Everyone has a different plan for when they retire, but one thing we all have in common is a savings strategy. Start by deciding how you want to live in retirement so you know how much you should save. Then create a savings plan that's focused on your individual goals.
Once you have a plan mapped out, determine if you're on track to reaching your dream retirement lifestyle. Use our tool to see how you compare to others like you.
Now it's time to make your money work hard for you. Take a look at some of our suggested product offerings to see which ones fit your goals.
Our Online Savings account doesn't have monthly maintenance fees, so you can reach your goal – no matter how much you're saving. You also get the advantage of daily compounding interest, so your balance can grow faster. Plus, we offer great rates that are consistently among the most competitive.
Keep in mind that our rates are variable and may change after the account is opened. Fees may also reduce earnings.
Our High Yield CD is a great way to maximize your savings strategy. We offer flexible terms to help your money grow faster. Our CD ladder tool can also teach you how to combine long-term earnings with more frequent access to a portion of your money. Plus, we offer great rates that are consistently among the most competitive.
Keep in mind that you'll pay a penalty if you make an early withdrawal.
Our IRA Raise Your Rate CD is a great option for your portfolio as you near retirement. We offer you a great rate, plus you can increase your rate once over the 2-year term or twice over the 4-year term if our rate on your term and balance tier goes up. Also, you can choose between a Roth, Traditional and SEP plan to help you meet your personal retirement goals.
Keep in mind that an early withdrawal penalty may apply. Also, an additional IRA tax may apply. Please consult your tax professional.
You could be covered for more than $250,000 with a combination of accounts. See how you can make the most of your Beverly Finance insurance coverage.
Try naming your accounts to match your savings goal. This can help you remember what you're saving for while keeping your eye on the prize.
