Minnesota Valley Credit Union

Savings Rates

Savings, Certificate & IRA Rates

(rates effective as of 12/16/2015)

*Rates and terms are subject to change at any time based upon MVFCU Asset-Liability Committee (ALCO) review and changing marketing conditions.

Call, visit or email our member services department for details.

SAVINGS PRODUCT

Minimum Opening Deposit

Other Terms

Rate

Dividends Compound

APY*

Share Savings (S1)***$25$100 to earn dividend0.25%Quarterly0.25%
Special Savings (S2)***$0$100 to earn dividend0.25%Quarterly0.25%
Holiday Club (S3)$0$300 monthly maximum deposit
Pays out annually November 1st
.80%Annually.80%
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%
0.29%
0.30%
0.32%
0.35%
0.40%
0.48%
   0.60%    0.70%

Monthly

0.25%
0.29%
0.30%
0.32%
0.35%
0.40%
0.48%
    0.60%     0.70%

Vacation Club (S14)$0$300 monthly maximum deposit
Pays out annually June 1st
.80%Annually.80%
Young Adults Club (S15)$0$300 Maximum Deposit Per Month
Ages 15-22
1.00%Monthly1.00%
Kids Club (S18)$0$100 Maximum Deposit Per Month
Ages 10 and under
.85%Monthly.85%
Young Exceptional Savers (S19)$0

$200 Maximum Deposit Per Month
Ages 11-14

.95%Monthly.95%
Health Savings Account $10 Annual Fee Interest Bearing Checking Account.80%Monthly.80%

* = Annual Percentage Yield. Rate is effective as of 12/16/15. 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

Divideds Compound

APY*

5 Year**$5002.05%Quarterly2.06%
4 Year**$5001.75%Quarterly1.76%
3 Year**$5001.45%Quarterly1.46%
30 Month**$5001.25%Quarterly1.26%
2 Year**$5001.05%Quarterly1.05%
18 Month**$500.85%Quarterly.85%
1 Year**$500.75%Quarterly.75%
9 Month**$500.55%Maturity.55%
6 Month**$500.45%Maturity.45%
3 Month**$500.35%Maturity.35%
***Triple Play Certificate***
2 Year
4 Year
6 Year

$500
$500
$500

.85%
1.55%
1.95%

Quarterly
Quarterly
Quarterly

.85%
1.56%
1.96%
Market Index Certificate
3 Year
5 Year

$1000
$1000
Tied to DJIA


Maturity

Tied to DJIA

 * = Annual Percentage Yield. Rate is effective as of 12/17/14. 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)$0.80%Quarterly.80%
Coverdell (Educational) IRA Savings (S5)$0.80%Quarterly.80%
Roth IRA Savings (S7)$0.80%Quarterly.80%

IRA SHARE CERTIFICATE

12 Months** (Coverdell Educational)$500.85%Quarterly.85%
48 Months** (Coverdell Educational)$5001.85%Quarterly1.86%
12 Months** (Traditional & Roth)$500.85%Quarterly.85%
18 Months** (Traditional & Roth)$500.95%Quarterly.95%
30 Months** (Traditional & Roth)$5001.35%Quarterly1.36%
48 Months** (Traditional & Roth)$5001.85%Quarterly1.86%

* = Annual Percentage Yield. Rate is effective as of 12/17/2014. 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.