Certificates of Deposit and IRA Certificates of Deposit
Effective Date: Saturday, August 31st, 2024
Please contact us or
stop into a branch to verify the current rate.
Terms | Interest Rate | Annual Percentage Yield | Minimum Opening Deposit |
6 Months |
4.65% |
4.75% |
$500.00 |
9 Months |
4.17% |
4.25% |
$500.00 |
12 Months |
3.93% |
4.00% |
$500.00 |
15 Months |
3.93% |
4.00% |
$500.00 |
24 Months |
3.44% |
3.50% |
$500.00 |
27 Months |
3.44% |
3.50% |
$500.00 |
36 Months |
3.20% |
3.25% |
$500.00 |
48 Months |
2.96% |
3.00% |
$500.00 |
60 Months |
2.96% |
3.00% |
$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.
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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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