At United Teletech Financial, we’re dedicated to helping you reach your financial goals. Are you attempting to save money for a future purchase? Want to build a nest egg? Our certificate accounts, also known as CDs, can help.
A certificate of deposit, also known as a CD, is a form of savings account. Yet, by using a CD, you’ll agree to keep those funds locked away until a specific maturity date. In return, you’ll receive a better APY* than most traditional savings accounts can offer.
For example, our lowest term is 3 to 5 months with 0.5% APY. You can also obtain a term length as long as 60 months with a .05% APY. It all depends on your needs and financial goals.
United Teletech Financial offers a variety of certificates with varying rates and terms. The balance requirements range from $500 to $25,000, depending on the certificate you choose. View our current rates to see which CD will benefit you best.
CDs are federally insured up to $250,000 per account. This means your cash is kept safe regardless of the market. Plus, CDs are a safer option for those who don’t want to invest in stocks or bonds.
Due to the fixed APY on CDs, you can expect a specific amount of yield at your maturity date. Your APY will stay the same throughout the full term of your CD. This also makes it easy to create a financial plan that includes CD accounts.
CDs often result in a higher APY than traditional savings accounts, giving you more for your money. Plus, it’s an added reward for saving.