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.

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SAVINGS PRODUCTMinimum Opening DepositOther TermsDividend RateDividends CompoundAPY*
Share Savings (S1)***$5 $5 to earn dividend0.30%Quarterly0.30%
Special Savings (S2)***$0 0.25%Quarterly0.25%
Holiday Club (S3)$0 $300 monthly maximum deposit0.60%Annually0.60%
Pays out annually November 1st
Money Market Savings (S6)$0-$9990.25%Monthly0.25%
$1,000-$4,9990.35%0.35%
$5,000-$9,9990.70%0.70%
$10,000-$19,9990.90%0.90%
$20,000-$39,9991.10%1.10%
$40,000-$69,9991.50%1.51%
$70,000-$99,9992.00%2.02%
$100,000-$249,999  2.50%2.53%
$250,000 and above2.75%2.79%
Vacation Club (S14)$0 $300 monthly maximum deposit0.60%Annually0.60%
Pays out annually June 1st
Kids Club (S15, S18, S19)$0-$5000.000.75%Monthly0.75%
Kids Club (S15, S18, S19)$5000.01 and above0.30%Monthly0.30%
Health Savings Account$10 Annual Fee Interest Bearing Checking Account0.40%Monthly0.40%
* = Annual Percentage Yield. Rate is effective as of 02/06/2024 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 CERTIFICATEMinimum Opening DepositDividend RateDivideds CompoundAPY*
5 Year**$500 2.25%Quarterly2.27%
4 Year**$500 2.00%Quarterly2.01%
3 Year**$500 1.90%Quarterly1.91%
30 Month$500 1.70%Quarterly1.71%
2 Year**$500 1.50%Quarterly1.51%
18 Month**$500 1.30%Quarterly1.31%
1 Year**$500 1.20%Quarterly1.21%
9 Month**$500 0.90%Maturity0.90%
6 Month**$500 0.60%Maturity0.60%
3 Month**$500 0.40%Maturity0.40%
***Triple Play Certificate***
2 Year$500 1.30%Quarterly1.31%
4 Year$500 1.80%Quarterly1.81%
6 Year$500 2.10%Quarterly2.12%
CERTIFICATE SPECIAL
63 Month$500 4.10%Quarterly4.16%
37 Month$500 3.80%Quarterly3.85%
25 Month$500 3.95%Quarterly4.01%
19 Month$500 4.15%Quarterly 4.22%
15 Month$500 4.35%Quarterly4.42%
13 Month $5004.55%Quarterly4.63%
11 Month $500 4.65%At Maturity 4.66%
8 Month$500 4.85%At Maturity 4.89%
5 Month$5005.00%At Maturity5.07%
 * = Annual Percentage Yield. Rate is effective as of 02/12/2024. 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 ACCOUNTSMinimum Opening DepositRateDividend CompoundsAPY*
IRA Savings (S4)$0 0.60%Quarterly0.60%
Coverdell (Educational) IRA Savings (S5)$0 0.60%Quarterly0.60%
Roth IRA Savings (S7)$0 0.60%Quarterly0.60%
IRA SHARE CERTIFICATE
12 Months** (Coverdell Educational)$500 1.30%Quarterly1.31%
48 Months** (Coverdell Educational)$500 2.10%Quarterly2.12%
12 Months** (Traditional & Roth)$500 1.30%Quarterly1.31%
13 Months** TRADITIONAL & ROTH SPECIAL$500 4.00%Quarterly4.05%
18 Months** (Traditional & Roth) $500 1.40%Quarterly1.41%
25 Months** TRADITIONAL & ROTH SPECIAL$5004.25%              Quarterly4.32%
30 Months** (Traditional & Roth)$500 1.80%Quarterly1.81%
48 Months** (Traditional & Roth)$500 2.10%Quarterly2.12%
* = Annual Percentage Yield. Rate is effective as of 06/27/2023. 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.