Anna's Blog

I was reviewing the rate sheet at the credit union this morning and reminded that there are so many saving options beyond traditional checking and savings accounts. My credit union, for example, has a home buying savings account. The minimum balance is $250, the interest rate is similar to that of a short term cd (which is about double the interest paid on a traditional savings account), and you can withdraw any time without penalty if the withdrawal is for a home purchase (and you obtain your financing through the credit union).  

Whether it's money in the bank or the stock market, every bit of saving counts. If you are thinking of buying a house this year, look into alternative saving options at your bank or credit union! If you need any suggestions for local banks or credit unions, let me know as I'm always happy to share!