Category: Wealth Mgmt - Page 7 - Enbright Credit Union

Stimulus Money is Coming. How Can You Use It?

If you’re one of the Americans who will be receiving part of the $2 trillion in stimulus money, you’ve probably already thought about some ways to use it. Here are a few thoughts just for Enbright Credit Union members.

 

Save Some.

That’s exactly what a credit union would say, right? But it’s good advice. If you don’t have immediate plans for it, stash it in a savings account. Our recommendation? Open a separate savings under your membership. Keeping your funds separate from other funds will help, and you can grab some and transfer it to other accounts as needed. You can even name your account something special in Online Banking. If you want to open a separate savings under your account, click here. We’ll send you the documents for your e-signature and get the account ready for you without you ever leaving home.

 

Spend Some.

There are some great deals online right now. Do a little online shopping. Your favorite stores are selling online and rolling out great discounts. Visit their websites, sign up for e-mails and you can take advantage of great deals.

 

Buy a Newer Car.

Most of the dealers in our network are still open, displaying their inventory online and making arrangements for test drives and delivery. Click here to see members of our dealer network and check out their inventory online. Dealers in our network can handle your loan with us remotely.

 

Start Home Improvements.

Nothing spurs home improvement creativity like being stuck in your home. Find some great ideas on Pinterest and put together a budget for your improvements. Stimulus money will be great for new furniture and appliances. If you’ll be needing more, a Home Equity Loan or mortgage refinance can provide the cash you’ll need. To get that started from home, click here and we’ll contact you.

Inflatable 16 Month CD

The Inflatable CD offer is available for new, 16-month term certificates opened between February 1 and March 31, 2019 for funds that are being moved to Enbright from another financial institution. The CD owner may choose to exercise a one-time increase to the stated certificate rate if Enbright’s 18-month certificate rate exceeds 2% APY at any time during this certificate’s term. The member may exercise the rate increase option by calling (615) 687-4801 and speaking with a credit union representative. At the time the rate is increased, you also have the option to add additional funds to the certificate. Enbright Credit Union does not guarantee that dividend rates will increase, and we will not notify you that rates have increased. You may monitor rates here and on our website at any time. Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. NCUA, National Credit Union Administration, a U.S. Government Agency.

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