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Savings, IRA, & Certificate
Rates
effective
04/19/2011
*Rates and terms are subject to change at any time based upon Asset-Liability
Committee (ALCO) review and changing market conditions.
Call, visit or e-mail our Member Services Department for
details (msa@mnvalleyfcu.coop).
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|
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Savings
Product
|
Minimum
Opening
Deposit
|
Other Terms
|
Rate
|
Dividends Compounded
|
APY*
|
| Share Savings (S1)***
|
$25
|
$100 to
earn dividend |
0.25% |
Quarterly |
0.25% |
| Special Savings (S2)*** |
$0
|
$100 to
earn dividend |
0.20% |
Quarterly |
0.20% |
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 & above
|
|
0.20%
0.25%
0.30%
0.35%
0.45%
0.55%
0.65%
0.75% |
Monthly |
0.20%
0.25%
0.30%
0.35%
0.45%
0.55%
0.65%
0.75% |
| Young Adults Club (S15) |
$0
|
$300 mo.
max. deposit
Ages 15-22 |
1.15% |
Monthly |
1.16% |
| Young Exceptional Savers
(S19) |
$0
|
$200 mo.
max deposit
Ages 11-14 |
1.10% |
Monthly |
1.11% |
| Kids Club (S18) |
$0
|
$100 mo. max
deposit
Age 10 & under |
1.00% |
Monthly |
1.01% |
| Holiday Club (S3)**
|
$0
|
$300 mo.
max deposit
Pays out November 1st |
.95% |
Annually |
.95% |
| Vacation Club (S14)** |
.95%
|
$300 mo.
max deposit
Pays out June 1st |
.95% |
Annually |
.95% |
| Health Savings Account |
.95%
|
$10
Annual Fee
Interest Bearing Checking |
.95% |
Monthly |
.95% |
|
|
* = Annual Percentage Yield. Rate is
effective as of 04/19/2011. 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
|
Dividends Compound
|
APY*
|
| 5 Year** |
$500 |
2.10% |
Quarterly |
2.12% |
| 4 Year** |
$500 |
1.90% |
Quarterly |
1.91% |
| 3 Year** |
$500 |
1.60% |
Quarterly |
1.61% |
| 30 Month** |
$500 |
1.30% |
Quarterly |
1.31% |
| 2 Year** |
$500 |
1.10% |
Quarterly |
1.11% |
| 18 Month** |
$500 |
1.00% |
Quarterly |
1.00% |
| 1 Year** |
$500 |
.80% |
Quarterly |
.80% |
| 9 Month** |
$500 |
.70% |
Maturity |
.70% |
| 6 Month** |
$500 |
.60% |
Maturity |
.60% |
| 3
Month** |
$500 |
.40% |
Maturity |
.40% |
**Triple
Play Certificate***
2 Year
4 Year
6 Year
|
$500
$500
$500
|
.90%
1.70%
2.35% |
Quarterly
Quarterly
Quarterly
|
.90%
1.71%
2.37%
|
|
Market Index Certificate**
Three or five year term. Minimum deposit $1,000. Certificate tied to
Dow Jones.
Earned
dividends based on the change in the DJIA over the term. Principal back
guarantee.
|
|
Premium Rate on Jumbo
Certificate
Terms 18 months or longer. Funds can be divided between
multiple certificates.
|
|
Minimum Opening Deposit
$10,000
$25,000
$50,000
$75,000
$100,000
|
Jumbo Certificate Bonus
Rate
Add 02 bps to any current
certificate rate
Add 04 bps to any current
certificate rate
Add 06 bps to any current certificate rate
Add 08 bps to any current certificate rate
Add 10 bps to any current certificate rate
|
* = Annual Percentage Yield. Rate is
effective as of 04/19/11. 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.
*** = 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
|
Dividends Compound
|
APY*
|
| IRA Savings
(S4) |
$0
|
.95%
|
Quarterly
|
.95% |
| Coverdell (Educational)
IRA Savings (S5) |
$0
|
.90%
|
Quarterly
|
.90% |
| Roth IRA Savings
(S7) |
$0
|
.90%
|
Quarterly
|
.90% |
| IRA Share Certificates: |
|
12 Months** (Coverdell Educational)
|
$500
|
.90%
|
Quarterly
|
.90% |
|
48 Months** (Coverdell Educational)
|
$500
|
2.00%
|
Quarterly
|
2.01% |
|
12 Months** (Traditional & Roth)
|
$500
|
.90%
|
Quarterly
|
.90% |
|
18 Months** (Traditional & Roth)
|
$500
|
1.10%
|
Quarterly
|
1.11% |
|
30 Months** (Traditional & Roth)
|
$500
|
1.40%
|
Quarterly
|
1.41% |
|
48 Months** (Traditional & Roth)
|
$500
|
2.00%
|
Quarterly
|
2.01% |
*
= Annual Percentage Yield. Rate is effective as of 04/19/2011. 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.
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Minnesota Valley Federal
Credit Union
1640 Adams Street · Mankato, MN 56001
(507)387-3055 or (800)247-0522
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