Savings Rates
Savings, Certificate & IRA Rates
*Rates and terms are subject to change at any time based upon MVFCU Asset-Liability Committee (ALCO) review and changing market conditions.
Call, visit or email our member services department for details.
SAVINGS PRODUCT |
Minimum Opening Deposit |
Other Terms |
Dividend Rate |
Dividends Compound |
APY* |
| Share Savings (S1)*** | $5 | $5 to earn dividend | 0.30% | Quarterly | 0.30% |
| Special Savings (S2)*** | $0 | 0.30% | Quarterly | 0.30% | |
| Holiday Club (S3) | $0 | $300 monthly maximum deposit Pays out annually November 1st |
.90% | Annually | .90% |
| Money Market Savings (S6) |
$0-$999 $250,000 and above |
0.30% 1.00% |
Monthly |
0.30% 1.00% |
|
| Vacation Club (S14) | $0 | $300 monthly maximum deposit Pays out annually June 1st |
.90% | Annually | .90% |
| Kids Club (S15, S18, S19) | $0-$5000.00 | 1.50% | Monthly | 1.51% | |
| Kids Club (S15, S18, S19) | $5000.01 and above | 0.40% | Monthly | 0.40% | |
| Health Savings Account |
$10 Annual Fee Interest Bearing Checking Account |
.65% | Monthly | .65% |
* = Annual Percentage Yield. Rate is effective as of 09/18/18. 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 |
Dividend Rate |
Divideds Compound |
APY* |
| 5 Year** | $500 | 2.65% | Quarterly | 2.67% |
| 4 Year** | $500 | 2.40% | Quarterly | 2.42% |
| 3 Year** | $500 | 2.15% | Quarterly | 2.16% |
| 30 Month** | $500 | 1.65% | Quarterly | 1.66% |
| 2 Year** | $500 | 1.55% | Quarterly | 1.56% |
| 18 Month** | $500 | 1.50% | Quarterly | 1.51% |
| 1 Year** | $500 | 1.35% | Quarterly | 1.36% |
| 9 Month** | $500 | 1.25% | Maturity | 1.26% |
| 6 Month** | $500 | 1.15% | Maturity | 1.16% |
| 3 Month** | $500 | 1.10% | Maturity | 1.11% |
| ***Triple Play Certificate*** 2 Year 4 Year 6 Year |
$500 $500 $500 |
1.35% 2.20% 2.55% |
Quarterly Quarterly Quarterly |
1.36% 2.21% 2.56% |
| Market Index Certificate 3 Year 5 Year |
$1000 $1000 |
Tied to DJIA |
|
Tied to DJIA |
* = Annual Percentage Yield. Rate is effective as of 09/18/18. 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 | .90% | Quarterly | .90% |
| Coverdell (Educational) IRA Savings (S5) | $0 | .90% | Quarterly | .90% |
| Roth IRA Savings (S7) | $0 | .90% | Quarterly | .90% |
IRA SHARE CERTIFICATE |
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| 12 Months** (Coverdell Educational) | $500 | 1.45% | Quarterly | 1.46% |
| 48 Months** (Coverdell Educational) | $500 | 2.50% | Quarterly | 2.51% |
| 12 Months** (Traditional & Roth) | $500 | 1.45% | Quarterly | 1.46% |
| 18 Months** (Traditional & Roth) | $500 | 1.60% | Quarterly | 1.61% |
| 30 Months** (Traditional & Roth) | $500 | 1.75% | Quarterly | 1.76% |
| 48 Months** (Traditional & Roth) | $500 | 2.50% | Quarterly | 2.51% |
* = Annual Percentage Yield. Rate is effective as of 3/20/2018. 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.
