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Business Savings

Take advantage of all of the business savings options to fit the needs of your business!

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Save smarter for the future of your business.

At Members First, we understand the importance of empowering business leaders and creators, so they can confidently do what they love while their businesses prosper. That’s why we offer a variety of business savings accounts with great rates, so you can easily save for future endeavors.

Savings Account

Opening a savings account is super easy! Stop by a branch to get started. You will need $5 to establish your membership to open the account.

Business Savings Accounts
Effective Date: Thursday, May 30th, 2024
Please contact us or stop into a branch to verify the current rate.
Account TypeDividend RateAnnual Percentage YieldMinimum Balance
Regular Shares * 0.25% 0.25% $5.00
Special Savings * 0.25% 0.25% N/A
*Dividends are calculated by the daily balance method and credited on the last day of each quarter.
Rates are variable and may change after account is opened.
Rates and terms are subject to change as determined by the Board of Directors.

Money Market Account

If you’re looking to accelerate your business savings, our Money Market Account can help you reach your savings goals faster, whatever they may be.

Like a savings account, our Money Market Account pays interest and is insured by the National Credit Union Administration (NCUA). You can make deposits anytime and have flexible access to your money whenever your business needs it. The difference is that this account lets you write checks.

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No minimum opening balance.

money

No minimum balance.

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No monthly service charge.

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No early withdrawal penalty.

Money Market Account
Effective Date: Thursday, May 30th, 2024
Please contact us or stop into a branch to verify the current rate.
BalanceAnnual Percentage Yield
$0 - $500.00 4.00%
$500.01 - $1,000.00 1.75%
$1,000.01 - $10,000.00 0.55%
$10,000.01 - $25,000.00 1.01%
$25,000.01 - $50,000.00 1.26%
$50,000.01 - $100,000.00 1.51%
$100,000.01 - $200,000.00 1.76%
$200,000.01 + 2.02%
Dividends are determined based on a tiered rate method. This means that the interest rate paid on the entire balance in your money market account will be determined by the tier in which your current balance resides. Dividends are calculated by the daily balance method and credited on the last day of each month. Rates are variable and may change after the account is opened.
Savings Calculators

Open a Money Market Account

Call or contact us or stop by a branch, or schedule an appointment.

Certificates of Deposit (CDs)

A CD (Certificate of Deposit) is a simple and secure way to invest money in the form of a time deposit. It has a low minimum deposit of $500 and has short and long term options with competitive rates. The money must stay in the account for a certain length of time to earn the promised return. There is no risk in losing your initial deposit and you will gain money with your investment, as long as you keep it open until maturity. A CD generally earns more interest than a regular savings account. 

Certificates of Deposit
Effective Date: Thursday, May 30th, 2024
Please contact us or stop into a branch to verify the current rate.
TermsInterest RateAnnual Percentage YieldMinimum Opening Deposit
6 Months 5.13% 5.25% $500.00
9 Months 4.89% 5.00% $500.00
12 Months 4.89% 5.00% $500.00
15 Months 4.41% 4.50% $500.00
24 Months 3.44% 3.50% $500.00
27 Months 3.44% 3.50% $500.00
36 Months 3.25% 3.30% $500.00
48 Months 3.25% 3.30% $500.00
60 Months 3.44% 3.50% $500.00
For members under the age of 18 the required minimum balance on all CDs is only $100.00. Bonus of .10% APY earned if you also have a MFCU Premier Checking Account. A penalty may be assessed for early withdrawals. Fees and withdrawals of funds from this account prior to maturity will reduce earning.

Open a Certificate of Deposit

Stop by your local branch, give us a call at 855.835.6328, or schedule an appointment.

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