Business Savings
Savings Accounts
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.
| Account Type | Dividend Rate | Annual Percentage Yield | Minimum 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. | |||
High Yield Accounts
High Yield Accounts require a higher minimum balance than a traditional savings account but may be able to earn more depending on the balance in the account. They offer a higher rate of return and you can deposit to them at any time. High Yield Accounts have unlimited in-person transactions and six electronic withdrawals per month.
Open a High Yield Account
Please stop by your local branch or give us a call at 855.835.6328 so that we can verify your information and get this created for you! The minimum balance to earn interest is $1,000.
| Balance | Dividend Rate | Annual Percentage Yield |
|---|---|---|
| $0 - $999.99 | N/A | N/A |
| $1,000 - $4,999.99 | 0.50% | 0.50% |
| $5,000 - $9,999.99 | 0.55% | 0.55% |
| $10,000 and above | 0.60% | 0.60% |
| Rates are variable and may change after account is opened. Rates and terms are subject to change as determined by the Board of Directors. | ||
Super High Yield Accounts
Super High Yield Accounts require a higher minimum balance than a traditional savings account or high yield savings account but will earn you more money. They offer a higher rate of return and you can deposit to them at any time. Super High Yield Accounts have unlimited in-person transactions and six electronic withdrawals per month.
Open a Super High Yield Account
Please stop by your local branch or give us a call at 855.835.6328 so that we can verify your information and get this created for you! The minimum balance to earn interest is $10,000.
| Balance | Dividend Rate | Annual Percentage Yield |
|---|---|---|
| $0 - $9,999.99 | N/A | N/A |
| $10,000.00 - $24,999.99 | 1.00% | 1.01% |
| $25,000.00 - $49,999.99 | 1.25% | 1.26% |
| $50,000.00 - $99,999.99 | 1.50% | 1.51% |
| $100,000.00 - $199,999.99 | 1.75% | 1.76% |
| $200,000.00 and higher | 2.00% | 2.02% |
| .10% APY bonus earned if you also have a MFCU Premier Checking Account. Rates are variable and may change after account is opened. Rates and terms are subject to change as determined by the Board of Directors. | ||
CDs (Certificates of Deposit)
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 $1,000 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. Please see below for current rates. Plus, receive a .25% APR loan rate discount based on your relationship with the credit union if you open a CD.
How to Open A CD
Stop by any branch or give us a call at 855.835.6328! We will verify your information and create the CD within your account to deposit money into and start earning interest!
| Terms | Interest Rate | Annual Percentage Yield | Minimum Opening Deposit |
|---|---|---|---|
| 6 Months | 4.41% | 4.50% | $1,000.00 |
| 44 Week Special | 4.48% | 4.50% | $1,000.00 |
| 12 Months | 4.51% | 4.60% | $1,000.00 |
| 15 Month Special | 4.65% | 4.75% | $1,000.00 |
| 24 Months | 3.50% | 3.56% | $1,000.00 |
| 27 Months Special | 4.01% | 4.08% | $1,000.00 |
| 36 Months | 3.25% | 3.30% | $1,000.00 |
| 48 Months | 3.25% | 3.30% | $1,000.00 |
| 60 Months | 3.50% | 3.56% | $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. A penalty may be assessed for early withdrawals. Fees and withdrawals of funds from this account prior to maturity will reduce earning. | |||
Ready to talk to our team?
Stop by your local branch, give us a call at 855.835.6328, or click below to schedule an appointment.