Members First Credit Union
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Save & Invest > Deposit Rates

Deposit Rates

Members First Credit Union offers a variety of options to choose from with the most competitive rates, quality service and beneficial dividends. All savings are federally insured by the National Credit Union Administration (NCUA), a U.S. governmental agency.

Rates and terms are subject to change as determined by the Board of Directors.

Deposit Rates

Savings Accounts
Effective Date: Friday, January 20th, 2017
Account TypeDividend RateAnnual Percentage YieldMinimum Balance
Regular Shares * 0.15% 0.15% $5.00
Kid's Club* 0.15% 0.15% $5.00
Student Club* 0.15% 0.15% $5.00
Christmas Club* 0.15% 0.15% N/A
Special Savings * 0.15% 0.15% N/A
Rates are variable and may change after account is opened.

Share Draft Checking
Effective Date: Friday, January 20th, 2017
Account TypeDividend RateAnnual Percentage YieldMinimum Balance
eChecking Package** 0.05% 0.05% $1,000.00
Advantage 60 Checking Package (Age 60 and up).** 0.05% 0.05% $1,000.00

Premier Checking Rates
Effective Date: Friday, January 20th, 2017
Minimum BalanceDividend RateAnnual Percentage Yield
$1,000 - $2,499** 0.05% 0.05%
$2,500 - $9,999** 0.10% 0.10%
$10,000+** 0.15% 0.15%

High Yield and IRA High Yield Savings
Effective Date: Friday, January 20th, 2017
Account TypeDividend RateAnnual Percentage YieldMinimum Balance
High Yield Savings *** 0.20% 0.20% $2,500.00
Rates are variable and may change after account is opened.

Super High Yield and IRA Super High Yield Savings
Effective Date: Friday, January 20th, 2017
BalanceDividend RateAnnual Percentage Yield
$10,000.00 - $49,999.99 0.28% 0.28%
$50,000.00 - $99,999.99 0.31% 0.31%
$100,000.00 and higher 0.33% 0.33%
Rates are variable and may change after account is opened.
.10% APY bonus earned if you also have a MFCU Premier Checking Account.

Individual Retirement Accounts (IRA)
Effective Date: Friday, January 20th, 2017
Account TypeDividend RateAnnual Percentage YieldMinimum Balance
Individual Retirement Account * 0.15% 0.15% N/A
Rates are variable and may change after account is opened.

Certificates of Deposit and IRA Certificates of Deposit
Effective Date: Friday, January 20th, 2017
TermsInterest RateAnnual Percentage YieldMinimum Balance
6 Months†† 0.40% 0.40% $1,000.00
44 Week Special† 0.50% 0.50% $1,000.00
12 Months†† 0.55% 0.55% $1,000.00
15 Month Special†† 0.60% 0.60% $1,000.00
24 Months†† 1.00% 1.00% $1,000.00
27 Months Special†† 1.20% 1.21% $1,000.00
36 Months†† 1.40% 1.41% $1,000.00
48 Months†† 1.74% 1.75% $1,000.00
60 Months†† 1.99% 2.01% $1,000.00
For members under the age of 18 the required minimum balance on all CDs is only $100.00
.10% APY bonus earned if you also have a MFCU Premier Checking Account.

Certificate Early Withdrawal Penalties
Effective Date: Friday, January 20th, 2017
TermPenalty
6 Months Up to 90 days interest
44 Weeks Up to 90 day interest
12 Month Up to 180 days interest
15 Month Up to 180 days interest
24 Month Up to 180 days interest
27 Month Up to 180 days interest
36 Month Up to 180 days interest
48 Month Up to 180 days interest
60 Months Up to 180 days interest

Premier Business Checking
Effective Date: Friday, January 20th, 2017
BalanceDividend RateAnnual Percentage Yield
$500 - $9,999.99 0.10% 0.10%
$10,000 - $49,999.99 0.20% 0.20%
$50,000 - 249,999.99 0.25% 0.25%
$250,000 and above 0.35% 0.35%
Rates are variable and may change after account is opened.

*Dividends are calculated by the daily balance method and credited on the last day of each quarter.

** If your account balance falls below $1,000.00 any day during the dividend period, you will not earn any dividends for that day.  Dividends are calculated by the daily balance method and credited on the last day of each month.

*** Dividends are calculated by the daily balance method and credited on the last day of each month.

† Interest is calculated by the daily balance method and credited at maturity.  Fees and withdrawals of funds from this account prior to maturity will reduce earnings.  See chart for penalty information.

†† Interest is calculated by the daily balance method and credited quarterly.  Fees and withdrawals of funds from this account prior to maturity will reduce earnings.  See chart for penalty information.

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Members First Credit Union | P.O. Box 2165 | Midland, MI 48641
Phone 855-835-MFCU (6328) | mail@mfcu.net

Federally insured by NCUA.
We do business in accordance with the Fair Housing Law.