[custom_frame_left][/custom_frame_left]High school and college seniors are getting ready to graduate. And while they’re probably mostly feeling relief and excitement, if you’re a parent or loved one of one of these seniors, you’re probably thinking about their future. You might be looking for a gift that will help them financially as they face heading off to college or looking for a job. But if you’re worried that a cash gift might not be used for books, State Employees Credit Union has a couple of products that will help your graduate plan for their future.
Mastercard Gift Card
You can purchase a Mastercard gift card at SECU in any amount. They are easily replaced if lost or stolen and are easy for your graduate to use.
Shared certificates or certificates of deposit, are like a savings account, only it provides a fixed term and fixed interest rate. When the CD reaches its maturity date, the bank releases the funds, along with any accrued interest. You can open the CD as a custodian of your graduate and they can cash it in at a later date for maximum profit.
At SECU we offer a variety of options for a savings account. You can help your graduate save up for specific needs like books, a new car, or housing expenses. Our savings accounts offer competitive rates, no service charges, and quarterly dividends.