NEWPORT NEWS, VA – Langley Federal Credit Union is encouraging their members to save $1,000 by Dec. 31, 2015 with the newly restructured ‘Langley Saves’ Program.
The Langley Saves Program offers a three-tiered savings structure designed to help members save money while earning special rates of return that are higher than they would normally earn on other savings accounts. The new program provides a high interest rate to all Langley Saves account holders with members earning more money on the lowest balances to help them get started. In fact, members will earn 2.02% APY on the first $1,000 in the account.
“So many people are living paycheck to paycheck these days,” stated Langley VP of Marketing Randy Saltzman. “We want to help them achieve their financial goals by giving them an above-market, high rate of return on this special savings account. Through this challenge, we want to encourage adults, kids and grandkids to get back to the savings habit that used to be a staple of life years ago. It’s designed to reward savers and help them build funds for their financial future.”
Langley FCU reported that it originally launched the Langley Saves Program in April, 2006 and was the first credit union in the country at that time to introduce the ‘Saves’ program concept to its membership.