Making Your Verizon EIPP Payout Work for You

Congratulations on Your Next Chapter

Receiving your Enhanced Income Protection Plan (EIPP) buyout from Verizon is a major milestone and a powerful financial step forward. You’ve worked hard for this lump sum, and now it’s time to ensure that money works just as hard for your future.

While parking your payout in a traditional savings account might feel like the easy option, standard savings rates often fail to keep up with inflation. Leaving your payout there can quietly erode your purchasing power over time.

Two Better Ways to Grow Your Lump Sum

To keep your funds growing safely without exposure to market risks, Liberty Bay offers two high-performing, low-risk options for your buyout:

• High-Yield Savings: Keep your funds liquid and accessible while earning a competitive yield well above standard savings rates.

• CD Specials (Certificates of Deposit): Lock in a top-tier, guaranteed rate for a fixed term to maximize growth and protect your earnings against future interest rate drops.

3 Steps to Secure Your Growth Strategy

1. Assess Your Short-Term Cash Needs: Determine how much of your payout you might need within the next 6 to 12 months.

2. Consider a Hybrid Approach: Keep a portion in a High-Yield Savings account for flexibility, and put the rest into a CD Special to lock in maximum interest.

3. Speak with a Liberty Bay Financial Expert: Call us, email, or log into online banking to explore current CD special rates and transition your payout effortlessly.

We are here to help. No incentive or compensation for giving you solid advice on best practices for making your money work for you.

Want to speak to someone directly: Kelly Amato Kamato@lbcu.org - 617-694-9090 or landing page: SEGLINK

Kelly Amato

Vice President 

Business Development & Community Partnerships

Chair Community Matters

Liberty Bay Credit Union

300 Granite St, 3rd Floor  

Braintree, MA 02184-4999 

 O: Phone 617-694-9099

Due to washout conditions, we will be postponing the Cornhole Tournament to Sunday October 4th. Hopefully mother nature will comply and give us a break this year! If anyone who paid already and can't attend, we will gladly refund your fees. We hope to see everyone there in a couple weeks!!! TY!!!

Join us in our 8th Annual Cornhole Tournament to benefit the IBEW Local 2322 Benevolent Fund. We support local charities and the local community throughout the year as well as our members facing hardships.

This is a fun day out in the Pines at the Lafayette Club in Taunton, MA. Rain or Shine - will be held indoors if the weather is not favorable. Please reach out to purchase tickets in advance. $30 per person to play. If you don't want to compete, it's OK.. join us for some food and raffles.

Band starts at 3 after festivities are over.

**This is a charity event - not a professional tournament**

Click here to Buy Tickets

Enter our 50/50 Raffle!  Drawing will take place at the Annual Charity Cornhole Tournament on 10/4/2026. Need not be present to win!

https://www.paypal.com/ncp/payment/YH39A2EPBCPG2

Retirement Planning For Verizon IBEW Members

September 16, 6:00 PM

Clink below to register:

Liberty Bay Credit Union Welcomes IBEW Local 2322 Members

For more information, click on the picture or link below to access benefits for Local 2322 members.

https://info.lbcu.org/save-more-with-ibew-2322-benefits

If you are a Local 2322 member and already belong to Liberty Bay Credit Union, please scan the QR code below to be coded as Local 2322 in their system for added benefits when facing hardships like strike etc.  

If anyone has questions or would like to discuss their individual circumstances one-on-one, please contact Kelly Amato directly. 

Scan if you are an existing Liberty Bay CU member and of Local 2322