Savings and Checking Rates
AMIgem03
2022-09-07T17:44:13+00:00
Savings Rate as of September 1, 2022.
Savings Accounts
| Savings Accounts | Dividend Rate | Annual Percentage Yield (APY) | Minimum Balance to Open | Minimum 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 Balance | Dividend Rate | APY* |
| $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 Accounts | Dividend Rate | Annual Percentage Yield (APY)* | Minimum Balance to Open | Minimum 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 Balance | Dividend Rate | Annual Percentage Yield (APY)* |
| $2,000 - $10,000 | .12% | .12% |
| $10,001 - $25,000 | .15% | .15% |
| $25,001 - $50,000 | .18% | .18% |
| $50,001 - $75,000 | .20% | .20% |
| $75,001 - Greater | .25% | .25% |
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 Balance | Dividend Rate | APY* |
| $50,000 - $75,000 | .25% | .25% |
| $75,001 - $100,000 | .30% | .30% |
| $100,001 - $125,000 | .35% | .35% |
| $125,001 - Greater | .40% | .40% |
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 Balance | Nominal Rate | APY* |
| $100 - $10,000 | 0.15% | 0.15% |
| $10,001 - $30,000 | 0.20% | 0.20% |
| $30,001 - $50,000 | 0.30% | 0.30% |
| $50,001 - $70,000 | 0.40% | 0.40% |
| $70,001 - Greater | 0.50% | 0.50% |
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
| Term | Nominal Rate | APY* |
| 1 Year | .20% | .20% |
| 2 Year | .50% | .50% |
| 3 Year | .85% | .85% |
| 4 Year | 1.00% | 1.00% |
| 5 Year | 1.25% | 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
| Term | Nominal Rate | APY* | Minimum Balance to Open and Earn Stated APY |
| 3 Month | .25% | .10% | $500.00 |
| 6 Month | .50% | .25% | $500.00 |
| 1 Year | 1.25% | 1.25% | $500.00 |
| 18 Month | 1.75% | 1.75% | $500.00 |
| 2 Year | 2.25% | 2.25%* | $500.00 |
| 3 Year | 1.50% | 1.50% | $500.00 |
| 4 Year | 1.55% | 1.55% | $500.00 |
| 5 Year | 1.60% | 1.60% | $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.
