Share Certificates of Deposit

Certificates of Deposit are a terrific way to save for a special purpose. Our CDs are designed to give you the most competitive rates available, combined with the safety and security you associate with this popular investment. There is a substantial interest penalty for early withdrawal from any of these certificates. Call a member service representative today at (906) 482-5005.

Notice for all Certificate of Deposits

When a CD matures, the funds will automatically renew into a new CD with the current rate. If you would not like the funds to transfer into a new CD, please notify your credit union prior to the maturity date.

 

 
CD Rates at the Credit Union

Minimum $500 deposit
Rates current as of March 24, 2008

Term Rate APY*
3 Month 2.50% 2.524%
6 Month 2.50% 2.524%
12 Month 2.50% 2.524%
24 Month 2.75% 2.778%
36 Month 3.00% 3.034%
48 Month 3.00% 3.034%
60 Month 3.25% 3.290%
Youth CD (17 yrs and under; $125 minimum)    
6 Month 2.50% 2.524%

*Annual Percentage Yield. Rates subject to change without notice. The credit union is insured by the
National Credit Union Administration.

Upon maturity, CDs are reinvested in a new CD at the current interest rate.

 

  
 
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Michigan Tech Employees Federal Credit Union • 700 E. Sharon Avenue • Houghton MI 49931
(906) 482-5005 • memberservices@mtefcu.org • www.mtefcu.org