Hanscom Federal CU Thrive account - Get something going

The sooner you begin saving, the more time your money has to grow. You might have heard this many times but kept postponing your plans to save for various reasons. It is never too late to start saving if you haven't already. Hanscom Federal Credit Union is offering 3.0% APY (they offered 6.0% APY few months back) on their CU Thrive account. This rate is valid for 12 months from the date of opening. This is one the best account to kick-start your savings habit. You can begin with as little as $5 or as much as $500 per month, which will automatically transfer from your Hanscom Federal CU checking account to your CU Thrive account. You have choice to pick how often (once a month, twice per month, every week etc) you can transfer. If you max out every month you will have $6000 that you deposited over 12 months and close to $100 interest money in your thrive account. At the end of 12 months, your CU Thrive account is closed and all the money including earned interest is automatically transferred to your primary savings account. You can open one thrive account every 12 months.

You can open membership at Hanscom Federal Credit Union if you work for one of their eligible employers, if someone in your family is already a member, or if you are an active member in Air Force Association, Burlington Players or Nashua River Watershed Association. Easy way is to have someone refer you and they offer $30 referral bonus to both you and the referrer.

This is not a life changing deal but you will have something going which will help boost your savings. The offered rate is 3 times more than what you can get at other banks on a 1 year CD or a high-yield savings accounts. Click here for their nice and detailed FAQ section. Happy savings!