Have you looked recently at what banks are offering individual investors using CD’s? I did some research and the results are amazing. I found a bank that pays 2.4% on a 12-month CD. The only bad point is that you have to invest $25,000 to get that rate. Rates ranged from 2.4% all the way down to 0.01%. If you invested $25,000 at 2.4%, your return in 12 months would be $600. If you invested $25,000 at 0.01% your return would be $2.50.
These numbers are amazing. The Virginia United Methodist Development Company invests your money in United Methodist Churches. We loan the money to our churches so they can add on, refurbish or re-finance a loan. The return on a 12 month Certificate is 2.7% and goes up to 3.4%, if you invest in a 60 month Certificate. The minimum is only $1,000, not $25,000. Compare these rates to Bank Rates and you will be helping our United Methodist Churches at the same time.
Let’s use $25,000 as the amount invested, remembering that we start at $1000. $25,000 invested with the bank that pays 2.4% would return $600 in 12 months. Now had you invested with DevCo, your $25,000 would give you $875 for 12 months and $4250 for 60 months. Compare this amount to the Bank who offers you 0.01% where your return would be $2.50. This translates into $4237.50 additional earnings on a 60 month Certificate, a 340% increase from Bank rates.
Investing with the United Methodist Development Company is not only a smart move and wise stewardship, it helps other United Methodist Churches.
For more information about the Virginia United Methodist Development Company contact:
Ted Soto – 804-521-1122
Randy Shelton – 804-521-1151
Tommy Herndon – 804-521-1157