Minnesota Valley Credit Union

Savings Rates

Savings, Certificate & IRA Rates

(rates effective as of 12/17/2014)

*Rates and terms are subject to change at any time based upon MVFCU Asset-Liability Committee (ALCO) review and changing marketing conditions.

Call, visit or email our member services department for details.

SAVINGS PRODUCT

Minimum Opening Deposit

Other Terms

Rate

Dividends Compound

APY*

Share Savings (S1)***$25$100 to earn dividend0.17%Quarterly0.17%
Special Savings (S2)***$0$100 to earn dividend0.17%Quarterly0.17%
Holiday Club (S3)$0$300 monthly maximum deposit
Pays out annually November 1st
.75%Annually.75%
Money Market Savings (S6)

$0-$999
$1,000-$4,999
$5,000-$9,999
$10,000-$19,999
$20,000-$39,999
$40,000-$69,999
$70,000-$99,999
$100,000 and above

 

0.17%
0.23%
0.24%
0.25%
0.27%
0.33%
0.43%
0.55%

Monthly

0.17%
0.23%
0.24%
0.25%
0.27%
0.33%
0.43%
0.55%

Vacation Club (S14)$0$300 monthly maximum deposit
Pays out annually June 1st
.75%Annually.75%
Young Adults Club (S15)$0$300 Maximum Deposit Per Month
Ages 15-22
.95%Monthly.95%
Kids Club (S18)$0$100 Maximum Deposit Per Month
Ages 10 and under
.80%Monthly.80%
Young Exceptional Savers (S19)$0

$200 Maximum Deposit Per Month
Ages 11-14

.90%Monthly.90%
Health Savings Account $10 Annual Fee Interest Bearing Checking Account.75%Monthly.75%

* = Annual Percentage Yield. Rate is effective as of 12/17/14. Rates and terms are subject to change at any time based upon ALCO review and changing market conditions. Fees may reduce the earnings on these accounts. 
** = Dividend paid at pay-out date, no dividend for early withdrawal.
*** = Balances below the minimum balance will not earn interest.

 

SHARE CERTIFICATE

Minimum Opening Deposit

Rate

Divideds Compound

APY*

5 Year**$5001.95%Quarterly1.96%
4 Year**$5001.60%Quarterly1.61%
3 Year**$5001.20%Quarterly1.21%
30 Month**$5001.00%Quarterly1.00%
2 Year**$500.85%Quarterly.85%
18 Month**$500.65%Quarterly.65%
1 Year**$500.50%Quarterly.50%
9 Month**$500.45%Maturity.45%
6 Month**$500.25%Maturity.25%
3 Month**$500.20%Maturity.20%
***Triple Play Certificate***
2 Year
4 Year
6 Year

$500
$500
$500

.65%
1.40%
1.85%

Quarterly
Quarterly
Quarterly

.65%
1.41%
1.86%
Market Index Certificate
3 Year
5 Year

$1000
$1000
Tied to DJIA


Maturity

Tied to DJIA

 * = Annual Percentage Yield. Rate is effective as of 12/17/14. Rates and terms are subject to change at any time based upon ALCO review and changing market conditions. Fees may reduce the earnings on these accounts. 
** = Early withdrawal penalties exist for these accounts. Certificates with a maturity of 3 months - 12 months have a penalty of 90 days dividend. Certificates with a maturity of over 12 months - 29 months have a penalty of 180 days dividend. Certificates with a maturity of 30 months or greater have a penalty of 270 days.
*** = Triple Play Certificate offers three options - Each can be made once during the certificate's term: 1. Add up to 30% to principal. 2. Withdraw up to 30%. 3. Increase rate. Minimum deposit of $500. 

RETIREMENT ACCOUNTS

Minimum Opening Deposit

Rate

Dividend Compounds

APY*

IRA Savings (S4)$0.65%Quarterly.65%
Coverdell (Educational) IRA Savings (S5)$0.65%Quarterly.65%
Roth IRA Savings (S7)$0.65%Quarterly.65%

IRA SHARE CERTIFICATE

12 Months** (Coverdell Educational)$500.60%Quarterly.60%
48 Months** (Coverdell Educational)$5001.20%Quarterly1.21%
12 Months** (Traditional & Roth)$500.60%Quarterly.60%
18 Months** (Traditional & Roth)$500.75%Quarterly.75%
30 Months** (Traditional & Roth)$5001.10%Quarterly1.11%
48 Months** (Traditional & Roth)$5001.70%Quarterly1.71%

* = Annual Percentage Yield. Rate is effective as of 12/17/2014. Rates and terms are subject to change at any time based upon ALCO review and changing market conditions. Fees may reduce the earnings on these accounts.
 **= Early withdrawal penalties exist for these accounts. Certificates with a maturity of 3 months - 12 months have a penalty of 90 days dividend. Certificates with a maturity of 12 months - 29 months have a penalty of 180 days dividend. Certificates with a maturity of 30 months or greater have a penalty of 270 days.