Big savings are on the way. For the holiday season, North Jersey Federal Credit Union is upping the ante by offering even higher annual percentage yields (APYs) rates for certificate of deposits (CDs). CDs are temporary loans to a bank or credit union for a specified amount of time. Take advantage of this offer to earn at a higher rate than other standard savings methods. 

Earn Over 2% APY on New Credit Union CDs

Now Through December 31, 2018 

For over 80 years, North Jersey Federal Credit Union has offered cost-effective financial solutions to residents of Passaic County, NJ. Their commitment to customer satisfaction has inspired a limited-time bonus offer over the holidays. In the holiday spirit of generosity, they’re offering 2.12% APY on 13-month CDs and 2.22% APY on 19-month CDs with a minimum balance of $5,000.

Why Now Is the Right Time to Open a CD

Year-round rates on similar credit union term lengths range from 1.35% to 2.01%. As such, you'll make a significant amount more over the life of the CD with the promotion. With rates well over 2%, the earning opportunity far exceeds most other savings vehicles. 

The boosted APYs are also an excellent solution for building both short- and long-term savings with the CD ladder strategy, which involves purchasing multiple CDs with different terms. As each one matures, you take the dividend earnings to use for projects or goals with immediate needs. Then, you reinvest the rest as each term finishes into a larger five-year CD for future projects.

Take Advantage of This Holiday Promotion Rate Today!

Make your hard-earned money work for you by choosing the right savings strategy. Along with this incredible CD rate promotion, New Jersey Federal Credit Union also offers a wide range of savings solutions. From share savings to money market accounts, the credit union professionals will help you evaluate your current situation and match you with the best option. Find out if CDs are the right choice for growing your savings by contacting the team at (973) 785-9200, or learn more about your options on their website.