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  Members First Community Credit Union Save to Win CD

Members First Community Credit Union Save to Win CD

in CD Accounts from Members First Community Credit Union · ncua

Unaffiliated

Members First Community Credit Union Save to Win CD

Unaffiliated

in CD Accounts from Members First Community Credit Union · Insured by NCUA

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Highlights
Minimum Opening Deposit Starting at $25
Certificate Term 12 months
APY (Annual Percentage Yield) 0.30%

Members First Community Credit Union Save to Win CD Review

Members First Community Credit Union Save to Win CD is offered by Members First Community Credit Union, a credit union founded in 1954 and based in Quincy, IL. Members First Community Credit Union Save to Win CD is available in 1 state across the USA.

Key Takeaways
  • Only one CD account type available. Members First Community Credit Union Save to Win CD only offers traditional CD accounts.
  • Very high APY. This account offers an annual percentage yield of up to 0.30%, which is much higher than the national average for a certificate account.
  • Small minimum initial deposit. You only need $25 to open an account.
  • Limited selection of CD terms. Members First Community Credit Union Save to Win CD only offers one CD terms. This limits your options when trying to set up a certificate ladder.
Pros & Cons of Members First Community Credit Union Save to Win CD
Pros Cons
  • Insured by NCUA.
  • High-dividend yield
  • No charge on incoming domestic or international wire transfers.
  • Only available in one state.
  • Poor selection of certificate terms.
  • There isn't a no-penalty certificate option.
  • Does not offer an IRA CD.
Members First Community Credit Union Save to Win CD FAQ

Are cd accounts from Members First Community Credit Union federally insured?

Yes, your Members First Community Credit Union cd accounts are insured up to $250,000 per share owner for each account ownership category. 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 Members First Community Credit Union offer?

Members First Community Credit Union Save to Win CD provides the following types of CDs.
  • Traditional CDs. These CDs pay a fixed interest rate i you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or rolling over the CD for another term.

What CD rates does Members First Community Credit Union offer on its CDs?

The CD rates for this account have an APY of0.30% (APY stands for annual percentage yield, rates may change).

What terms does Members First Community Credit Union Save to Win CD offer?

Members First Community Credit Union offers CD terms of the following lengths:
Members First Community Credit Union Save to Win CD Rates & Terms
Description
12-Month APY 0.30%
APY (Annual Percentage Yield) 0.30%

What is the minimum deposit to open a CD account with Members First Community Credit Union?

Members First Community Credit Union Save to Win CD requires a minimum deposit of $25 to open an account.

What is the grace period for Members First Community Credit Union Save to Win CD?

Members First Community Credit Union Save to Win CD does not specify what their grace period is. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does Members First Community Credit Union Save to Win CD charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the CD term ends.

Members First Community Credit Unioncharges an early withdrawal fee of $25.

Members First Community Credit Union Save to Win CD Fees
Description
Early Withdrawal Fee Amount $25
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Message From Members First Community Credit Union Save to Win CD

There's nothing to lose with Save to Win. Sometimes we need a little extra nudge to add to that savings stash we’ve been meaning to start. Whether it’s an emergency or vacation fund, Save to Win is the answer!

Save to Win is a program that gives you a chance to win monthly and quarterly prizes every time you add to your Certificate of Deposit (CD). Open a special Save to Win CD and for every $25.00 you deposit into the account, you will be entered into the contest – up to 10 entries per month. The Save to Win account is a 12-month certificate that you can open with as little as $25. Because it’s a special account, some things are a little different than our typical CD. Talk to a member of our team at a branch or by calling us to open your Save to Win account.

Availability

  Available in 1 state
Illinois
Availabile in all of Illinois

Feature Breakdown

Minimum Opening Deposit Starting at $25
12-Month APY 0.30%
APY (Annual Percentage Yield) 0.30%
CD Accounts Traditional
Certificate Term 12 months

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