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
$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-$249,999  

$250,000 and above

 

0.30%
0.45%
0.45%
0.45%
0.45%
0.55%
0.65%
   0.85%   

1.00%

Monthly

0.30%
0.45%
0.45%
0.45%
0.45%
0.55%
0.65%
   0.85%   

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%
59 Month Special** $500 3.25% Quarterly 3.27%
4 Year** $500 2.40% Quarterly 2.42%
39 Month Special** $500 2.75% Quarterly 2.77%
3 Year** $500 2.15% Quarterly 2.16%
30 Month** $500 1.65% Quarterly 1.66%
2 Year** $500 1.55% Quarterly 1.56%
19 Month Special** $500 2.25% Quarterly 2.27%
18 Month** $500 1.50% Quarterly 1.51%
1 Year** $500 1.35% Quarterly 1.36%
9 Month** $500 1.25% Maturity 1.26%
8 Month Special** $500 2.05% Maturity 2.06%
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


Maturity

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

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.

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