Give Your Savings a Year-End Boost
As the year comes to a close, it’s a great time to check in on your financial goals and look for ways to strengthen your savings. Whether you’re building an emergency fund, preparing for a major purchase, or simply trying to make the most of your money, a few smart steps now can help you start the new year on stronger financial footing.
At First New York Federal Credit Union, we believe saving should be simple, rewarding, and built around your goals.
Start with a Quick Financial Check-In
Before the holiday season kicks into high gear, take a few minutes to review where you stand.
Ask yourself:
- Have I reached my savings goals for this year?
- Do I have an emergency fund for unexpected expenses?
- Am I saving for something specific in 2027?
- Is my money earning as much as it should be?
Knowing the answers can help you identify opportunities to save more effectively before the year ends.
Make Your Savings Work Harder
As you review your savings, it may also be a good time to consider whether your money is earning as much as it could. While keeping some funds easily accessible is important, money you don’t plan t use right away may have the opportunity to earn more.
That’s where the Share Certificates can be a valuable savings tool. With a Share Certificate, your money earns a fixed rate for a set term, providing a secure and predictable way to grow your savings.
New Share Certificate Rates are here!
Right now, at First New York Federal Credit Union, we are offering:
- 4.25% APY* on a 9-Month Share Certificate
- 4.25% APY* on a 24-Month Share Certificate
If you are looking for a way to give your savings a year-end boost, these special rates can help your money work harder while providing the confidence of a guaranteed return.
Whether you’re saving for a future purchase, building financial security, or planning ahead for the new year, now may be a great time to consider locking in one of these limited-time rates.
Look for Small Ways to Save More
Giving your savings a boost doesn’t always require a major lifestyle change. Small adjustments can make a meaningful difference.
Consider:
- Setting up an automatic transfer to savings, which can be done in the My First New York app under ‘My Transfers & Payments’
- Depositing part of a year-end bonus or extra income
- Reducing unnecessary subscriptions
- Creating a holiday spending budget before Black Friday shopping
Even modest contributions can add up over time and help build positive financial habits.
Build or Strengthen Your Emergency Fund
Life is full of surprises, and an emergency fund can help you handle them with confidence. A dedicated savings account can help cover expenses like:
- Vehicle repairs
- Medial bills
- Home maintenance
- Unexpected travel
Having money set aside can reduce financial stress and help you avoid relying on high-interest debt when the unexpected happens.
Finish the Year Strong
Everyone’s savings journey looks a little different. Whether you’re setting aside regularly, building an emergency fund, or exploring new ways to grow your savings, choosing what works best for your goals can help you feel more prepared for the year ahead.
*Annual Percentage Yield (APY) assumes principal and dividends remain on deposit for the full Share Certificate term. Dividends are compounded monthly. A penalty may be imposed for early withdrawal. Fees may reduce earnings. Rates are set weekly and may change daily at the credit union’s discretion. Share Certificates automatically renew for the same term as originally opened. Minimum deposits are $2,500 for 9-month Share Certificates and $500 for all other terms. IRA eligibility excludes 3-month and 9-month Share Certificates. Renewal rates are based on the published Share Certificate rate, excluding special offers, for the term closest to but not exceeding the original certificate term.