Sponsored content by Navy Federal Credit Union.
This summer marks the 250th anniversary of the United States of America and nationwide people are coming together to celebrate with exciting events and patriotic deals. This is a great time to take advantage of summer offers and strengthen your financial portfolio, from cash bonuses to savings to learning how to detect AI scams.
1. Get a $250 cash bonus
National holidays tend to bring about great opportunities for savings. Navy Federal Credit Union is offering a boost with a $250 bonus and the chance to earn up to 2% cash back on all purchases with a cashRewards Plus or cashRewards credit card when you spend $2,500 within 90 days of opening your account.
You can also take advantage of balance transfer deals. When you transfer your non-Navy Federal balance to a cashRewards Plus or a cashRewards credit card within your first 60 days, you can get a 1.99% APR on that transferred balance for 12 months followed by a variable APR. Bonus: no transfer fees. This is a great way to tackle that debt.
There’s no better time to get your finances that much stronger than right now!
2. Use those long hours of daylight for a home improvement project
Homeownership can be a lot of work, but there’s something to be said for taking pride in a DIY project (and saving some cash in the bargain). Longer hours of daylight mean extra time to work on that deck or garden project (and summer savings opportunities don’t hurt either!). With a card that offers cash back during a time when holiday deals are being offered at most home improvement stores, this is a great season for upgrading your home, whether it’s your dream house, a starter home, or an investment.
And if you’ve been hit with a surprise project that requires renovation immediately, Navy Federal offers a Home Equity Line of Credit that lets you borrow funds as needed, up to a set maximum credit limit, using your home as collateral—and you only have to repay the funds you use.
3. Learn how to spot and avoid AI scams
AI scams are getting more and more convincing every day. Take a few minutes to learn what it takes to protect your money and personal information. Navy Federal Credit Union has created a guide to help you and your family learn how to recognize fake videos, clone voices, and plausible messages that are scams.
When scammers have the ability to look and sound like people and companies you trust, it’s easy to fall for their traps. Familiarizing yourself with the evolving technology and schemes can help you protect yourself. A good rule to follow is to slow down, verify who you are talking to, and never click links in unexpected messages—or even links from friends and loved ones when the message seems a little off (or too good to be true).
Check out the Navy Federal guide and share with your loved ones.
4. Start a new savings project
Whether you choose a certificate, money market, or even a standard savings account, your finances will be stronger and more robust the more you save, especially if you partner with a trusted brand like Navy Federal, which offers competitive rates to help you get better returns for your buck.
With digital banking and 24/7 access to stateside member reps, you can conveniently manage your money anytime, anywhere. Here are a few tips to make your savings a strong habit and build your portfolio faster:
- Set up automatic transfers so you stay consistent with your investments
- Manage multiple goals with separate balances and timelines
- Monitor your progress and stay aware of how your money is growing
5. Save money on travel and enjoy local summer events
Part of your financial readiness means knowing what is practical within your budget. A trip to the tropics might not be feasible this season, but that doesn’t mean you and your family can’t have an amazing summer with local events.
Check out your library, park service, or city planning for summer programming; from outdoor movie nights to live music to craft events for kiddos, there are tons of opportunities to be found in your local community. America250 organizers are hosting BBQs, pool parties, and amazing events across the country. There’s something for everyone — no need to blow your budget.
And remember, Navy Federal Credit Union remains committed to helping America’s veterans, service members, and military families now and always. Have a happy and safe summer season!
Navy Federal Credit Union is federally insured by NCUA Equal Housing Lender.
This content is intended to provide general information and should not be considered legal, tax, or financial advice. It is always a good idea to consult a tax or financial advisor for specific information on how certain laws apply to your situation and about your individual financial situation.
