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 | 0.25% | Quarterly | 0.25% |
Special Savings (S2)*** | $0 | 0.25% | Quarterly | 0.25% | |
Holiday Club (S3) | $0 | $300 monthly maximum deposit Pays out annually November 1st |
0.60% | Annually | 0.60% |
Money Market Savings (S6) |
$0-$999 $250,000 and above |
0.25% 2.00% |
Monthly |
0.25% 2.01% |
|
Vacation Club (S14) | $0 | $300 monthly maximum deposit Pays out annually June 1st |
.60% | Annually | .60% |
Kids Club (S15, S18, S19) | $0-$5000.00 | 0.75% | Monthly | 0.75% | |
Kids Club (S15, S18, S19) | $5000.01 and above | 0.25% | Monthly | 0.25% | |
Health Savings Account |
$10 Annual Fee Interest Bearing Checking Account |
0.40% | Monthly | 0.40% |
* = Annual Percentage Yield. Rate is effective as of 03/22/2023. 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 | 2.25% | Quarterly | 2.27% |
4 Year** | $500 | 2.00% | Quarterly | 2.01% |
3 Year** | $500 | 1.90% | Quarterly | 1.91% |
30 Month | $500 | 1.70% | Quarterly | 1.71% |
2 Year** | $500 | 1.50% | Quarterly | 1.51% |
18 Month** | $500 | 1.30% | Quarterly | 1.31% |
1 Year** | $500 | 1.20% | Quarterly | 1.21% |
9 Month** | $500 | 0.90% | Maturity | 0.90% |
6 Month** | $500 | 0.60% | Maturity | 0.60% |
3 Month** | $500 | 0.40% | Maturity | 0.40% |
***Triple Play Certificate*** 2 Year 4 Year 6 Year |
$500 $500 $500 |
1.30% 1.80% 2.10% |
Quarterly Quarterly Quarterly |
1.31% 1.81% 2.12% |
CERTIFICATE SPECIAL |
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* = Annual Percentage Yield. Rate is effective as of 03/22/2023. 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 | .60% | Quarterly | .60% |
Coverdell (Educational) IRA Savings (S5) | $0 | .60% | Quarterly | .60% |
Roth IRA Savings (S7) | $0 | .60% | Quarterly | .60% |
IRA SHARE CERTIFICATE |
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12 Months** (Coverdell Educational) | $500 | 1.30% | Quarterly | 1.31% |
48 Months** (Coverdell Educational) | $500 | 2.10% | Quarterly | 2.12% |
12 Months** (Traditional & Roth) | $500 | 1.30% | Quarterly | 1.31% |
13 Months** TRADITIONAL & ROTH SPECIAL | $500 | 3.29% | Quarterly | 3.33% |
18 Months** (Traditional & Roth) | $500 | 1.40% | Quarterly | 1.41% |
25 Months** TRADITIONAL & ROTH SPECIAL | $500 | 3.69% | Quarterly | 3.74% |
30 Months** (Traditional & Roth) | $500 | 1.80% | Quarterly | 1.81% |
48 Months** (Traditional & Roth) | $500 | 2.10% | Quarterly | 2.12% |
* = Annual Percentage Yield. Rate is effective as of 03/22/2023. 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.