A Certificate of Deposit is a great way to earn money while you save! This Spring Savings Certificate Special is a limited time offer to receive 4.79% Annual Percentage Yield (APY) on your deposit of at least $500. You can begin the process on our website or stop by one of our branches.
Minimum deposit of $500. Businesses and individuals are welcome to participate. Some restrictions apply. No other discounts or benefits apply. Limit one per Primary Member.
Certificates of Deposit
| Term | Dividend Rate (Min $500) | APY* (Min $500) |
|---|---|---|
| 6 Months | 3.95 | 3.99 |
| 12 Months | 4.29 | 4.29 |
| 18 Months | 4.34 | 4.29 |
| 24 Months | 3.25 | 3.25 |
| 36 Months | 3.40 | 3.40 |
| 48 Months | 2.00 | 2.00 |
WHAT IS A CERTIFICATE OF DEPOSIT AND WHY WOULD I WANT ONE?
- A share certificate or a certificate of deposit is more commonly known as a CD.
- A CD is safest place/way to put money aside until you need it while earning interest in the meantime.
- Of all the savings options offered, a CD has the highest guaranteed returns
- Higher interest rates are paid out but also locks your money in for a specified agreed upon term (can range from months to years)
- All deposits including CDs are insured by NCUA, which means your money is safe.
A Certificate is similar to a savings account, but with a fixed term and fixed interest rate. You add money, wait for the CD to mature (term to end) and get your money back with interest
CDs are the bank account equivalent of a lockbox. In exchange for higher rates, you give up access to funds for an agreed upon amount of time.
Once a member of MAC FCU, always a member of MAC FCU.
When you open an account with us, you're a member for life, as long as the account stays open.
You can move and take us along!