Dividend Rates
Rates current as of
Regular Shares
|
Dividend Rate
|
Annual Percentage Yield (APY)
|
|
|
$5+
|
0.05%
|
0.05%
|
Individual Retirement Accounts (IRA)**
|
Dividend Rate
|
APY
|
|
|
IRA Share
|
0.45%
|
0.45%
|
|
Roth IRA Share
|
0.45%
|
0.45%
|
Checking Account**
|
Dividend Rate
|
APY
|
|
|
$100-$9,999
|
0.05%
|
0.05%
|
|
$10,000+
|
0.50%
|
0.50%
|
Term Certificate Accounts**
|
Minimum Balance: $500
|
Dividend Rate
|
APY
|
|
6 month
|
0.30%
|
0.30%
|
|
12 month
|
0.45%
|
0.45%
|
|
18 month
|
0.55%
|
0.55%
|
IRA & Roth Certificate Accounts**
|
Minimum Balance: $500
|
Dividend Rate
|
APY
|
|
6 month
|
0.35%
|
0.35%
|
| 12 month | 0.45% | 0.45% |
|
18 month
|
0.55%
|
0.55%
|
Dividends are credited to your account and compounded every month. *Regular Shares are paid quarterly. **Checking account, IRA and Certificates are paid monthly. MCCU computes the balance using the average monthly balance method, which applies a periodic rate to the average monthly balance in the account for the period. Penalty applies for early withdrawal. APR = Annual Percentage Rate. APY = Annual Percentage Yield. Fees may reduce earnings. Rates are subject to change without notice.