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
$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

 

0.25%
0.35%
0.40%
0.45%
0.55%
0.60%
0.65%
   0.80%   

1.00%

Monthly

0.25%
0.35%
0.40%
0.45%
0.55%
0.60%
0.65%
   0.80%   

1.00%

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 09/29/2022. 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
19 Month

10 Month 

$500

$500

3.19%

3.00%

Quarterly 

Quarterly 

3.23%

3.01%

 * = Annual Percentage Yield. Rate is effective as of 09/29/2022. 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

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%
18 Months** (Traditional & Roth) $500 1.40% Quarterly 1.41%
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 09/29/2022 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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