Charlotte Metro Federal Credit Union Blog

Are you in a savings account dilemma and trying to decide if a bank or credit union is the best place to park your money?

Did you know there's more than one type of savings account? Yep! There are quite a few out there so it can be tricky to determine where to park your money, especially if you don't know what you’re saving for.

If you’re looking for ways to earn higher interest on your savings, Certificates of Deposit (CDs) and Money Markets are both great options in different ways!  

Do you typically maintain a high account balance in your savings or checking account? If so, you don't have to limit yourself to just savings or checking accounts. You have options - one includes, money market account (MMA).

If you're considering what to do with your money and where to park it safely, you may want to look into getting a Certificate of Deposit Account, or CD.

Be honest - how many times have you been in this situation: You take the time to sit down and really hammer out your budget. You know how much money should be going towards groceries and eating out, you’re set up to save a little more each month, and you feel good about your new system.