Deposit Rates
Members First Offers many 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.
- Savings Accounts
- Share Draft Checking
- Premier Business Checking
- High Yield and IRA High Yield Savings
- Tiered Super High Yield and IRA Tiered Super High Yield Savings
- Individual Retirement Accounts (IRA)
- Certificates of Deposit and IRA Certificates of Deposit
- Certificate Early Withdrawl Penalties
Rates and terms are subject to change as determined by the Board of Directors.
| Savings Accounts | |||
| Effective Date: Saturday, September 4th, 2010 | |||
| Account Type | Dividend Rate | Annual Percentage Yield | Minimum Balance |
| Regular Shares * | 0.50% | 0.50% | $5.00 |
| Kid's Club Savings * | 0.50% | 0.50% | $5.00 |
| Student Club Savings * | 0.50% | 0.50% | $5.00 |
| Christmas Club* | 0.50% | 0.50% | N/A |
| Special Savings * | 0.50% | 0.50% | N/A |
| Share Draft Checking | |||
| Effective Date: Saturday, September 4th, 2010 | |||
| Account Type | Dividend Rate | Annual Percentage Yield | Minimum Balance |
| Share Draft Checking ** | 0.10% | 0.10% | Inital Deposit must cover cost for first box of checks. ** |
| Senior Rewards Checking (Age 55 and older) | 0.00% | 0.00 - Free Checks! | N/A |
| Premier Business Checking | ||
| Effective Date: Saturday, September 4th, 2010 | ||
| Balance | Dividend Rate | Annual Percentage Yield |
| $500 - $2,499.99 | 0.15% | 0.15% |
| $2,500 - $9,999.99 | 0.40% | 0.40% |
| $10,000 and above | 0.60% | 0.60% |
| High Yield and IRA High Yield Savings | |||
| Effective Date: Saturday, September 4th, 2010 | |||
| Account Type | Dividend Rate | Annual Percentage Yield | Minimum Balance |
| High Yield Savings *** | 0.50% | 0.50% | $2,500.00 |
Back to Top
| Tiered Super High Yield and IRA Tiered Super High Yield Savings | ||
| Effective Date: Saturday, September 4th, 2010 | ||
| Balance | Dividend Rate | Annual Percentage Yield |
| $10,000.00 - $49,999.99 | 0.60% | 0.60% |
| $50,000.00 - $99,999.99 | 0.80% | 0.80% |
| $100,000.00 and higher | 1.00% | 1.00% |
| Individual Retirement Accounts (IRA) | |||
| Effective Date: Saturday, September 4th, 2010 | |||
| Account Type | Dividend Rate | Annual Percentage Yield | Minimum Balance |
| Individual retirement Account * | 0.80% | 0.80% | N/A |
Back to Top
| Certificates of Deposit and IRA Certificates of Deposit | |||
| Effective Date: Saturday, September 4th, 2010 | |||
| Terms | Interest Rate | Annual Percentage Yield | Minimum Balance |
| 6 Months†† | 0.75% | 0.75% | $1,000.00 |
| 44 Week Special† | 0.85% | 0.85% | $1,000.00 |
| 12 Months†† | 1.00% | 1.00% | $1,000.00 |
| 15 Month Special†† | 1.19% | 1.20% | $1,000.00 |
| 24 Months†† | 1.59% | 1.60% | $1,000.00 |
| 27 Months Special†† | 1.98% | 2.00% | $1,000.00 |
| 36 Months†† | 2.23% | 2.25% | $1,000.00 |
| 48 Months†† | 2.77% | 2.80% | $1,000.00 |
| 60 Months†† | 3.21% | 3.25% | $1,000.00 |
| For members 17 and under the required minimum balance on all CDs is $100.00 | |||
Back to Top
| Certificate Early Withdrawal Penalties | |
| Effective Date: Saturday, September 4th, 2010 | |
| Term | Penalty |
| 6 Months | Up to 30 days interest |
| 44 Weeks | All accrued interest |
| 12 Month | Up to 30 days interest |
| 15 Month | Up to 30 days interest |
| 24 Month | Up to 90 days interest |
| 27 Month | Up to 90 days interest |
| 36 Month | Up to 90 days interest |
| 48 Month | Up to 180 days interest |
| 60 Months | Up to 180 days interest |
*Dividends are calculated by the daily balance method and credited on the last day of each quarter.
** If your account balance falls below $100.00 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. Withdrawl 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. Withdrawl of funds from this account prior to maturity will reduce earnings. See chart for penalty information.
