If you’re in the market for a new investment opportunity that offers competitive interest rates, you may be interested in Frontwave Credit Union’s 18-month CD.
With an Annual Percentage Yield (APY) of 6.00%, this product offers an attractive return on your investment. In this article, we’ll explore the details of the 18-month CD and examine some of the key benefits and drawbacks of this investment option.
READ MORE: See The Nation’s Best CD Account Rates
18-Month CD Offer Details
If you’re considering a new investment opportunity and meet the eligibility requirements, Frontwave Credit Union’s 18-month CD may be a good option for you.
With a high APY and flexible terms, this product offers a competitive return on your investment.
To learn more about this product or to open an account, visit Frontwave Credit Union’s website or speak with a representative today.
Pros & Cons
Pros:
- High APY: The 6.00% APY is significantly higher than the average savings account interest rate, making this a valuable option for those looking to grow their savings.
- Flexible Terms: Frontwave Credit Union’s CD offers flexible terms ranging from six months to five years, so you can choose the best option to fit your needs.
- Monthly Dividends: With monthly dividends, you can benefit from your investment right away.
- No Penalty for Monthly Withdrawals: Frontwave Credit Union allows you to withdraw dividends without incurring a penalty, giving you added flexibility.
Cons:
- Penalty for Early Withdrawal: There is a penalty for early withdrawal of your initial investment, so it’s important to be aware of this if you’re considering this investment.
- Limited Availability: Frontwave Credit Union’s 18-month CD is only available to members who live, work, or worship in San Diego, Riverside, or San Bernardino counties, or to immediate family members of Frontwave Credit Union members.
READ MORE: See The Best Nationwide Savings Accounts Here
Bottom Line
Frontwave Credit Union’s 18-month CD is a solid investment option for those who are eligible and meet the minimum investment requirement. With a high APY and flexible terms, this product offers a good return on your investment.
However, it’s important to be aware of the penalty for early withdrawal and the limited availability of this product. Before making any investment decisions, it’s always a good idea to speak with a financial advisor to determine the best options for your individual circumstances.
Posts History:
- Frontwave Credit Union Bonus: Earn Up to $350 with Free Checking
- Frontwave Credit Union $200 Checking & Savings Bonus – Ends 9/30/24
- Frontwave Credit Union Promotions: $100 Referral Bonus [CA] – Ends 9/30/24
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
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