit accounts offer a guaranteed return over a set period of time.

Why are they a good option?

Mountain America’s certificates are a great way to earn competitive dividends on safe, long-term investments. Set aside funds for a specific period of time—between 6 to 60 months—and in return, you receive a higher dividends rate than with a traditional online savings account and are insured by NCUA. The longer your certificate term, the more dividends you earn. It’s a simple way to boost your savings and prepare for your financial future.

What types of certificates are available?

In addition to standard certificates, Mountain America also offers growth certificates, youth certificates and Christmas Club certificates.

Visit our certificate hub to get the current rates and requirements for each of these options.

If you’re interested in learning more about certificates and how they can fit into your savings plan, check out these additional blog posts: