Share Certificate of Deposits
Certificates of Deposit are a terrific way to save for a special purpose. Our CDs are designed to give you the most competitive dividend 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 MTEFCU 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 dividend 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 Dividend Rates at your MTEFCU
Minimum $500 deposit
Dividend rates current as of November 6, 2009
| Term | Dividend Rate | APY* |
| 6 Month | 1.10% | 1.105% |
| 12 Month | 1.15% | 1.155% |
| 24 Month | 1.75% | 1.762% |
| 36 Month | 2.00% | 2.015% |
| 48 Month | 2.25% | 2.269% |
| 60 Month | 2.50% | 2.524% |
| Youth CD (17 yrs and under; $125 minimum) | ||
| 6 Month | 1.10% | 1.105% |
*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 dividend rate.
