Dividends
CHECKING/SAVING MONEY MARKET/HOLIDAY CLUB/VACATION CLUB TERM CERTIFICATE IRA
|
| Savings | 0.30% | 0.30% | minimum balance $25 - compounding daily |
Checking
| 0.00%
| 0.00%
| no minimum balance - compounding daily
|
| Value Plan | 0.00% | 0.00% | no minimum balance |
| Value Plan Plus* | 0.25% | 0.25% | $1,000 - $1,999 balance - compounding daily |
| | 0.60% | 0.60% | $2,000 and above - compounding daily |
*$6 monthly fee on balances below $1,000 + no dividend earned for that period
|
| Money Market | 1.50%
| 1.51%
| Balances $1,500-$9,999
|
| 2.00% | 2.02% | Balances $10,000-$24,999 |
| 2.25% | 2.27% | Balances $25,000-$39,999 |
| 2.50% | 2.53% | Balances $40,000-$74,999 |
| 3.05% | 3.09% | Balances $75,000 and above |
| Holiday Club | 0.60% | 0.60% | Funds disbursed in November |
| Vacation Club | 0.60% | 0.60% | Funds disbursed in May |
| Back to School Club | 0.60% | 0.60% | Funds disbursed in July |
APY = Annual Percentage Yield
Term Certificate*
(Term Certificates are available from 3 months to 5 years)
|
| 3 mos | 2.25% | 2.27% | Paid monthly - min. balance $500 |
| 6 mos | 2.50% | 2.53% | Paid monthly - min. balance $500 |
| 12 mos | 3.25% | 3.30% | Paid monthly - min. balance $500 |
| 13 mos | 3.90%* | 3.97%* | Paid monthly - min. balance $500 |
| 15 mos | 3.25% | 3.30% | Paid monthly - min. balance $500 |
| 18 mos | 3.25% | 3.30% | Paid monthly - min. balance $500 |
| 24 mos | 3.25% | 3.30% | Paid monthly - min. balance $500 |
| 30 mos | 3.25% | 3.30% | Paid monthly - min. balance $500 |
| 36 mos | 3.75% | 3.82% | Paid monthly - min. balance $500 |
| 48 mos | 3.75% | 3.82% | Paid monthly - min. balance $500 |
| 60 mos | 3.75% | 3.82% | Paid monthly - min. balance $500 |
APY = Annual Percentage Yield
* APY Effective 11/17/08. $500 minimum. Dividend rate and APY quoted includes Relationship Pricing program, which gives members the ability to earn an additional 0.25%. This program applies to MAFCU members with a MAFCU checking account and a MAFCU loan or VISA credit card. Rates subject to change without notice. Penalty for early withdrawal.
IRA* (Traditional, Roth, Coverdell Education Savings Account**)
|
| 6 mos | 2.75% | 2.78% | Paid monthly - min. balance $500 |
| 12 mos | 3.50% | 3.56% | Paid monthly - min. balance $500 |
| 18 mos | 3.50% | 3.56% | Paid monthly - min. balance $500 |
| 24 mos | 3.50% | 3.56% | Paid monthly - min. balance $500 |
| 30 mos | 3.50% | 3.56% | Paid monthly - min. balance $500 |
| 36 mos | 4.00% | 4.07% | Paid monthly - min. balance $500 |
| 48 mos | 4.00% | 4.07% | Paid monthly - min. balance $500 |
| 60 mos | 4.00% | 4.07% | Paid monthly - min. balance $500 |
| Share IRA | 0.60% | 0.60% | Paid monthly |
| Roth IRA | 0.60% | 0.60% | Paid monthly |
APY = Annual Percentage Yield
*Only $500.00 minimum deposit required. Deposits of $100,000 and above receive an additional .25% above stated rate.
**2 1/2 yr term not available for Education IRAs.
All dividend and interest rates are subject to change without notice.