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Melrose Credit Union

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Savings Rates

Share Rates are declared by the Board of Directors at the end of each quarter.
Share Rates Effective for the quarter ending 9/30/14
Certificate Rates Effective 3/26/2014    

 

APY=Annual Percentage Yield
All Rates Are Subject To Change.

If you are opening a new account, the rate of your certificate will be the rate that is in effect the day your completed paperwork and funds are received.

 

Share Rates

  Rate Annual Percentage Yield (APY)
Share Savings Account 0.50% 0.50%
E-Z Checking* 0.25% 0.25%
IRA Savings Account 0.50% 0.50%

*Dividends are earned when a minimum daily balance of $500.00 is maintained on the E-Z Checking Account.

 

 

Share Certificates**

Term Rate Annual Percentage Yield (APY)
1 Year 1.15% 1.15%
2 Year 1.40% 1.41%
3 Year 1.65% 1.66%
4 Year 2.00% 2.02%
5 Year 2.25% 2.27%

**An early withdrawal penalty applies to all Share Certificate Accounts. All new share certificate purchases and renewals will compound dividends quarterly. The interest rate will be determined in the same manner as other share certificates, however due to the compounding there will be an APY on share certificates which is different than the rate. Please note that members will still have the option of having their quarterly dividend transferred to another share account. The minimum purchase for Share Certificates is $5,000.00. The minimum purchase for IRA Share Certificates is $4,000.00. Call or e-mail the Credit Union for certificate disclosure and application. (Additional limitations and regulations apply to IRA accounts. Please contact a Member Service representative for further information and disclosures).

 

 

IRA Share Certificates**

Term Rate Annual Percentage Yield (APY)
1 Year 1.15% 1.15%
2 Year 1.40% 1.41%
3 Year 1.65% 1.66%
4 Year 2.00% 2.02%
5 Year 2.25% 2.27%

**An early withdrawal penalty applies to all Share Certificate Accounts. All new share certificate purchases and renewals will compound dividends quarterly. The interest rate will be determined in the same manner as other share certificates, however due to the compounding there will be an APY on share certificates which is different than the rate. Please note that members will still have the option of having their quarterly dividend transferred to another share account. The minimum purchase for Share Certificates is $5,000.00. The minimum purchase for IRA Share Certificates is $4,000.00. Call or e-mail the Credit Union for certificate disclosure and application. (Additional limitations and regulations apply to IRA accounts. Please contact a Member Service representative for further information and disclosures).

 

 

Certificate Rates for Financial Institutions

Term Rate Annual Percentage Yield (APY)
1 Year 1.05% 1.05%
2 Year 1.30% 1.31%
3 Year 1.55% 1.56%
4 Year 1.90% 1.91%
5 Year 2.15% 2.17%

 

ATM/Shared Branch

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