MECU Auto-Build CD Review

MECU Auto-Build CD is offered by MECU, a credit union founded in 1936 and based in Baltimore, MD. MECU Auto-Build CD is available in 1 state across the USA.

Are cd accounts from MECU federally insured?

No, your MECU cd accounts are not insured by a federal insurance agency. This means that if MECU were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

What types of CDs does MECU offer?

• IRA
• Traditional

What APY does MECU offer on its CDs?

MECU Auto-Build CD offers an APY starting at 1.55% and ranging up to 2.05% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1% APY.

What is the minimum deposit to open a CD account with MECU?

MECU Auto-Build CD requires a minimum initial deposit of $25 to open an account.

What types of early withdrawal penalties does MECU Auto-Build CD charge?

Financial institutions don't typically charge many fees on certificate of deposit accounts. However, some do charge a fee if you chooose to withdrawal your money before the CD term ends.

MECU does not charge an early withdrawal fee.