Michigan Educational CU Go to main content
Home > Checking & Savings > Deposit Rates

Deposit Rates

 

Share Savings
Effective Date: 04/01/2017
NameAPY
Regular Share Savings .15%
Christmas Club .15%
Vacation Club .15%
The minimum balance in these accounts is just $5.00. Rates may change at any time. Fees, which could be assessed for other services available through the credit union could reduce the earnings on these accounts. There is no fee however to maintain a Share Savings, Vacation or Christmas Club account. * Rates are subject to change at any time.

Share Certificates
Effective Date: 04/24/2017
TermAPY*Minimum Amount
91 Days 0.40% $2,500
182 Days 0.50% $2,500
365 Days 0.80% $2,500
18 Months 0.80% $5,000
24 Months 1.05% $5,000
30 Months 1.05% $5,000
36 Months 1.30% $5,000
48 Months 1.70% $5,000
60 Months 2.05% $5,000
Rates are subject to change at any time without notice. Please call for the most current rates.
*Annual Percentage Yields

IRA Share Certificates
Effective Date: 04/24/2017
TermAPYMinimum Amount
91 Days 0.40% $2,000
182 Days 0.50% $2,000
365 Days 0.80% $2,000
18 Months 0.80% $2,000
24 Months 1.05% $2,000
30 Months 1.05% $2,000
36 Months 1.30% $2,000
48 Months 1.70% $2,000
60 Months 2.05% $2,000
IRA Share Certificate Annual Percentage Yields are subject to change at any time. The minimum required amount for an IRA Share Certificate is $2,000 with additional increments of $500. IRA Share Certificate dividends are compounded quarterly. A penalty will be imposed for early withdrawal. The APY assumes dividends remain on deposit until maturity. A withdrawal will reduce your earnings.

Retirement Accounts
Effective Date: 04/01/2017
NameAPY
Individual Retirement Account (IRA) 0.30%
Deferred Compensation Account 0.30%
A $50 minimum deposit is required to open an IRA share account. There are no fees or service charges levied against IRA share accounts. The Annual Percentage Yields above are subject to change at any time.

Share Draft/Checking
Effective Date: 04/01/2017
NameAPY
Share Draft/Checking .05%
Rates may change at any time. Fees, which could be assessed for other services available through the credit union could reduce the earnings on these accounts. There is no fee however to maintain a Share Draft/Checking account.

Go to main navigation
Michigan Educational Credit Union,
9200 Haggerty Road Plymouth, MI 48170
Dedicated to serving the financial needs of our community since 1942.
National Credit Union Administration
This Credit Union is federally-insured by the National Credit Union Administration
We do business in accordance with the Fair Housing Law
Equal Housing Lender