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.
| Account Type | Dividend Rate | Annual Percentage Yield | Minimum Balance |
|---|---|---|---|
| Regular Shares * | 0.25% | 0.25% | $5.00 |
| Kid's Club* | 0.25% | 0.25% | $5.00 |
| Student Club* | 0.25% | 0.25% | $5.00 |
| Christmas Club* | 0.25% | 0.25% | N/A |
| 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. | |||
| Account Type | Dividend Rate | Annual Percentage Yield | Minimum Balance |
|---|---|---|---|
| eChecking Package** | 0.22% | 0.22% | $1,000.00 |
| Advantage 60 Checking Package (Age 60 and up).** | 0.17% | 0.17% | $1,000.00 |
| Rates and terms are subject to change as determined by the Board of Directors. | |||
| Minimum Balance | Dividend Rate | Annual Percentage Yield |
|---|---|---|
| $0 - $999.99 | N/A | N/A |
| $1,000 - $2,499** | 0.17% | 0.17% |
| $2,500 - $9,999** | 0.20% | 0.20% |
| $10,000+** | 0.25% | 0.25% |
| Rates and terms are subject to change as determined by the Board of Directors. | ||
| Balance | Annual 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% |
| *APY = Annual Percentage Yield. 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. | |
| Account Type | Dividend Rate | Annual Percentage Yield | Minimum Balance |
|---|---|---|---|
| Individual Retirement Account | 0.25% | 0.25% | N/A |
| Rates are variable and may change after account is opened. Rates and terms are subject to change as determined by the Board of Directors. | |||
| Terms | Interest Rate | Annual Percentage Yield | Minimum Opening Deposit |
|---|---|---|---|
| 6 Months | 5.13% | 5.25% | $1,000.00 |
| 44 Weeks | 5.23% | 5.25% | $1,000.00 |
| 12 Months | 5.13% | 5.25% | $1,000.00 |
| 15 Months | 4.89% | 5.00% | $1,000.00 |
| 24 Months | 3.50% | 3.56% | $1,000.00 |
| 27 Months | 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 - Raise Your Rate* | 3.50% | 3.56% | $1,000.00 |
*Interest Rate and APY may be increased once during the term of the CD, if our rates increase during that time, and will be increased to the rate for a 60-month CD as of the date of the request. The rate increases will be effective as of the date of the request. | |||
| Balance | Dividend Rate | Interest Rate |
|---|---|---|
| $0 - $499.99 | N/A | N/A |
| $500 - $9,999.99 | 0.15% | 0.15% |
| $10,000 - $49,999.99 | 0.17% | 0.17% |
| $50,000 - 249,999.99 | 0.20% | 0.20% |
| $250,000 and above | 0.25% | 0.25% |
| Rates are variable and may change after account is opened. Rates and terms are subject to change as determined by the Board of Directors. | ||
*Dividends are calculated by the daily balance method and credited on the last day of each month.
** 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.
† 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.