The Gift of Financial Security: Why a CD Account Makes a Great Present A thoughtful way to show you care
A certificate of deposit (CD) is a type of savings account that offers a guaranteed interest rate for a set period of time. This makes them a low-risk investment that can help your loved one reach their financial goals.
Here are some of the reasons why a CD account makes a great gift:
- It’s a practical gift that can help your loved one save for their future.
- It’s a low-risk investment that can help your loved one grow their money.
- It’s a thoughtful gift that shows you care about your loved one’s financial well-being.
Points West is offering our 7-month CD at 5.25% APY* this holiday season! Open a CD account with us and watch your money grow in 7 months, or longer if you select a longer-term CD.
A CD account can be a great way to show your loved one that you care about their financial future. It’s a practical and thoughtful gift that can help them reach their financial goals.
Here are some additional tips for giving a CD account as a gift:
- Personalize the gift by writing a letter to your loved one explaining why you chose this gift.
- Present the gift in a festive way, such as wrapping it in a gift box or adding a ribbon.
- Follow up with your loved one after a few weeks to see if they have any questions about the CD account.
*Annual Percentage Yield is effective November 16, 2023 and is subject to change without notice. A minimum deposit of $10,000 is required to open. A penalty may be imposed for early withdrawal.