MECU Regular CD Review

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

Are cd accounts from MECU federally insured?

Yes, your MECU cd accounts are insured up to $250,000 per person by the National Credit Union Share Insurance Fund (NCUSIF). Individual Retirement Accounts (IRA) are insured separately up to $250,000. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.

What types of CDs does MECU offer?

• IRA
• Traditional

What APY does MECU offer on its CDs?

MECU Regular CD offers an APY starting at 0.20% and ranging up to 0.65% (APY stands for annual percentage yield, rates may change).

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

MECU Regular CD requires a minimum initial deposit of $500 to open an account.

What types of early withdrawal penalties does MECU Regular 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.