The new year is almost here, and VyStar Credit Union wants to make sure you are ready for 2023. Now is the time to get on track so you can achieve your financial goals. Here are a few tips to get the year off to a strong financial start:
Earn up to 4.50% on a Certificate of Deposit (CD)
If you have extra cash, now is a great time to consider opening a CD account. VyStar members can open high-yield CDs with a minimum deposit of $500. For a limited time, members can earn up to 3.50% Annual Percentage Yield* (APY) for 13 months and 4.50% APY for 23 months.
Open a Money Market Account
Our Money Market account is another great option to help you grow your hard-earned money faster. VyStar’s rate is up to four times the national average. No minimum account balance is required, so this is a great resource for anyone looking to begin saving.
Save on Interest and Consolidate Debt**
Whether you need a personal loan or would benefit from a credit card balance transfer, consolidating your debt into a single monthly payment can help you take control of your finances. Learn more on our Debt Consolidation page.
Get Paid Up to Two Days Early***
We know that every day counts when it comes to getting a paycheck — especially after the holiday season. VyStar members can get paid up to two days sooner when they link their checking or savings account with a direct deposit payment. Learn more about how to set up a direct deposit.
Revisit or Start Your Emergency Fund
You can’t predict the future, but you can plan for it. It is generally recommended that you keep up to six months of emergency fund savings. However, there are additional factors that can assist you in your specific needs. At VyStar, we offer an Emergency Fund Boot Camp for those who are looking to start one or learn how to amplify their savings.
Work on Improving Your Credit Score
The new year provides the perfect opportunity to boost your credit score. This can be great if you’re looking to make a large purchase in the new year. With so many pieces of advice and tips available, VyStar has debunked some common myths about improving your credit score and provided tips on how to enhance it.
Start Preparing for Your Taxes and Get them Done Early
While this may not be top of mind as we kick off the new year, taxes open in January. This can be a time-consuming process, so it’s important to ensure you set time to properly file your taxes. Finishing this task early can give you peace of mind and allows you to receive your return earlier. There are different resources we recommend if you’d like to file your taxes with a tax preparer or do them yourself. You can learn more about tax assistance resources.