Adjustable-Rate Certificate Aims AtHigher Rates Environment

Register now

SAN JOSE, Calif. - (10/08/04) -- Technology CU said it has introduceda new adjustable rate certificate account that offers members ahigher rate of return that fluctuates with rising interest rates.The new certificate is available in sixth-month and 12-monthmaturities, each adjusting on the first day of the quarter torespective indexes based on LIBOR. The certificate requires aminimum $10,000 investment and will be available to new andexisting members for a limited time.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER