In order to help stimulate the economy, interest rates are being held down to historic levels, and in this low rate environment many of our clients remain unsure what to do with their savings.  Do we keep it in a money market or savings account and wait until rates rise a little, or should we invest in a longer term Certificate of Deposit to get greater yield in the meantime? 

These are tough questions and there are no clear-cut answers.  A lot will depend on the national and world economies, on actions of the government and bank regulators, and other forces which are not in the control of The Victory Bank or any of our clients.

To help our clients solve this dilemma, we have created the  "Pick a Term Bump Up CD," a type of product that allows our clients to invest in a CD of at least 24 months (or greater), and grants them one option to increase the interest rate one time during the life of the CD if rates on CD's of that duration have gone up.  Please note that the rates being paid on CD's by The Victory Bank are already relatively high as compared with other institutions, but if the market changes and rates go up, clients who choose the bump-up option will have the opportunity to take advantage of the increase.

This offer has been very popular with our existing clients who are trying to decide what to do for the future, so make sure you take some time to sit down with us to discuss your options, and feel free to give us a call during regular business hours.  You won't ever get a voice mail because we answer the telephone in person and try to meet your needs right away.  Thanks!