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Remember, all 28,000 CO-OP Network ATMs are available surcharge-free. To start your search for an ATM, check out your options below:

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Certificate Laddering

 How Certificate Laddering Works

You purchase multiple certificates with different maturity dates, and reinvest each one as it matures for the longest period. That way you'll have access to part of your funds at shorter intervals while still taking advantage of the interest rates offered on longer-term certificates.

3 Easy Steps

1.
Specify the total amount of the funds that you have to invest.
2. Determine the amount you need to have liquid. This is the amount that will be available at shorter periodic terms. Remember, generally the more that is liquid the less that amount will earn.
3. Select your liquidity period. A liquidity period of six months means every six months you will have a certificate maturing.


For example, when you have $10,000 to invest and feel comfortable having access to $2,500 every six months, you buy four $2,500 share certificates, with terms of six-, twelve-, eighteen-, and twenty-four months. When your 6-month certificate matures, you roll it over into a 24-month certificate, and so on. This way, you get most from your money in higher-yielding certificates and every six months one certificate matures, so you have access to part of your investment should you need it.

 

Share Certificates 
CAHPCU offers both variable and fixed-rate Share Certificate Accounts that provide both short and long-term saving opportunities. You can choose the term and amount and lock-in a high rate to help you achieve your financial goals.

 


Rates:

Fixed-Rate Share Certificates

 
Term (Days) Minimum to Open Minimum to Earn Dividends   APY1
91 $2,000 $2,000   0.15%
182 $2,000 $2,000   0.20%
273 $2,000 $2,000   0.25%
364 $2,000 $2,000   0.35%
546 $2,000 $2,000   0.45%
728 $2,000 $2,000   0.60%
1098 $2,000 $2,000   0.85%

Fixed-Rate IRA Certificates

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Term (Days) Minimum to Open Minimum to Earn Dividends APY1
364 $2,000 $2,000 1.30%
546 $2,000 $2,000 1.45%
728 $2,000 $2,000 1.65%

 


 

Variable-Rate Certificates2
CAHPCU offers three variable-rate certificate products, each is designated for a specific term like a fixed-rate certificate, but the dividend rate is indexed and may change quarterly. You may cash-out at the end of the term, or roll-over the certificate for another term.

Rates:

Variable-Rate Share Certificates

Term (Days) Minimum to Open Minimum to Earn Dividends   APY1 Level
364 $500 $500   0.26% 500
728 $500 $500   0.41% 500
           
364 $500 $5,000   0.41% 5K
728 $500 $5,000   0.56% 5K
           
364 $500 $20,000   0.51% 20K
728 $500 $20,000   0.66% 20K
           
364 $500 $50,000   0.61% 50K
728 $500 $50,000   0.76% 50K
           
364 $500 $100,000   0.81% 100K
728 $500 $100,000   0.96% 100K
           
364 $500 $200,000   1.01% 200K
728 $500 $200,000   1.16% 200K

 

Variable-Rate IRA Certificate 

Term (Days) Minimum to Open Minimum to Earn Dividends   APY1 Level

728

$2,000

$2,000

 

1.51%

2K

 

Variable-Rate Education Certificate [Requires a Cadet, Rookie, or Explorer Club Account to open]

Matures on: Minimum Opening Balance Minimum to Earn Dividends   APY1 Level
16th Birthday $500 $500   1.01% 500
18th Birthday $500 $500   1.01% 500
Graduation from High School $500 $500   1.01% 500

 


Fixed vs. Variable

Fixed-rate products offer a guaranteed rate of interest over a specified time, or term of the product. Because of their fixed rates, these products may offer stability around market or interest rate fluctuations. You are guaranteed how much future income you can expect from your investment, versus a variable-rate product that is tied to a market or interest rate and subject to the same risks.

Variable-rate products generate variable rates of return because they are tied to fluctuating economic indexes. Keep in mind that your rate of return is not guaranteed, so the risk of a variable-rate may be higher.  As with other investment alternatives, the higher the risk involved in your portfolio, the higher the potential return will be on the investment.

The above information is educational and should not be interpreted as financial advice. For advice that is specific to your circumstances, you should consult a financial or tax adviser.

  


1  Annual Percentage Yield (APY)

2 CAHPCU Variable-Rate Certificates are indexed against the 91-day Treasury Bill (T-Bill) on a quaterly basis as published in the Wall Street Journal on the 3rd Tuesday of the last month of the quarter; new rates are applied on the first day of the following quarter.

Rates Effective 1/1/2012; subject to change without notice.

 


 


This site contains links to other web sites, in order to assist users in locating and accessing information that may be of interest. C.A.H.P. Credit Union does not warrant linked sites for any purpose. Further, the inclusion of a link to another site does not constitute an endorsement by CAHPCU of the site, its owner(s) or any products or services advertised on the linked site.


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