CONTRIBUTED CONTENT — With a volatile stock market and inflation causing the price of everyday items to skyrocket, many people worry about losing the money they’ve been able to save over the past couple of years. If this describes you, and if thoughts about money keep you up at night, you may want to consider parking your money in a safe, easily accessible place.

A money market account with Chartway Credit Union ticks all these boxes – and even better, you’ll be able to catch some Z’s knowing your money is secure and available when you need it! 

Money market accounts are excellent tools offering many of the benefits of Chartway’s share savings account, including easy access and liquidity. You’ll earn dividends, which Chartway compounds and credits monthly. Your money – up to $250,000 – is insured by the National Credit Union Administration.

Unlike Chartway’s share savings account, you’ll need to maintain a higher minimum balance to earn dividends; the more you save, the higher your dividend rate will be. Chartway also provides a free rate-alert tool to help guide your decision-making.

Chartway cares about helping you thrive financially with personalized service and solutions suited to your specific situation. That’s why the credit union offers a wide range of savings products, including money market and money market plus accounts. These accounts are incredibly useful for building your emergency fund or for short-term savings goals. You can rest easy knowing your money is growing with tiered dividend rates and compounding.

“If you’re saving for a specific goal – for example, an RV, boat, new vehicle or home, planning for retirement or just want to grow your money at a faster pace, Chartway’s higher rates can help,” said Matt Yardley, Chartway’s retail director in the St. George area. “Rates for our money market plus are up to 20 times higher than our regular share savings account!” 

Money market accounts are safe, secure and predictable – and sometimes, exactly what you need to diversify your savings strategy and have peace of mind in times like these. Now might be the perfect time to stop into a branch or reach out using video banking on Chartway.com to learn more. Our team would be honored to help find the best savings option for you.

With five locations serving Washington and Iron counties, Chartway provides an array of financial options including auto loans, personal loans, credit cards and checking accounts offering cash back incentives. They also offer conventional fixed-rate mortgages along with loans backed by the Federal Housing Administration, Department of Veterans Affairs and Department of Agriculture.

Established in 1957, Chartway is a not-for-profit credit union serving over 192,000 members across Utah, Texas and Virginia. Their charitable arm, the Chartway Promise Foundation, is among the largest donors to the Make-A-Wish Foundation in the state. Chartway entered the Southern Utah market in 2009.

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Resources

• Chartway Credit Union | Telephone: 800-678-8765 | Website.
• Locations:
  • 1827 W. Sunset Blvd., St. George.
  • 333 E. Tabernacle St., St. George.
  • 1025 W. Red Cliffs Drive, Washington City.
  • 85 N. 200 West, Hurricane.
  • 444 S. Main St., Suite B-2, Cedar City.

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