Saving is important in today?s world. As credit becomes less available to individuals and families, they will be have to depend on their own savings more for some of life?s larger purchases. Finding decent CD interest rates nowadays, with banks and credit unions lowering their offerings, has become quite a challenge.
Luckily for people in the Norfolk area,?Port of Hampton Roads Ila Credit Union?is offering?members?the opportunity to earn a CD interest rate of 1.65% APY with a 24 month term.
24-Month CD Rate: Terms and Conditions
The minimum balance required for the purchase of a share savings certificate is five hundred dollars ($500.00). CDs are also available for other terms, including 6 months and 12 months, though these will have different?CD interest rates?than the featured offer. All shares (deposits) are insured up to $100,000.00 by the National Credit Union Share Insurance Fund (NCUSIF). Early withdrawal penalties would apply.
About Port of Hampton Roads Ila Credit Union
As a credit union,?Port of Hampton Roads?ILA Federal Credit Union?is owned and controlled by its members. Operated as a not-for-profit financial institution, it is able to offer better products and interest rates to help members save money with tools like share deposits and savings certificates (CDs), as well as borrow money. As a credit union,?Port of Hampton Roads?ILA Federal Credit Union aims to build a long-term relationship with members through excellent service.Other Terms and Conditions may apply. Additionally, interest rates are based on the institution?s online published rates and may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.
Source: http://www.gobankingrates.com/cd-rates/2-year-cd/port-hampton-roads-ila-credit-union-1-65-apy/
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