Higher Deposit Rates Are Here
Say hello to higher rates! Effective June 1, 2022, we raised rates on regular share certificates and Zia Checking.
The Federal Reserve (the central banking system of the United States) raised the benchmark interest rates in May 2022, and as a result, we’ve followed suite. However, if you have money elsewhere, don’t expect to see increases across the board. In fact, it’s estimated most banks won’t raise rates anytime soon. “The biggest banks in particular are sitting on a mountain of deposits. The last thing in the world they’re going to do is raise what they’re paying on those deposits,” said Greg McBride, Chief Financial Analyst at Bankrate.com. That’s where your credit union comes in. We believe in offering our members the highest rates possible, as this means better returns and ultimately more financial security for our members.
A Little Bit About Zia Checking
A checking account that pays you what money market accounts at other institutions pay AND rewards? That’s Zia Checking from Rio Grande Credit Union. You’ll earn dividends on balances over $500. You’ll receive all the access you would expect to have with a premier checking account, plus some unexpected benefits like complimentary cell phone protection, price protection, extended warranty and more.
Learn more here.
A Little Bit About Our Regular Share Certificates
With a Rio Grande Certificate, you set aside funds for a set period of time—between 3 to 60 months—and in return, you receive a higher dividend rate than with a traditional online savings account and are insured up to at least $250,000 by NCUA. The longer your certificate term, the more you earn. It’s a simple way to boost your savings and prepare for your financial future.
Learn more about our regular share certificates here.
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