Get a guar­an­teed re­turn on your in­vest­ment

DON’T LEAVE YOUR IN­VEST­MENTS TO CHANCE

The Mercury News Weekend - - CONSUMER GUIDE - By Meri­west Credit Union

Cer­tifi­cates are a safe short- and longterm in­vest­ment choice be­cause they are a guar­an­teed way to earn a good re­turn on your money. Share cer­tifi­cates from credit unions of­ten pay more than cer­tifi­cates of de­posit (CDs) is­sued by banks be­cause credit unions are mem­ber-owned and do not have to earn a profit for share­hold­ers.

Be­com­ing a mem­ber of a credit union, to take ad­van­tage of bet­ter rates, is easy th­ese days. Any­one is wel­come to join most credit unions as long as they live or work in the mar­ket area. If you live any­where in the Bay Area you can join Meri­west Credit Union.

Meri­west Credit Union is cur­rently pay­ing a guar­an­teed 2.00 per­cent APY*1 (an­nual per­cent­age yield) on a short 10-month cer­tifi­cate. Those in­ter­ested in longer-term in­vest­ment can be cer­tain that their money will earn a solid 2.70 per­cent APY*1 in a 36-month cer­tifi­cate. In to­day’s volatile mar­ket, it’s a great way to pro­tect and grow the money you’ll need in the years to come. Both of th­ese cer­tifi­cates can be opened with as lit­tle as $1,000. And for those who need a lit­tle more flex­i­bil­ity, Meri­west of­fers an8-month liq­uid cer­tifi­cate-pay­ing 1.75 per­cent APY*2 which al­lows un­lim­ited ad­di­tional de­posits and up to six with­drawals per month as long as the bal­ance does not fall below $10,000.

Un­like stocks, th­ese yields are guar­an­teed for the term of the cer­tifi­cate, and your money is fed­er­ally in­sured for up to $250,000 by NCUA, the Na­tional Credit Union Ad­min­is­tra­tion, a U.S. govern­ment agency sim­i­lar to the FDIC that in­sures bank de­posits.

Cer­tifi­cates are easy to buy and hold. In fact, you can even buy Meri­west cer­tifi­cates on­line. You do need to agree to keep your funds on de­posit for the spec­i­fied time to earn ac­cord­ing to the cer­tifi­cate pa­ram­e­ters. With the ex­cep­tion of the liq­uid cer­tifi­cate, where you can make six with­drawals per month as long as you main­tain the min­i­mum bal­ance, with­draw­ing funds prior to the pre­s­e­lected length of the term does in­cur a penalty.

The in­vest­ment process is sim­ple. While guar­an­tee­ing the in­vest­ment of a fixed sum, or prin­ci­pal, Meri­west will pay a guar­an­teed div­i­dend. When the cer­tifi­cate ma­tures, the in­vestor cashes in the prin­ci­pal plus div­i­dends. The in­vestor can also “roll over” the cur­rent cer­tifi­cate to an­other cer­tifi­cate.

How to choose the right share cer­tifi­cate

While the rates are cer­tainly ap­peal­ing, how does a con­sumer de­cide the best cer­tifi­cate in­vest­ment choice? With a short­term op­tion, your in­vest­ment is more avail­able to you quickly, with lim­ited penal­ties for early with­drawal — if an emer­gency sit­u­a­tion oc­curs. Of course, a liq­uid cer­tifi­cate is the most flex­i­ble.

But if you’re more in­ter­ested in sav­ing for a longer-term goal — such as chil­dren’s ed­u­ca­tions, re­tire­ment or an in­vest­ment prop­erty — a longert­erm cer­tifi­cate is a bet­ter ap­proach. The an­nual per­cent­age rate will be higher for a longer term. The po­ten­tial to use the funds for im­pulse buy­ing will also likely be re­duced be­cause of in­creased penal­ties for early with­drawal.

For ad­di­tional de­tails and ad­vice on which cer­tifi­cate best fits your needs, con­tact Meri­west at 877-637-4937 or visit Meri­west.com/cer­tifi­cates.

About Meri­west Credit Union

Meri­west Credit Union, one of Sil­i­con

Val­ley’s largest and most well es­tab­lished fi­nan­cial in­sti­tu­tions, has been pro­vid­ing proac­tive, per­sonal, con­ve­nient and in­no­va­tive fi­nan­cial ser­vices to over 82,000 busi­nesses and fam­i­lies through­out the San Fran­cisco Bay Area and Tuc­son, Ari­zona, for more than 57 years.

Meri­west is com­mit­ted to mak­ing bank­ing, and life, eas­ier with the kind of ser­vice you just don’t find any­more — peo­ple help­ing peo­ple with check­ing and sav­ings ac­counts, con­sumer loans, small­busi­ness loans, mort­gages, plus in­vest­ment and in­surance op­tions. You choose what is eas­i­est for you: Meri­west’s con­ve­nient branch net­work, on­line bank­ing, or their ro­bust mo­bile app.

See theMeri­west ad in this sec­tion for a spe­cial rate on Pre­mier Sav­ings for New Mem­bers.

**APY is An­nual Per­cent­age Yield. APY is valid for the stated term of each cer­tifi­cate ( thir­tysix ( 36), ten ( 10) or eight ( 8) months) as of 08/ 06/ 18. The pro­mo­tional APYs are avail­able only for new money bal­ances to Meri­west Credit Union. Bal­ances trans­ferred from ex­ist­ing Meri­west ac­counts do not qual­ify. Cer­tain re­stric­tions ap­ply. Con­tact the Credit Union for com­plete de­tails and terms ap­pli­ca­ble. Con­sumer ac­counts only. Lim­ited time of­fer may be with­drawn or mod­i­fied at any time with­out no­tice.

1. The min­i­mum bal­ance to open the ac­counts and earn the stated APYs is $1,000. Penalty will ap­ply for early with­drawal.

2. The min­i­mum bal­ance to open the ac­count and earn the stated APY is $10,000. Up to six (6) with­drawals and un­lim­ited de­posits al­lowed per month as long as the bal­ance does not fall below the $10,000 min­i­mum bal­ance. Penalty maybe im­posed for early ac­count clo­sure.

Mem­ber­ship is re­quired with a one-time, non-re­fund­able $5 fee.

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