Certificates of Deposits for Business
MECU Business CDs: High yields, low opening deposit minimums and flexible terms
CDs earn higher interest rates than basic savings accounts, offering risk-free investments with a guaranteed return. A MECU Certificate of Deposit could be perfect for your small business.
MECU CDs FEATURE LOW MINIMUM DEPOSIT REQUIREMENTS AND ARE AVAILABLE IN A VARIETY OF TERMS
REGULAR CERTIFICATE
Fixed interest rate. Higher rate than a standard savings account. $500 minimum deposit. Variety of term lengths
Rates as of: May 1, 2012 Certificates of Deposit* (Regular CD) |
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|---|---|---|---|
| Account Type | Interest Rate | (APY) Annual Percentage Yield |
Minimum Initial Deposit † |
| 60-month | 2.13 % | 2.15 % | $ 500 |
| 48-month | 1.79 % | 1.80 % | $ 500 |
| 36-month | 1.59 % | 1.60 % | $ 500 |
| 24-month | 1.29 % | 1.30 % | $ 500 |
| 18-month | 1.00 % | 1.00 % | $ 500 |
| 12-month | 0.95 % | 0.95 % | $ 500 |
| 9-month | 0.85 % | 0.85 % | $ 500 |
* Early withdrawal penalty may be imposed for withdrawal of principal before the maturity date. † Minimum balance in order to earn stated APY. |
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BUMP-UP CERTIFICATE
Take advantage of rising interest rates up to twice for investments with a 48–60 month term. When you bump up your rate, you will start to earn interest at the higher rate for the remainder of the term. If rates drop, you’re still earning at the new higher bump up rate.
Rates as of: May 1, 2012 Certificates of Deposit* (Bump-Up CD) |
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|---|---|---|---|
| Account Type | Interest Rate | (APY) Annual Percentage Yield |
Minimum Initial Deposit † |
| 60-month | 2.13 % | 2.15 % | $ 500 |
| 48-month | 1.79 % | 1.80 % | $ 500 |
| 36-month | 1.59 % | 1.60 % | $ 500 |
| 24-month | 1.29 % | 1.30 % | $ 500 |
* Early withdrawal penalty may be imposed for withdrawal of principal before the maturity date. † Minimum balance in order to earn stated APY. |
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SUPERFLEX CERTIFICATE
Make deposits into the account even during the term. Use Recurring Transfer to automatically contribute from any other MECU account. One-time, penalty-free withdrawal before the CD fully matures (remaining balance must be at least $1,000; withdrawals may not take place until seven business days from the initial deposit).
Rates as of: May 1, 2012 SuperFlex CD* |
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|---|---|---|---|
| Account Type | Interest Rate | (APY) Annual Percentage Yield |
Minimum Initial Deposit † |
| 11-month | 0.85 % | 0.85 % | $ 5,000 |
* Early withdrawal penalty may be imposed for withdrawal of principal before the maturity date. Only one withdrawal without paying a penalty will be permitted with the Superflex CD; the balance remaining must be at least $1,000. † Minimum balance to earn interest on SuperflexCD is $1,000. |
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AUTO-BUILD CERTIFICATE
Minimum deposit of $25.00. Make unlimited deposits during the term of the CD. Make enough contributions and your interest rate will increase automatically at $500, and then again at $5,000.
Rates as of: May 1, 2012 Certificates of Deposit* (Auto-Build CD) |
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|---|---|---|---|
| Account Type | Interest Rate | (APY) Annual Percentage Yield |
Minimum Initial Deposit † |
| 12 Month Term | |||
| $25 to $499.99 | 0.85 % | 0.85 % | $ 25 |
| $500 to $4,999.99 | 0.90 % | 0.90 % | $ 25 |
| $5,000 or more | 0.95 % | 0.95 % | $ 25 |
| 24 Month Term | |||
| $25 to $499.99 | 0.95 % | 0.95 % | $ 25 |
| $500 to $4,999.99 | 1.10 % | 1.10 % | $ 25 |
| $5,000 or more | 1.24 % | 1.25 % | $ 25 |
* Early withdrawal penalty may be imposed for withdrawal of principal before the maturity date. † Minimum balance in order to earn stated APY. |
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