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Certificates of Deposit

Relax and watch your money grow with a Certificate of Deposit.

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Savings with a side of earnings.

Whether you're saving up for a big purchase, planning for a future milestone, or simply looking for a way to grow your savings, Certificates of Deposit (CDs) offer a reliable and flexible way to do so. With guaranteed rates and a variety of term options to choose from, a CD can help you achieve your financial goals.

Advantages of a Certificate of Deposit (CD):

  • Guaranteed Rates. Rates are locked in for the length of the term, which means you know exactly how much interest you will earn.
  • Flexible. From 6 months to several years, open a certificate with a deposit of $500 with terms to fit your needs.
  • Versatile. Use a certificate of deposit to save for a home project, vacation, college tuition, or another financial goal.
  • Higher Interest Rates. Most CDs earn higher interest rates than regular savings accounts.
  • Insured. CDs are insured up to $250,000 by the National Credit Union Association (NCUA).

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Certificates of Deposit and IRA Certificates of Deposit
Effective Date: Wednesday, May 21st, 2025
Please contact us or stop into a branch to verify the current rate.
TermsInterest RateAnnual Percentage YieldMinimum Opening Deposit
6 Months 3.54% 3.60% $500.00
9 Months 3.64% 3.70% $500.00
12 Months 3.64% 3.70% $500.00
15 Months 3.64% 3.70% $500.00
24 Months 3.54% 3.60% $500.00
27 Months 3.54% 3.60% $500.00
36 Months 3.54% 3.60% $500.00
48 Months 3.59% 3.65% $500.00
60 Months 3.64% 3.70% $500.00

For members under the age of 18 the required minimum balance on all CDs is $100.00. 0.10% APY bonus earned if you also have a M1 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.

CDs & Savings Calculators

 

How much interest will my CD earn?

A certificate of deposit (CD) is a savings account where you can't withdraw the money for a fixed amount of time. In exchange, you are offered a higher guaranteed interest rate than a normal savings account. You can enter the deposit size and interest rate into this calculator to see how much a CD can grow over its term.

 

Disclaimer

 

While we hope you find this content useful, it is only intended to serve as a starting point. Your next step is to speak with a qualified, licensed professional who can provide advice tailored to your individual circumstances. Nothing in this article, nor in any associated resources, should be construed as financial or legal advice. Furthermore, while we have made good faith efforts to ensure that the information presented was correct as of the date the content was prepared, we are unable to guarantee that it remains accurate today. Neither Banzai nor its sponsoring partners make any warranties or representations as to the accuracy, applicability, completeness, or suitability for any particular purpose of the information contained herein. Banzai and its sponsoring partners expressly disclaim any liability arising from the use or misuse of these materials and, by visiting this site, you agree to release Banzai and its sponsoring partners from any such liability. Do not rely upon the information provided in this content when making decisions regarding financial or legal matters without first consulting with a qualified, licensed professional.

The above disclaimer pertains to Members First Credit Union and all Members First’s partners.

 

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