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Consumer Deposit Rates

Consumer Deposit Rates


Amount Dividend Rates APY*
$5 to $99.99 .0% N/A
$100.00 and over .05% .05%
Balance Tiers Dividend Rate APY*
$0.01 - $9,999.99 1.49% 1.50%
$10,000 - $14,999.99 0.75% 1.25%
$15,000 and higher 0%
 0.08%
Type Dividend Rate APY*
Cash Back Checking1 N/A N/A
Opportunity Checking N/A
 N/A
Student Checking2
 N/A
 N/A
Classic Checking (no longer offered)
 .05%
 .05%

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 deposits5

Balance Tiers Guaranteed Dividend Rates4 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 Rate6 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 BOOST7 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 BOOST7 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%

The HERO Savings Program provides law enforcement, first responders, military, educators and healthcare professionals with loan rate discounts and higher savings yields.**


Term Minimum Opening Balance/To Earn APY* Dividend Rates APY*
12 Month Hero CD     $500 1.75% 1.76%
12 Month Hero Jumbo CD    $50,000 1.65% 1.66%
Dividend Rate APY*
.25% .25%

IRAs can also be invested in Certificates of Deposit at the rates listed below.

Checking Balance Requirements

None of our checking accounts have minimum amounts to open, nor minimum balance requirements.


Savings Balance Requirements


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

Disclosures

*APY=Annual Percentage Yield. 


**Limited time offer. No other discounts will apply. Offer valid for individuals in the following eligible professions and are subject to verification: Medical Professionals such as doctors and nurses, Active-Duty Law Enforcement Officers, Active-Duty Military and Military Veterans, Teaching Profession – Teachers and Administrative Staff. Applicants must select "I qualify as a HERO" in the online application process in order for applicable discounts and savings to apply. You must be a member or eligible for membership to qualify. Rates, terms and conditions are subject to change without notice. Members Choice Hero members can qualify for the following loan benefits: 1.00% rate reduction on Personal Unsecured Signature Loans and 0.50% rate reduction on Vehicle Loans with a loan term of 37 months or higher.

1 Complete Checking Dividend Rates: To receive the stated dividend rate for a particular monthly qualification cycle, you must receive monthly eStatements, at minimum ten (10) debit card purchases per month must have posted and maintain an aggregate minimum direct deposit of $150.00 to this account per month. If account requirements are not met, the dividend rate on the entire balance is .0% for that monthly cycle.

Complete Checking accounts are Tiered Rate accounts. For these accounts, the specified Dividend Rate for a tier will apply only to the portion of the account balance that is within that tier. The annual percentage yields, which vary depending on the balance in the account, are shown for each tier.

 

2 Cash Back Checking Dividend Rates: To receive the stated dividend rate, accounts must receive eStatements each month.

 

3 In order to qualify for a Student Checking account you must: (1) be between the ages of 15 and 22; (2) you must have a valid student ID; and (3) if under 18, have a qualified adult joint owner.

  

4 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.

 

5 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.  

 

6 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.

 

7 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.

 

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.