TRUMBULL, Conn. — Personal Care America Federal Credit Union recently launched three new savings accounts to help members plan for different life events.
The GRAD or "Getting Ready for a Degree" account is used to for education expenses. Members saving for a home purchase can open the HOME or "Home Ownership Made Easier" account and the PACE or "Planning Ahead for a Cash Emergency" is used for unexpected situations.
With the new savings accounts, eligible members will earn a dividend rate 1% higher than the credit union's 12-month certificate of deposit. A representative will work members to create a customized plan based on their current financial status and goals. As an incentive, the first 100 members that enroll and deposit $500 in one of these accounts will receive an automatic bonus of $100, according to Personal Care America FCU.
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"The credit union is committed to strengthening the financial welfare of our members and we are proud to be able to offer these exceptional new products," said John Keet, president/CEO of Personal Care America FCU. "We believe they are unique to the industry and the only of their kind in Connecticut."
The $12 million credit union serves more than 3,000 members.
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