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Rates
are current as of July 1, 2008 and are subject to change.
For complete information request a Truth-in-Savings disclosure or
current rate sheet from MECU.
Since
1981, MECU has paid its members a cash bonus at the end of the year.
In 2008, MECU will pay it twice - in June and December. The interest
rates listed below will be higher for 2008 because of the cash bonus.
|
| Account Type |
Dividend Rate |
Annual Percentage Yield (APY) |
|
|
Minimum Initial Deposit± |
|
|
|
|
|
|
†Share Savings*
|
1.50%
|
1.51%
|
–
|
–
|
$5.00
|
| Account Type |
Interest Rate |
Annual Percentage Yield (APY) |
Interest Rate |
Annual
Percentage
Yield (APY) |
Minimum Initial Deposit± |
|
|
|
|
|
|
†Money Market Account
|
--
|
--
|
--
|
--
|
--
|
Less than $500
|
0.00%
|
0.00%
|
--
|
--
|
$ 500
|
$500 - $9,999
|
1.50%
|
1.51%
|
--
|
--
|
--
|
$10,000 - $24,999
|
1.98%
|
2.00%
|
--
|
--
|
--
|
$25,000 - $49,999
|
2.28%
|
2.30%
|
--
|
--
|
--
|
$50,000 - $74,999
|
2.57%
|
2.60%
|
--
|
--
|
--
|
$75,000 - $99,999
|
2.57%
|
2.60%
|
--
|
--
|
--
|
$100,000 or more
|
2.81%
|
2.85%
|
--
|
--
|
--
|
†Premier Money Market
|
--
|
--
|
--
|
--
|
--
|
Less than $500
|
0.50%
|
0.50%
|
--
|
--
|
$ 50,000
|
$500 - $9,999
|
1.50%
|
1.51%
|
--
|
--
|
--
|
$10,000 - $49,999
|
1.69%
|
1.70%
|
--
|
--
|
--
|
$50,000 - $99,999
|
2.91%
|
2.95%
|
--
|
--
|
--
|
$100,000 - $149,999
|
3.06%
|
3.10%
|
--
|
--
|
--
|
$150,000 - $499,999
|
3.30%
|
3.35%
|
--
|
--
|
--
|
$500,000 - $2,499,999
|
3.49%
|
3.55%
|
--
|
--
|
--
|
$2,500,000 or more
|
3.74%
|
3.80%
|
--
|
--
|
--
|
†Christmas Savings
|
1.50%
|
1.50%
|
--
|
--
|
$5.00
|
†Pay All Year Savings
|
1.50%
|
1.50%
|
--
|
--
|
$5.00
|
†Budget Savings
|
1.50%
|
1.51%
|
--
|
--
|
$5.00
|
†Checking Accounts
|
0.75%
|
0.75%
|
--
|
--
|
$25.00
|
††Certificates of Deposit
Regular, IRA or Roth IRA**
|
Regular CD
|
–
|
Bump-Up CD
|
–
|
–
|
60-month
|
4.04%
|
4.10%
|
4.04%
|
4.10%
|
$ 500
|
48-month
|
3.84%
|
3.90%
|
3.84%
|
3.90%
|
$ 500
|
36-month
|
3.75%
|
3.80%
|
3.75%
|
3.80%
|
$ 500
|
24-month
|
3.65%
|
3.70%
|
3.65%
|
3.70%
|
$ 500
|
18-month
|
3.55%
|
3.60%
|
Not available
|
Not available
|
$ 500
|
12-month
|
3.26%
|
3.30%
|
Not available
|
Not available
|
$ 500
|
9-month
|
2.97%
|
3.00%
|
Not available
|
Not available
|
$ 500
|
††Auto-Build
Certificate of Deposit
Regular or IRA
|
|
|
|
|
|
12 Month - $25 to $500
|
2.67%
|
2.70%
|
Not available
|
–
|
$25.00
|
12 Month - $500.01 to $4,999
|
2.97%
|
3.00%
|
Not available
|
–
|
–
|
12 Month - $5,000 or more
|
3.26%
|
3.30%
|
Not available
|
–
|
–
|
24 Month - $25 to $500
|
2.87%
|
2.90%
|
Not available
|
–
|
$25.00
|
24 Month - $500.01 to $4,999
|
3.21%
|
3.25%
|
Not available
|
–
|
–
|
24 Month - $5,000 or more
|
3.46%
|
3.51%
|
Not available
|
–
|
–
|
††SuperFlex CD
11-month
|
3.16%
|
3.20%
|
–
|
–
|
$ 5,000
|
†Individual Retirement
Accounts-Regular
|
1.50%
|
1.51%
|
–
|
–
|
$25.00
|
†Individual Retirement
Accounts-Roth
|
1.50%
|
1.51%
|
–
|
–
|
$25.00
|
†Education Savings IRA
|
3.36%
|
3.40%
|
--
|
--
|
$25.00
|
|
|
*Proposed
Dividend Rate and Annual Percentage Yield for the current period.
**Roth IRA CD not available as a Bump-up, Auto-Build or Superflex
CD.
† Fees could reduce the earnings on the account. The rate
may change after the account is opened.
†† 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 in order to earn interest. No minimum
balance required to earn interest on checking. Minimum balance
to earn interest on SuperflexCD is $1,000.
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