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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).

 

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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