Catholic Savings Funds
Good Returns. Great Rewards.
Parish leadership has many decisions to make about the stewardship of parish funds.
- How long should our money be invested?
- Where can we invest it?
- When will we need it?
- How safe are the investments we are making?
- Can we get access to our funds when we need them?
All of these questions are important considerations a pastor and finance council must make.
The Catholic Community Foundation’s new Catholic Savings Fund provides a flexible short-term investment option that is superior to a bank savings account, CD or stocks and bonds.
Your parish gets a competitive interest rate with immediate access to your funds should your investment criteria change — and, with no market fluctuations.
The Catholic Savings Fund Provides
The Catholic Savings Fund Provides:
- Easy Access to your funds — Fully liquid.
- A Great Rate — 1.25% Annualized rate1
- Principal Protection — You will never lose your principal or interest earned. Even in a down market.
- The parish remains the owner of the funds.
- Anytime online access to your fund balance and statements.
1The rate of the Catholic Savings Fund is currently 1.25% per annum for the initial six (6) months. The fund’s rate can change quarterly thereafter.
I’m required to be a good steward of my parish’s funds. Part of that responsibility is finding safe investments, which the Catholic Savings Fund provides.
Fueling the Church's Mission
When your parish invests in a Catholic Saving Fund with the Catholic Community Foundation, you are creating a partnership that not only helps your parish but the entire Diocesan Church. CCF helps meet the needs of the entire Diocese and fulfill Bishop’s priorities.
|Investment Option||Guaranteed Rate||Principal Protected||Interest Rate||Liquidity|
|Catholic Savings Fund||Yes||Yes||1.25%||Yes|
|Bank Savings||Yes||Yes||0.10 - .30%||Yes|
|Bank CD (1yr, 2yr or longer)||Yes||Yes||0.05 - 1.15%||No|
|Stocks & Bonds||No||No||Market||Yes|
The rate of the Catholic Savings Fund is currently set at 0.75% per year.
The Catholic Community Foundation provides parishes with a multitude of investments options depending on the level of risk and length of investment timeline. Contact us at 602.354.2400 to learn more.