The other
day my granddaughter said, "Grandma I can't believe I'm going to be a
freshman next year!” I told her that I
couldn't believe it either. That means
in just a couple years from now, she will be driving. After realizing that, I started thinking how
happy I was for taking out an Add-On CD for her seven years ago at Horizon. That savings will be a nice down payment when
she wants to get a car.
The Add-OnCD at HCCU is one that starts at a minimum $100.00 – very affordable. Unlike a standard CD, you can make additional
deposits to an Add-On CD. You can add as
little or as much money to it, as long as you deposit monthly. The interest rate is higher than a regular
savings and is locked in for a year. You
can cash it in after a year or roll it over for another year at our current
rate.
If you need
to set aside money for a purchase in your future, or maybe just for a rainy
day, consider an Add-On CD. For us, that
money will come in handy the day my granddaughter finds a car!
Post By:
Alice E
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