Notes that Pays More Interest!

Range Accrual Note or Index Range Notes?

Range Accrual Notes or Index Range Notes are types of bonds or notes that accrues interest if the embedded index or interest-rate option underlying the bond remains within a specified range. For example, the fairway in golf is like the index or interest rate range. The outlook is positive if the ball lands on the fairway; if a ball lands in the rough, the outlook is negative; also known as "corridor bond", "index range note", "range accrual note", or "index floater".  Source: Investopedia.

Many of the big banks now offer Indexed Cd's which are based on the same principle of index range notes. There is a good article on BankRate.com that gives a good description of Indexed Cd's.  If you regularly purchase Cd's but want more interest and you are willing to take a little more risk, an indexed CD or note maybe the way to go. UCS offers a range of Accrual Notes, Indexed Bonds and Cd's on a weekly basis. Check our financial blogs for daily offering updates or call us at 1-866-801-3359 to speak with a consultant.

Tip of the Day: Now is a great time to contribute to an IRA- Individual Retirement Account, and receive the benefits of  tax deductions, tax-free growth on earnings and, if you are eligible, non-refundable tax credits.

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