Saving Money Adds Up!

Saving money can seem like a daunting task. However, with enough determination and patience, it’s possible to meet your financial goals without making difficult sacrifices. The wonderful staff at Estacado Federal Credit Union in Hobbs, NM, can discuss how to save money toward your goals. Here are a few examples:

1. Open a Certificate or IRA Certificate

Certificates are a low-risk way to save more money. Maximize their earning power by opening a few Certificates for only a minimum $1,000 (or more) at different maturity dates. This approach, also known as laddering, allows you to make adjustments to your savings as interest rates fluctuate. Accounts are insured up to $250,000 through the National Credit Union Share Insurance Fund.

2. Cut Back on Spending

There are plenty of ways to cut your spending and use the savings toward your future goals. Saving money may be as easy as sticking to a shopping list to avoid impulse buys.

3. Save money on you Credit Card

You can also open an Estacado’s Platinum credit card with 9.9% interest with More4U Rewards. You can save on interest paid each year and save money.

4. Pay Less fees

Estacado has a low $500 minimum average balance on our checking accounts to not pay the monthly $5 service fee. Our Virtual Branch online banking, Check Free Bill Payment, and e-statements are all free to members.

The staff at Estacado Federal Credit Union provide friendly service and a variety of online banking products to serve their members’ needs. Give them a call at (575) 393-1596 for more info or visit us at www.estacadofcu.com to learn more about their financial services.