Savings and Checking Rates

//Savings and Checking Rates
Savings and Checking Rates 2019-06-12T17:23:44+00:00

Savings Rate as of April 1, 2019.

Savings Accounts

Savings AccountsDividend RateAnnual Percentage Yield (APY)Minimum Balance to OpenMinimum Daily Balance to Earn the Stated APY
Regular Share.06%.06%$15.00$100.00
Christmas Club*.06%.06%No minimum$100.00
Christmas Club Max*.20%.20%No minimum$100.00
A $3.00 monthly service fee is assessed if the balance falls below $15.00. Account transfer limitations apply. *A Regular Share Account is required.

 

Growing Tree Savings Accounts

Min/Max BalanceDividend RateAPY*
$5 - $100.05%.05%
$101 - $350.05%.05%
$351 - $500.05%.05%
$501 - $1,000.05%.05%
$1001 - Greater.05%.05%
For children thru age 18. Tiered account. Minimum balance to open is $5.00. Balance must be maintained to earn the disclosed annual percentage yield. Corresponding balances and rates listed above. Account transfer limitations apply. Account will convert into a Regular Share Savings account at age 19.

 

Checking Accounts

Checking AccountsDividend RateAnnual Percentage Yield (APY)*Minimum Balance to OpenMinimum Daily Balance to Earn the Stated APY
Checking/Share Draft.01%.01%Cost of checks/drafts*$1,000.00
Checkless Checking.01%.01%None**$1,000.00
Business Checking.01%.01%Cost of checks/drafts*$1,000.00
*For Checking/Share Drafte and Business Checking Accounts the minimum balance to open the account is the total cost of checks/drafts purchased.
**No minimum balance required. A Regular Share Savings Account is required for each account. accounts are subject to minimum balance fees.

 

Money Tree Savings Accounts

Min/Max BalanceDividend RateAnnual Percentage Yield (APY)*
$2,000 - $10,000.09%.09%
$10,001 - $25,000.12%.12%
$25,001 - $50,000.14%.14%
$50,001 - $75,000.15%.15%
$75,001 - Greater.15%.15%
Tiered Accounts. Daily minimum balance of $2,000.00 is required to earn the disclosed annual percentage yield. Balances and rates are listed above. Transaction limitations apply. A Regular Share Savings Account is required. *Must have a MCU Option Card and Checking Account for Money Tree Max.

 

Money Tree MAX Account*

Min/Max BalanceDividend RateAPY*
$50,000 - $75,000.15%.15%
$75,001 - $100,000.17%.17%
$100,001 - $125,000.20%.20%
$125,001 - Greater.30%.30%
Tiered Accounts. Daily minimum balance of $2,000.00 is required to earn the disclosed annual percentage yield. Balances and rates are listed above. Transaction limitations apply. A Regular Share Savings Account is required. *Must have a MCU Option Card and Checking Account for Money Tree Max.

 

Retirement Tree - Individual Retirement Share (IRA) Account

Min/Max BalanceNominal RateAPY*
$100 - $10,0000.10%0.10%
$10,001 - $30,0000.15%0.15%
$30,001 - $50,0000.20%0.20%
$50,001 - $70,0000.30%0.30%
$70,001 - Greater0.35%0.35%
Tiered Account. A Regular Savings account is required. Minimum balance required to open and earn the annual percentage yield is $100.00. Account transfer limitations apply. A $25.00 fee is charged for each withdrawal, direct transfer or rollover completed before the age of 59 1/2.

 

IRA Share Certificates

TermNominal RateAPY*
1 Year.20%.20%
2 Year.50%.50%
3 Year.85%.85%
4 Year1.00%1.00%
5 Year1.25%1.26%
IRA Share Certificates are fixed-rate accounts. Funds are available for withdrawal within the 10-day grace period with no penalty. Early withdrawal penalties apply. a Regular Share Savings Account is required. *Rates on the 2-year Jump-Up Certificate can be changed once during the term.

 

Share Certificates

TermNominal RateAPY*Minimum Balance to Open and Earn Stated APY
3 Month.10%.10%$500.00
6 Month.15%.15%$500.00
1 Year.20%.20%$500.00
18 Month.25%.25%$500.00
2 Year.50%.50%$500.00
3 Year.85%.85%$500.00
4 Year1.00%1.00%$500.00
5 Year1.25%1.26%$500.00
Share Certificates are fixed-rate accounts. Additional deposits are not allowed after opening. Early withdrawal penalties are equal to 90 days of dividends or a minimum of $25.00, whichever is greater. There is a 10-day grace period for renewal or withdrawal without penalty. Share Certificates closed within the 10-day grace period with receive no dividends. *Rates on the 2-year Jump-Up Certificate can be changed once during the term.

 

For a printable savings rate sheet, please click here.

Cash withdrawals of over $20,000.00 require advance notice.

***APY means Annual Percentage Yield. Please refer to the Truth-in-Savings Disclosure and Fee Schedule for additional information. This Credit Union is federally insured by the National Credit Union Administration (NCUA).

***Both the dividend rate and the annual percentage yield are subject to change each dividend period. Dividends are compounded and credited monthly.

***IRA Certificates and Share Certificates are fixed with a specified maturity. Dividends are compounded and credited quarterly. The dividend rate remains the same throughout the term.