The convenience of mobile banking has transformed the way we manage our finances. From the ability to check your account balance in real-time, to freezing your card, changing your PIN, and even depositing checks, these everyday banking tasks can be easily managed anytime, anywhere.
What’s better than payday? How about having access to your paycheck earlier than most everyone else. We process your direct deposit as soon as we get the notification from your employer, which means an early payday for many members - sometimes two days earlier than usual, depending on your employer. Early payday is one of the many account perks Logix members have always had. We never even advertised it because, frankly, it is the right thing to do! But now that a whole slew of financial institutions are adding this as a perk and talking about it like it is something special, or even worth paying extra for, we wanted to let you know that this is a benefit of your Logix checking account to enjoy, just like the many other built-in luxuries that other financial institutions seem to think are revolutionary.
Retiring is a destination, and while there are many ways to get there, investing in a share savings, Money Market Account (MMA), or certificate-based Individual Retirement Account (IRA) is one of the most common because of its relative comfort and lack of, well… turbulence. Specifically, market turbulence. A share savings, MMA, or certificate-based IRA journey to retirement begins with a steady, predictable ascent, then a smooth flight without the uncertainty of market fluctuations. There are little perks along the way, like significant tax benefits and additional federal insurance. And, of course, a perfect landing in retirement. By saving for retirement with a Logix IRA, you can accumulate funds and be prepared for a financially secure future.
Let's explore some of the benefits of investing in an IRA.
We’d like to introduce you to compound interest. It’s a simple principle that works consistently in practice. When you invest, your investment starts to earn money. Then the gains it accumulates also start to earn money and your initial investment can snowball very quickly.
Recent research from the Filene Research Institute, a thought leader in the Credit Union Movement, has revealed that “more than half of Americans revolve on their credit balances, deflating their credit scores and depleting their savings, especially when they prolong their indebtedness by making smaller monthly payments than they could.”
