Michelle Peterson, a member of the working groups that ignited the DriveUp Savings and Skip N Flip Savings programs reports that she has launched the ViaStart Up Certificate at Via Credit Union. The product takes elements of both programs and simplifies the product into one easy to understand product that is also easy for the credit union to efficiently maintain.
Staying in control of your finances is never easy, but the difficulty of it soars in a tough economy. One of the smartest things you can do is to have an emergency fund. Via Credit Union is here to help make building your emergency fund easier with the ViaStart Up Certificate.
- 12-month certificate
- $10 minimum to open
- Monthly deposits are required
- Funds transfer to Membership Shares upon maturity
- Dividends are compounded and paid monthly
This product takes a central component of both the DriveUp Savings and Skip N Flip programs; being the encouragement of building yoru savings through installment-like payments. Currently, Via is promoting it as a way to establish an emergency fund, a central element of the Skip N’ Flip Savings.
The rate as of 10/20/2009 is 1.71% APY. (1/70% Dividend Rate). A penalty of 60 days’ dividends on principal withdrawn, whether earned or not is applicable on early withdrawals.
Related: Via CU Stuffer
