As the 2010’s come to an end and a new decade approaches, now is a perfect time to evaluate your financial health. What are your goals? Are you on track to retire when you want to? Are you saving enough? Are you taking advantage of the best offers? These five financial resolutions are a great place to start:
Open a checking account that offers rewards.
With so many offers available, deciding who to bank with can be a tough decision. There are several banks and credit unions offering a cash back incentive, but TBA Credit Union is currently offering the best deal around with their Cash Reward Account. Featuring 5% APY* on balances up to $10,000 if minimal monthly requirements are met, this checking account is a fantastic option! As long as you are able to make a minimum of 25 debit card transactions, four online or mobile banking logins, deposits totaling $1,000 or more through direct deposit or Remote Deposit Capture (RDC), and enroll in e-statement, you can look forward to receiving monthly dividends. With TBACU’s convenient mobile app and online banking, you can check your status each month to make sure you’re on track to earn. You won’t be charged any penalty fees if the monthly requirements aren’t met, you simply will not earn the cash or interest for the month.
Turn your spare change into savings.
Change jars are so 2010. Nowadays, you can enroll in programs that will do the work for you. TBA Credit Union’s Debit Card Round Up Program rounds up each debit card transaction to the nearest dollar, and transfers that change into your savings account. For example, if you make transactions for $4.50, $10.90, and $6.30 using your TBACU Debit Card, at the end of the day you would see one Debit Card Round Up credit for $1.30. Think of it as a virtual change jar!
Set aside funds for special occasions.
Looking for an easy, systematic way to save for the holidays or your next family vacation? TBA Credit Union offers several alternatives that make saving money for a sizable expense convenient and manageable. Dividends are accrued daily and paid annually for the Club Savings Accounts below.
- Christmas Club – It’s never too early to start saving up for holiday expenses. Set up an automatic transfer to help alleviate stress during the holiday season. The balance of the account is transferred to your savings account on October 31 automatically.
- Summer Savings – A Summer Savings Account can help cover those last-minute weekend trips or even unexpected expenses during the summer months.
- Vacation Club – If you have plans to escape to somewhere warm during the winter months, start saving with a Vacation Savings Account today.
Choose your credit card carefully.
Looking for a credit card that offers incentives? TBA Credit Union’s VISA Credit Card with Scorecard Reward allows members to earn one point for every dollar they spend using their TBACU VISA Credit Card. Bonus points are redeemed by registering on the ScoreCard Rewards website. Use your bonus points towards airline travel, brand name gifts, and more. You’ll also earn an additional 250 bonus points after your first login! As always, paying your balance off every month will avoid paying interest.
Revisit your retirement plans.
With so many differences, details and decisions to make when considering retirement, where do you start? Andrew Maniaci, CFS Financial Advisor at TBA Investment Services**, can help you examine your options and decide what type of account may be right for you. Schedule a no-obligation appointment to meet with Andrew and gain valuable information on financial planning topics that include:
- Retirement Planning
- 457, 401k and 403b Rollovers
- Mutual Funds, Annuities, and Life Insurance
- Small Business Retirement Plans
*Annual Percentage Yield. Rate as of 7/1/19, subject to change. Interest not paid on balances over $10,000. No minimum balance or opening deposit required. Some requirements apply, if requirements are not met there are no penalty fees.**Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. TBA Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.