Financial Advice

 

What Are You Going To Do With Your
Economic Stimulus Rebate Check?

Bring It To British Airways Employees Federal Credit Union!

If you’re looking to deposit your economic stimulus rebate check into a high-yield, low-risk account, we have several great options for you.

Holiday Savings Account – You can make this holiday season the best yet by depositing your economic stimulus rebate check into this account. Your family will thank you for all of the great presents you give or the nice getaway you take over the holiday season.

Term Share Certificates – With terms from 3-60 months and rates from 2.50-3.25% APR*, your money will be well invested. You can earn top dividends without risking your money.

Individual Retirement Accounts (IRAs) – Saving for retirement is important, and these accounts are safe ways to do so. Use these accounts to easily reach your long-term savings goals.

Market Index Certificates – If you want a stock market investment’s potentially high yields and the security of a credit union deposit account, then these certificates are great for you.

Turn to British Airways Employees FCU for convenient and easy ways to invest your economic stimulus rebate check today!

*APR=Annual Percentage Rate. Rates subject to change at anytime without notice. Some restrictions apply.


 

What’s The Difference Between A
Fixed Rate And Variable Rate Mortgage?

Mortgages can be awfully confusing. But, we hope that the following will help you make sense of it all.

Fixed Rate Mortgage
With a fixed rate mortgage, the interest and principle payment stay the same over the life of the loan.

Fixed rate mortgages give a fixed payment schedule, which may appeal to those who are on a set income and those who want a fixed payment schedule.

Variable Rate Mortgage
The interest rate can change periodically with a variable rate mortgage. The changes are tied into the market rates that exist at the time the rate is subject to change. They can have lower interest rates, but can increase if interest rates climb. There is a predetermined ceiling, which says how high the interest rate can adjust.

Adjustable rate mortgages are beneficial for those who plan to move soon, for those who don’t qualify for higher fixed interest rates and those who don’t mind fluctuating payments.


 

 

 
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