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Metro Credit Union Savings Account Rates

Rates effective as of 08/01/2014

Savings Account Rates

Product NameAPY*Interest RateMinimum Balance
to earn interest
Minimum Balance
to open
Regular Savings0.10%0.10%$25$5
Christmas Club0.10%0.10%$25$10
Vacation Club0.10%0.10%$25$10
SMART Savings0.10%0.10%$25$5
SMART Club0.10%0.10%$25$5

*Annual Percentage Yield. Rates are variable and subject to change after account opening without notice. Fees may reduce earnings. Dividends are compounded and paid monthly. Regular Savings/Secondary Savings accounts have a Low balance fee of $2 if the month end balance is less than $150, and there is no associated loan product.
 

My Reward Savings Account Rates

Product NameAPY*Interest RateMethod of CompoundingTier Balance
My Reward Savings2.00%1.98%Monthly$25 - $3,000
0.10%0.10%MonthlyOver $3,000

*Annual Percentage Yield of 2.00% as of 03/10/2014 on daily balances of $25 to $3,000; deposits above $3,000 earn 0.10% APY. Minimum to earn interest is $25. Rates are variable and subject to change after account opening without notice.  Minimum balance to open is $5. Fees may reduce earnings. Limit one savings account per person. Must be linked to My Reward Checking Account.
 

High Yield Savings Account Rates

APY*Interest RateMinimum Balance Requirement
0.15%0.15%Up to $10,000
0.20%0.20%$10,000 to under $25,000
0.25%0.25%$25,000 to under $50,000
0.30%0.30%$50,000 or more

*Annual Percentage Yield (APY)  is based on daily balances. (APY) is a variable rate and may vary after account opening and is subject to change without notice.  High Yield Savings Account rates may change throughout the month and will affect the monthly interest payment. Fees may reduce earnings. High Yield Savings Accounts cannot be accessed using ATM or Debit Card. $10,000 minimum opening deposit is required. Minimum transaction of $10,000 for withdrawals. Non qualifying transaction fee of $25 each for any withdrawal under $10,000 in a statement period. Low balance fee of $25 if at any time during the month the balance falls below $10,000.
 

Money Market Account Rates

APY*Interest RateMinimum Balance Requirement
0.15%0.15%$2,000 to under $10,000
0.20%0.20%$10,000 to under $25,000
0.25%0.25%$25,000 to under $50,000
0.30%0.30%$50,000 to under $75,000
0.35%0.35%$75,000 or more

*Annual Percentage Yield. Rates are variable and subject to change after account opening without notice.  Fees may reduce earnings. Balances below $2,000 will revert to regular savings rate. Minium balance to open is $2,000. Dividends are compounded and paid monthly. Low balance fee of $5 if month end balance is less than $2000.


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Certificate of Deposit Rate Table

TermAPY*RateMinimum Balance Requirement
3 Months0.15%0.15%$500
6 Months0.20%0.20%$500
12 Months0.45%0.45%$500
12 Months SMART Kids0.45%0.45%$100
12 Months SMART Teens & Students0.45%0.45%$250
18 Months0.65%0.65%$500
24 Months0.75%0.75%$500
36 Months0.90%0.90%$500
60 Months1.25%1.24%$500

*Annual Percentage Yield. CD Rates are subject to change without notice. Fees could reduce earnings. Terms less than 12 months earn simple interest paid at maturity.  Dividends are compounded daily and paid monthly on terms greater than 12 months. SMART CD basis points equal to childs age is added to 12 month rate. (Example: If 12 month rate is 0.55% and child is age 15, the rate would be 0.70%). Federal regulations require a penalty for early withdrawal on all time deposits. Minimum balance to open a CD is $500.


IRA Rate Table

ProductAPY*Interest rateMinimum Balance Requirement
IRA Accumulator0.50%0.50%$10/Week
Roth, Education Accumulator0.50%0.50%$10/Week

*Annual Percentage Yield. Rates are variable and subject to change after account opening without notice.  Minimum balance to open is $10. Minimum to earn interest is $25. Fees may reduce earnings. Dividends are compounded daily and paid monthly.


IRA Certificate of Deposit Rate Table

TermAPY*RateMinimum Balance Requirement
12 Months0.55%0.55%$500
18 Months0.70%0.70%$500
24 Months0.80%0.80%$500
36 Months1.00%1.00%$500
60 Months1.30%1.29%$500

*Annual Percentage Yield. IRA CD rates are subject to change without notice. Fees could reduce earnings. Dividends are compounded daily and paid monthly. Federal regulations require a penalty for early withdrawal on all time deposits. Minimum balance to open an IRA CD is $500.