What Makes Credit Unions the Choice of Smart Investors Today
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Posted On :
Feb-23-2010
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Article Word Count :
413
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These times call for smart moves. And when it comes to growing your hard-earned money, the least that you want to do is to deposit it in a safe investment option. And by safe, we mean a growing capability that has equals the ability of your bank deposit.
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These times call for smart moves. And when it comes to growing your hard-earned money, the least that you want to do is to deposit it in a safe investment option. Safety also means the growing capability also needs to match the bank deposit capabilities. If you are looking at ways to grow your money, then certificate of deposit or popularly known as CD is a great way to start. And when it comes to investing in CD, you know that you only have to options: Go straight to a Phoenix credit union and, of course, head straight to your traditional bank.
Essentially, banks offer the safest place for your money. In fact, if you're looking for a stable financial institution, all financial experts will tell you that there can be no establishment that can exceed what the banks can do. There has to be more, that is what the trend shows. These days a lot of investors are taking a closer look at Phoenix and austin credit unions. In fact, a recent survey only proves that credit unions are really the best option when it comes to investing in CD's.
One of the very first things that come to our mind is that credit unions, and we're not only talking about the big boys here but almost every establishments we know, including Phoenix and Austin credit unions, is the really irresistible, high interest rates that they are actually offering. Many a credit unions offer much higher interest rates in comparison to those Phoenix banking institutions around. So how do you think these credit unions are able to give that something even the so called bigger financial institutions offer? Simple. The reason is that credit unions are essentially cooperative organizations, which essentially tells us that all their members can afford of higher saving rates. These credit unions are as good as non profit institutions, hence they are able to free themselves from the intricacies of pleasing their shareholders. Credit unions are very cheap to run, hence they pass on the benefit on reduced overhead costs to the customers through higher interest rates.
Very reasonable rates for the CD products have made these credit unions very popular among the investors. In fact, check their minimum amount of investment and you will essentially get what we mean.
It offers higher savings rate, stability of years of experience and there are enough reasons why credit unions are getting the confidence of investors.
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Article Source :
http://www.articleseen.com/Article_What Makes Credit Unions the Choice of Smart Investors Today_11615.aspx
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Author Resource :
Author also writes on various other topics of interest like Phoenix Credit Union, Austin Credit Union and Phoenix Banking
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Keywords :
Phoenix Credit Union, Austin Credit Union, Phoenix Banking,
Category :
Finance
:
Investing
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