MECU SuperFlex CD Review
MECU is a credit union based in Baltimore, MD. It was founded in 1936 and offers banking services in 1 state across the USA.
Is MECU SuperFlex CD insured by the FDIC?
MECU SuperFlex CD is not a member of the Federal Deposit Insurance Corporation (FDIC). This means your deposits are not covered by the FDIC if MECU SuperFlex CD were to fall into financial difficulties.
What types of CDs does MECU offer?
What APY does MECU offer on its CDs?
MECU SuperFlex CD offers an APY of 1.90% (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 types of terms does MECU SuperFlex CD offer?MECU offers CD terms of the following lengths:
|APY Type||Fixed APY|
What is the minimum deposit to open a CD account with MECU?
MECU SuperFlex CD requires a minimum initial deposit of $5,000 to open an account.
What types of early withdrawal penalties does MECU SuperFlex 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.
|No Early Withdrawal Fee?||Yes|