SimpliCD Investing

SimpliCD investing helps credit union managers maximize the earning potential of excess funds, safely and conveniently. SimpliCD enables members to easily invest excess funds in federally insured CDs. The program gives credit unions the advantages of competitive and exclusive rates, and the convenience of consolidated reporting. SimpliCD provides credit unions a one-stop solution to excess-fund investing. Credit unions using the SimpliCD program have access to national rates and a wide variety of issuers. They get one-location recordkeeping and consolidated fund settlements. SimpliCD makes cash flow management less stressful and less time-consuming.

Key benefits:

• Simplifies cash flow management
• All relevant records stored in one location
• Saves time and streamlines the recordkeeping process
• Create a pool of investors to invest funds in a single CD
• Single consolidated monthly interest payment for all your credit union’s SimpliCD investments

Contact your Financial Strategist to get the current SimpliCD rates.

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Certificates of deposits (CDs) are federally insured, low risk investments offered by financial institutions. These fixed term, and generally fixed interest rate, investments require members to keep funds allocated to the CD at the institution until the fixed maturity date. Once the investment reaches the maturity date, the member may withdraw the funds along with any accrued interest. A member may withdraw the funds early but will be required to pay a penalty thus losing the benefit of the deposit. There are two types of CDs: basic or traditional CDs and jumbo CDs. Jumbo CDs require higher deposit amounts but pay a higher interest rate. In some cases, a jumbo CD may carry additional risk as well.