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Business Deposit Rates

Business Deposit Rates


Amount Dividend Rates APY*
$5.00 to $99.99 .0% N/A
$100 and over .05% .05%
Type Dividend Rates APY*
Business Solution Checking N/A N/A
Business Support Checking N/A
 N/A
Business Resource Checking N/A
 N/A

Limited Time Offer

3.56% APY*
6-Month Promotional Rate for all balances over $50,000 when you open your account with a minimum of $50,000 of new money deposits2

Balance Tiers Guaranteed Dividend Rates1 Dividend Rate APY*
$0.01 - $49,999.99 Fixed Rate 0.10% 0.10%
$50,000 - $149,999.99
Variable Rate
WSJP minus 5.00%
 2.75% 2.78%
$150,000 - $299,999.99
Variable Rate
WSJP minus 4.75%
 3.00% 3.04%
$300,000 and higher
Variable Rate
WSJP minus 4.50%
 3.25% 3.30%

Balance Tiers Dividend Rate3 APY*
$2,000 - $9,999.99 0.10% 0.10%
$10,000 - $49,999.99 0.10% 0.10%
$50,000 and higher 0.15% 0.15%
MCCU CD Rate Boost Program Icon
($500.00 – $49,999.99)
Whether a short- or long-term investment, a CD is a great alternative to a traditional savings account. 

Secure your savings with confidence. For a limited time, all of our Members Choice Standard CDs come with a CD RATE BOOST4 option. On any new Standard CD opened after September 12, 2022, you can request a one-time rate increase to match the future offered CD rate for that term. Learn more about our CDs here.

Term Dividend Rates APY*
6 Month CD 0.50% 0.50%
12 Month CD  1.40% 1.41%
18 Month CD 0.85% 0.85%
24 Month CD  1.80% 1.81%
36 Month CD  1.25% 1.26%
48 Month CD  1.40% 1.41%
60 Month CD  2.20% 2.22%
MCCU CD Rate Boost Program Icon($50,000 and above)
Whether a short- or long-term investment, a CD is a great alternative to a traditional savings account. Jumbo CD Dividend Rates are .10 more than our Standard CD Dividend Rates.

Secure your savings with confidence. For a limited time, all of our Members Choice Jumbo CDs come with a CD RATE BOOST4 option. On any new Jumbo CD opened after September 12, 2022, you can request a one-time rate increase to match the future offered CD rate for that term.
Term Dividend Rates APY*
6 Month Jumbo CD 0.60% 0.60%
12 Month Jumbo CD  1.50% 1.51%
18 Month Jumbo CD  0.95% 0.95%
24 Month Jumbo CD
 1.90% 1.92%
36 Month Jumbo CD
 1.35% 1.36%
48 Month Jumbo CD
 1.50% 1.51%
60 Month Jumbo CD  2.30% 2.32%
 
 
 
 

Member Business Loans5

While Members Choice doesn't offer commercial or SBA loans, we can provide personal loans for business purposes. View our competitive rates on personal loans. 



Savings Balance Requirements


Balance Requirements Minimum to Open Minimum to Earn Dividends
Savings $5 $100
Maximum Money Market $0 $0.01
Classic Money Market $2,000 $2,000
Certificate of Deposit $500 $500
Jumbo Certificate of Deposit $50,000 $50,000

Disclosures

*APY = Annual Percentage Yield


1 Maximum Money Market Dividend Rates: The Fixed Dividend Rate and Annual Percentage Yield for the lowest balance tier may change at any time without prior notice. The Variable Dividend Rate and Annual Percentage Yield for the Maximum Money Market will be adjusted on the first day of each month. The Dividend Rate will equal the Prime Rate as published in The Wall Street Journal, less the margin amount in the table of rates. 7.75% - Current WSJP effective as of February 2, 2023. Variable dividend rate is adjusted on the first day of each month.

 

2 Maximum Money Market Account promotional rate applies if member deposits a total of more than $50,000 within first 12 days after account is opened from sources other than an existing Members Choice Credit Union account.  Promotional rate will apply for the first six statement cycles in which the account is open.  After that, standard Maximum Money Market Account rates will apply.  

 

3 Classic Money Market Dividend Rates: The Fixed Dividend Rate and Annual Percentage Yield for the balance tier may change at any time without prior notice. Classic Money Market accounts are Tiered Rate Accounts. If the balance in the account falls within the range for a particular tier, the specified Dividend Rate for that tier will apply to the entire balance in the account.

 

4 Rate Boost Program only applies to new certificate of deposits opened on or after September 12, 2022. The minimum initial deposit amount is $500, no maximum. After you start the account, you may not make additional deposits to this Certificate Account. This offer is valid starting September 12, 2022 while quantities last. Certificate of Deposits pledged against a CD Secured Loan do not qualify. Promotional Certificate of Deposits are not eligible for the Rate Boost Program. Other terms and conditions may apply.

 

5 Each application is evaluated on an individual basis. Loan advances are granted based upon the applicant(s) credit history, ability to repay, purpose, stability and collateral. Loan advances are not granted based upon method of repayment. On variable rate loans, the Annual Percentage Rate (APR) for new advances and existing balances is based on an index which is the highest Prime Rate as published in the Money Rates section of The Wall Street Journal on the 15th day of the month for the preceding three months and is subject to change monthly.

 

View complete list of deposit disclosures and Fee Schedule.

Rate effective February 6, 2023. Rates are subject to change at any time without notice. Fees may reduce earnings. On certificates of deposit a penalty may be imposed for early withdrawal.