Church Extension Fund - Michigan Distric of the Lutheran Church Synod
CEF StoryInvestment ProductsNewsRatesLoansCEF DirectCEF RepskidstooContact CEF
  In the Spotlight

Back to Investment Products page
ExtensionPlus Accounts
 Dedicated Savings
 Fixed Rate Notes
 Variable Rate Notes
Growth Notes
 Step-Up Rate Notes
 Individual Retirement Accounts (IRAs)
 Coverdell Education Savings Accounts
 Savings Stamp Programs

Downloadable Forms & Literature



Savings Plans

The Church Extension Fund has various savings and investment
opportunities for members of the Michigan District.

InvestFlex Fixed Rate 2+2 Notes    view current rates          back to top

  • Make 2 additions or 2 redemptions to the Note without penalty (without going below your original investment).
  • Low $2,500 minimum initial investment.
  • 17-month maturity.

ExtensionPlus Accounts       view current rates          back to top

  • Allows immediate access to your money.
  • Includes the convenience of writing checks ($250 minimum) plus the option of a VISA® CheckCard for retail purchases and ATM cash withdrawals.
  • $100 minimum investment and $100 minimum balance required.
  • Interest rate based on account balance.
  • Additions may be made automatically through ACT. Call for details.

Find out more!

Dedicated Savings         view current rates          back to top

  • Permits additions and redemptions at any time.
  • Open with only a $5 minimum investment.
  • Move money in or out anytime through Automatic Cash Transfer. (ACT), or
    Call-Redemption service.

Fixed Rate Notes    view current rates          back to top

  • Choose your own exact maturity date from 3 to 60 months.
  • $500 minimum investment: Interest rate fixed for length of term.

Variable Rate Notes       view current rates          back to top

  • $500 minimum investment; terms of 1, 2 1/2 or 5-years.
  • Interest rate adjusts quarterly.
  • $100 minimum addition any time while maintaining the same maturity date. Additions may be made automatically through ACT. Call for details.

Growth Notes      view current rates          back to top

  • Ideal way to save for significant lifetime events.
  • 6 to 20-year terms available.
  • Interest fixed and compounded until maturity.
  • Minimum investment is amount required to reach $1,000 at maturity.

Step-up Rate Notes       view current rates          back to top

  • Combines easy cash access with attractive interest.
  • Offers no-penalty access to investments every six months.
  • Interest rate steps up to a higher percentage every six months.
  • 24 month term; $500 minimum investment.

Individual Retirement Accounts (IRAs)          back to top

  • Choose from many of the CEF's investment plans to open your CEF Traditional and Roth IRA Accounts.
  • IRAs provide tax-advantaged savings.
  • You may also “rollover” or transfer an existing IRA or Qualified Retirement Plan into a CEF plan. Call for details

Find out more!

Coverdell Education Savings Accounts          back to top

  • Formerly known as Education IRAs.
  • Anyone may contribute (parent, grand-parent, friend).
  • Savings Accounts may be used for primary, secondary or college education.

Find out more!

Savings Stamp Programs          back to top

  • Available for day-school and Sunday school children to learn how to save for the Lord’s work and for themselves.
  • 25-cent and one-dollar Savings Stamps accumulate to open their Dedicated Savings in the child’s name.

 

This website and the material provided in it are not an offer to sell or a solicitation of an offer to buy CEF securities. The offering of CEF securities is made solely by our Offering Circular. CEF will offer and sell our securities only in states where authorized. The securities are subject to certain risk factors as described in our Offering Circular. CEF investments are not insured by the FDIC, SIPC, or any other governmental agency.

 
 
 
SitemapPrivacy and Security