- Personal
Here, Your Money Means More
We encounter a lot of financial jargon in our everyday lives: Net Worth. Account Balance. Return on Investment. What if these terms actually meant something more, something beyond the acronyms, spreadsheets and zeros in your account? Here at Grow Financial, we define money differently. Because when you put people first, money takes on a whole new meaning.
Come back each month for an interactive word search highlighting the deeper meaning behind common financial terms.
Interest Rate
An interest rate is really just the price of money — what you pay when you borrow and what you earn when you save. For many financial institutions, that number is set to do one job: return a profit to stockholders.
But interest means something else, too. It’s what you pay attention to, a measure of how much something matters to you and the growth that can follow.
We’re a credit union, so for us, those two definitions are the same. We don’t answer to outside investors. We answer to our members. That shapes how we think about every rate we set and who it’s meant to serve.
Explore Helpful Resources
Understanding Compound Interest
Even if your retirement is still decades away, saving should be a priority. Why? When it comes to maximizing your dollar, time really is money. That’s why you need to understand compound interest.
Consolidating High-Interest Debt
If you’re stuck in a debt cycle, it can feel like you’re bailing out a sinking boat with a small bucket — paying just enough to get by but not seeing real progress. We can help you stop sinking and get on the path toward living debt-free.
Simple vs. Compound Interest Calculator
You want to earn as much interest as possible on your savings but not pay more than you have to when you borrow. One of the biggest factors in both is whether you’re accruing simple or compound interest.
Find the “More” Behind the Term
When you bank with Grow, Interest Rate isn’t just a financial term. It’s more. Search for the words that give it meaning beyond money. To play, click, tap or drag across letters to connect a word.
Search For:
- Care
- Attention
- Curious
- Listen
- Learn
- Passion
- Engage
- Notice
Ready to Experience the Credit Union Difference?
As a local credit union, we focus on making things grow — people, communities, money and dreams.
Ready to experience what credit union memberships are all about?1A penalty will be imposed for early withdrawal.
2This calculator is intended for informational purposes only and is not a guarantee of investment earnings.
