 Looking for a terrific savings option?
We offer exclusive, member-only rates that consistently beat the national bank average. There’s no minimum required to open an account, and your funds are FDIC-insured to the maximum allowed by law.
Members save more with the AAA/Discover Bank Deposit Program.
Special benefits include:
- Exclusive, member-only rates that consistently beat the national bank average
- No minimum required to open a CD, IRA or Money Market account (MoneyMarket Accounts require a minimum balance of $1,500 after 60 days)
- Quick account set-up by phone, mail or online
- Easy and secure access to your account information via AAA.com/deposits
To discover the AAA difference in high-yield savings accounts,
Call 1-888-204-8990
or Click here for more information and to open an account online
Tiny Interest Rates on Savings Accounts Make
CDs a Better Choice for Savers
CDs can be a great option when looking for safe, low-risk investments. And with
AAA’s free informational videos, you can learn the ins and outs of how to use
CDs and money market accounts to make your investments grow.
Hosted by Bill Gerhard, director of AAA Financial Services, the videos help to
address America’s renewed interest in building a savings portfolio in an era
of tight and more expensive credit. “It is important for consumers to know they
can get better returns on their money by avoiding savings accounts that pay almost
no interest, yet still have the safety and security of FDIC-insured deposits
in money market accounts and CDs,” Gerhard said.
AAA’s videos on investing in CDs and money market accounts can help consumers
understand ways each can help them create a balanced portfolio of savings to
meet different needs, including having an emergency cash cushion or avoiding
borrowing money at high interest rates to make foreseeable future purchases such
as a vehicle.
The series also stresses the importance of understanding how to “ladder” CDs
to achieve a better average return, the power of compound interest, and using
the “Rule of 72” when calculating how long it will take to double your money
on savings. The videos cover:
|
