Certificates of Deposit
Certificate of Deposit
A Share Certificate of Deposit (CD) is an easy and secure way to put money aside. How long you have your certificate determines how much interest you’ll earn. You should look into the specific terms and rates that apply to each certificate before deciding to open a CD and be aware that early withdrawals carry a penalty.
- Open with as little as $1,000
- Earn dividends monthly
- Competitive rates
- No annual fees
- Flexible terms from 3 - 60 months
- Federally insured by NCUA
Youth CDs:
A Youth Certificate of Deposit (CD) is a great way to start saving for the future! Don't miss out on our Youth CD Special!
- Open with as little as $250
- Continuously add funds over the term of the CD
- Earn dividends monthly
- Competitive rates
- No annual fees
- Terms from 12 - 36 months
CDs
Effective Date: Thursday November 30, 2023
| CD Options** | APY* | Minimum Opening Balance |
|---|---|---|
| 3 Month CD | 1.25% | $1,000 |
| 6 Month CD | 1.25% | $1,000 |
| 12 Month CD | 5.00% | $1,000 |
| 18 Month CD | 1.75% | $1,000 |
| 24 Month CD | 1.75% | $1,000 |
| 36 Month CD | 2.00% | $1,000 |
| 48 Month CD | 2.25% | $1,000 |
| 60 Month CD | 2.50% | $1,000 |
| *APY = Annual Percentage Yield | ||
| **Certificates may be subject to penalty for early withdrawal. | ||
IRA CDs
Effective Date: Thursday November 30, 2023
| IRA CD Options** | APY* | Minimum Opening Balance |
|---|---|---|
| 6 Month IRA CD | 1.25% | $500 |
| 12 Month IRA CD | 1.75% | $500 |
| 24 Month IRA CD | 1.75% | $500 |
| 36 Month IRA CD | 2.00% | $500 |
| 48 Month IRA CD | 2.25% | $500 |
| 60 Month IRA CD | 2.50% | $500 |
| *APY = Annual Percentage Yield | ||
| **Certificates may be subject to penalty for early withdrawal. | ||
Youth CDs
Effective Date: Thursday November 30, 2023
| Name | APY* | Minimum Opening Balance |
|---|---|---|
| 24 or 36 Month Youth CD Special*** | 5.00% | $250 |
| 12 Month Youth CD** | 1.75% | $250 |
| 24 Month Youth CD** | 1.75% | $250 |
| 36 Month Youth CD** | 2.00% | $250 |
| *APY = Annual Percentage Yield | ||
| ** Youth CDs are available for members 18 years and under. Certificate must be opened under youth's name and SSN. The CD must have the same joint member as the savings account it is tied to. | ||
| ***APY - Annual Percentage Yield. 4.89% interest rate compounded monthly. Minimum deposit of $250. Certificate must be opened under youth's name and SSN. The CD must have the same joint member as the savings account it is tied to. Additional funds may be added to the CD at any time. Promotion may be modified or discontinued at any time. MCCU is federally insured by the NCUA. | ||