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A very unique savings solution from Jax Federal…
Personal Goal Savings Certificate
- For long-term savings (3 or 5 year savings goal)
- Monthly, Semi-Monthly, Weekly or Bi-Weekly deposits
- Special Certificate rates
Consumers are spending all they earn and more, pushing the personal savings rate into negative territory according to reports from the Federal Reserve. If long-term savings has been difficult for you, we've developed a savings tool that is aimed toward making long-term goals a reality.
How does it work?
You select a target 3 or 5-year savings goal which determines an amount for a recurring deposit (Monthly, Semi-Monthly, Weekly or Bi-Weekly). As time passes, your balance grows.
Savings Chart
5 Year Certificate |
Target Balance |
Monthly |
Semi-monthly |
Bi-weekly |
Weekly |
$10,000.00 |
$167.00 |
$84.00 |
$77.00 |
$39.00 |
$5,000.00 |
$84.00 |
$42.00 |
$39.00 |
$20.00 |
$3,000.00 |
$50.00 |
$25.00 |
$23.00 |
$12.00 |
3 Year Certificate |
Target Balance |
Monthly |
Semi-monthly |
Bi-weekly |
Weekly |
$10,000.00 |
$278.00 |
$139.00 |
$129.00 |
$64.00 |
$5,000.00 |
$139.00 |
$70.00 |
$64.00 |
$32.00 |
$3,000.00 |
$83.00 |
$42.00 |
$38.00 |
$19.00 |
We want you to achieve your long- term goals. So, a penalty of 180 days interest will be incurred for early withdrawals...because this is a savings tool, remember? We want you to think twice before dipping into your account. |
