Everest Federal Credit Union (EFCU), a leading financial institution serving the Nepali community in the U.S., is excited to introduce a limited-time opportunity for its members. EFCU is offering a 5% interest rate on 6-month and 12-month Certificates of Deposit (CDs), making it one of the most attractive savings products currently available in the market.
High-Yield CD Promotion: Details You Need to Know
For a limited time, Everest Federal Credit Union is offering special interest rates on both 6-month and 12-month CDs, allowing members to earn more on their savings. Here’s a breakdown of the rates:
- 6-Month CD:
- Deposits between $5,000 and $100,000: Earn a 5% interest rate during the promotional period.
- Deposits over $100,000: Receive an interest rate of 2.5% during the promotion.
- After the promotional period ends, the interest rate will revert to 1.5% for both tiers.
- 12-Month CD:
- Deposits between $5,000 and $100,000: Lock in a 5% interest rate for the entire year.
- Deposits over $100,000: Earn 2.5% interest during the promotional period.
- Post-promotion, the rate will adjust to 1.9% for all deposit amounts.
This exclusive offer is available only until Everest Federal Credit Union reaches $1 million in total CD deposits. Once this cap is reached, the promotion will end, so members are encouraged to take advantage of these competitive rates as soon as possible.
Why Choose Everest Federal Credit Union?
EFCU’s special CD rates are designed to provide members with a secure, high-yield savings option. Certificates of Deposit offer the following advantages:
- Fixed, Guaranteed Returns: With a fixed rate, members know exactly how much they will earn by the end of the term, providing stability and peace of mind.
- Federally Insured: Deposits are insured by the National Credit Union Administration (NCUA) up to $250,000, ensuring your money is safe.
- Low-Risk Investment: CDs are one of the safest ways to grow your savings, making them ideal for individuals seeking financial security with steady returns.
With this limited-time offer, Everest Federal Credit Union is helping its members maximize their savings potential in a low-risk, high-reward environment.
Future Products and Services on the Horizon
Everest Federal Credit Union is continuously expanding its range of financial products and services to better serve the needs of its members. In addition to the current savings options, EFCU has exciting new products planned for the near future, including:
- Business Loans: Small business members will soon be able to access business loans of up to $50,000 to help grow their operations and meet their financial needs.
- Remittance Services: Members will soon be able to send money instantly to loved ones in Nepal and other countries, making cross-border transactions easier and more affordable.
- Real Estate Loans and Other Products: EFCU is working on launching real estate loans and additional products to further support its members’ financial goals.
Furthermore, EFCU is set to launch a brand-new account opening portal in November 2024, revolutionizing the member onboarding experience. This portal will make it faster and more convenient than ever to join Everest Federal Credit Union and open accounts.
Upcoming 3rd Annual General Meeting
Everest Federal Credit Union invites its members to attend the 3rd Annual General Meeting, which will take place on November 16th, 2024, in Ohio. This meeting is an opportunity for members to connect with the leadership team, learn about the credit union’s achievements over the past year, and hear exciting announcements about future initiatives. Members are encouraged to participate in this important event and help shape the future of their credit union.
A Community-Focused Financial Institution
Everest Federal Credit Union is proud to be the first and only financial institution in the United States established specifically for the Nepali community. Founded in 2018 to meet the unique financial needs of Nepali immigrants and their families, EFCU is dedicated to providing personalized service and innovative financial products. The credit union’s mission is to empower its members to achieve financial well-being through trusted, value-driven services.
“We are thrilled to offer this 5% CD promotion to our members as part of our ongoing commitment to helping them grow their savings and achieve their financial goals,” said a representative from Everest Federal Credit Union. “Our community focus allows us to deliver exceptional products and services that truly benefit our members.”
Take Action: Limited-Time Offer
With a total deposit limit of $1 million across all CDs, this promotion will only be available for a short period. Members and prospective members are encouraged to open an account and secure their 5% interest rate while it lasts.