Saving doesn't have to be boring. There are smart and fun ways to save money that you might not be aware of, especially if you have a savings account from one of the big banks.
Coosa Valley Credit Union offers an alternative option to boost your savings capacity. From lower fees and automated transfers to money market accounts and share savings dividends, Coosa Valley empowers you to make the most of your income.
If you've been looking to make the switch to a credit union, give us a call today. Our friendly representatives are ready and able to guide you through the nuances of our different savings accounts.
With us, you're not just another number. Upgrade your savings game by opening an account with Coosa Valley Credit Union today!
The Credit Union Difference
Credit unions make it easy to save more money than big bank savings accounts. There are several benefits to opening a Coosa Valley Credit Union savings account, including:
- Lower fees
- Lower minimum deposits
- Personalized service
- Community oriented
- Friendly deposit reminders
- Higher return rates
Compared to the big banks, you won't find a savings account more personalized to your goals and needs. Stop by one of our local branches to speak with our representatives and learn some clever ways to save money in the process.
Sticking to Your Goals
An important aspect of saving is something many people find a bit boring: developing a plan and sticking to it.
A good financial plan can be what makes or breaks your savings routine. While you might think that regular deposits are good enough, having a clear plan with specific goals can help motivate you to stick to your savings schedule.
So, what does a good financial plan entail? Break down your savings goals into bite-sized pieces: three months, six months, one year, three years, five years, ten years.
Where do you envision yourself in ten years? Are you saving for a house? How much do you need to get to that point? Once you have a clear number in your head, divide that into how much you'll need to save monthly and yearly.
You'll be astounded how fast the cash stacks up when you follow through on a good savings schedule.
Automate Your Savings Transfers
We know it can be painful to send your hard-earned money into an account you're not supposed to touch. That's why we make it easier with automated transfers designed to grow your savings each month without even thinking about it!
You can set up automated transfers with Coosa Valley each month from your checking account into your savings account. If you own different types of savings accounts, automation makes it easy to keep track and send money into each one without the hassle of manual deposits.
Plus, automated transfers can be a fun way to watch your money grow! Check in every now and then to see the solid progress you're making towards your savings goals.
Types of Coosa Valley Credit Union Savings Accounts
Understanding that there are different types of savings accounts is one of the most basic ways to save money. You might be falling behind on your savings goals simply because you're using the wrong type of account. Coosa Valley offers several types, including:
- Share Savings Account - When we make money, you make money. Your account earns dividends that are compounded monthly. Watch your money grow without having to do anything at all!
- Premiere Money Market Account - Higher return rate than basic share savings. Higher minimum account balance. When the market makes money, you make more.
- Special Savings Account - Dividend returns similar to share savings, but with a more flexible withdrawal allowance. Good if you want to focus on shorter-term savings goals.
- Individual Retirement Account - Retirement accounts are one of the more profitable accounts we offer. Traditional IRAs, Roth IRAs, and a Coverdell Education Savings Account are all excellent options for long-term saving.
- Coosa Valley Kids Savings Account - Good savings habits start young. With a kids account, your child can have access to all the tools necessary for beneficial saving practices. Plus, we have a playful system in place that helps gamify their savings, making the process fun and rewarding at the same time!
Determining what sort of account works best for your savings goals is one of the smartest ways to make the most of your Coosa Valley Credit Union account. Also, mixing and matching different accounts is a clever way to boost your savings potential. Call us today to find out how!
Stop By Coosa Valley Credit Union Today!
Levelling up your savings potential has never been easier. With all the tools Coosa Valley has for you to succeed, there's no excuse for not reaching your savings goals.
Whether you're saving for a house, car, school, or starting a family, saving money has never been more important. In an uncertain economy, sticking to your savings routine is one of the best ways to plan for the future.
So, where do you save money? Coosa Valley Credit Union, of course! Contact us today!