Certificates of Deposit
Certificates of Deposit are considered one of the safest ways to save for a variety of reasons. They always hold their original value, unlike the stock market, plus they accrue interest over time. Whether you are saving for a dream vacation or for a secure and comfortable retirement, consider a CD through BHFCU. Your credit union also offers CD’s in a variety of terms, up to three years. A minimum deposit of $1,000 is required. Dividends are paid quarterly. There is a penalty for early withdrawal.
Individual Retirement Accounts
Individual Retirement Accounts are available for our members who are looking for ways to save and invest their money for their future and reduce their tax burden at the same time.
Money Market Accounts
Baptist Health Federal Credit Union also offers a Money Market Share Account for investors looking for higher rates but immediate access. This account pays high money market rates on a minimum balance of $2,000, and with a $5,000 minimum balance you earn even higher rates. Dividends are paid monthly and the rate is subject to change without notice.