Account Rates
Share Rates Good Thru Quarter End: December 31, 2023
All dividend rates are declared by The Board of Directors of MECU and are subject to change at any time. Savings and Money Market rates are subject to change quarterly.
Savings Rates:
| Savings Product | Tier Terms | Rate | APY | Special |
|---|---|---|---|---|
| Savings | - | 0.05 % | 0.05 % | - |
| IRA Share | - | 0.25% | 0.25% | - |
| Tiered Money Market | $ 2,499.99 and below | 0.05 % | 0.05 % | - |
| Tiered Money Market | $ 2,500.00 and up | 0.15 % | 0.15 % | - |
| Super Checking | $ 25,000.00 and below | 1.00 % | 1.01 % | - |
| Super Checking | $ 25,000.01 and up | 0.05 % | 0.05 % | - |
| Gold Savings | $ 24,999.99 and below | 0.00 % | 0.00 % | - |
| Gold Savings | $ 25,000.00 and up | 0.25 % | 0.25 % | - |
Certificate Rates:
CD’s with a balance below $75,000.00
| CD Product | Rate | APY | Opening Deposit |
|---|---|---|---|
| 6 month | 0.75 % | 0.75 % | $ 1,000 |
| 7 month | 0.75 % | 0.75 % | $ 1,000 |
| 11 & 15 month | 3.93 % | 4.00 % | $ 1,000 |
| 12 month | 0.75 % | 0.75 % | $ 1,000 |
| 18 month | 1.00 % | 1.00 % | $ 1,000 |
| 24 month | 1.00 % | 1.00 % | $ 1,000 |
| 36 month | 1.10 % | 1.11 % | $ 1,000 |
| 48 month | 1.20 % | 1.21 % | $ 1,000 |
| 60 month | 1.30 % | 1.31 % | $ 1,000 |
Jumbo Certificate Rates:
CD’s with a balance of $75,000.00 or higher
| CD Product | Rate | APY | Opening Deposit |
|---|---|---|---|
| 6 month | 1.00 % | 1.01 % | $ 75,000 |
| 7 month | 1.00 % | 1.01 % | $ 75,000 |
| 11 & 15 month | 3.93 % | 4.00 % | $ 75,000 |
| 12 month | 1.00 % | 1.01 % | $ 75,000 |
| 18 month | 1.25 % | 1.26 % | $ 75,000 |
| 24 month | 1.25 % | 1.26 % | $ 75,000 |
| 36 month | 1.35 % | 1.36 % | $ 75,000 |
| 48 month | 1.45 % | 1.46 % | $ 75,000 |
| 48 month | 1.55 % | 1.56 % | $ 75,000 |
Specials:
11 Month and 15 Month any amount 3.93% APR 4.00% APY – Minimum Deposit $1,000
Account Disclosures:
For account disclosures, the dividend rate may be expressed to more than two decimals.
APY:
The Annual Percentage Yield (APY) assumes dividends are compounded quarterly and will remain on deposit until maturity.
Dividends: Paid quarterly and will compound. Paid monthly will receive a check & will not compound. Fees: Fees when assessed may reduce earnings.
Rounding:
The annual percentage yield, the annual percentage yield earned, and the dividend rate shall be rounded to the nearest one-hundredth of one percentage point (.01%) and expressed to two decimal places. Withdrawals A withdrawal of dividends may reduce earnings.