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

Members First Credit Union CD

Unaffiliated
in CD Accounts from Members First Credit Union · Insured by NCUA
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Highlights
APY (Annual Percentage Yield) 0.25% - 1.02%
Minimum Opening Deposit Starting at $1,000
Certificate Term
  • 6 months
  • 11 months
  • 12 months
  • 15 months
  • 2 years
  • 27 months
  • 3 years
  • 4 years
  • 5 years

Members First Credit Union CD Review

Members First Credit Union CD is offered by Members First Credit Union, a credit union founded in 1936 and based in Midland, MI. Members First Credit Union CD is available in 1 state across the USA.

Key Takeaways

  • Only one CD account type available. Members First Credit Union CD only offers traditional CD accounts.
  • Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 1.02%, which is much higher than the national average for a certificate account.
  • $1,000 minimum deposit. This is a typical minimum initial deposit for the certificates we track.
  • Wide selection of certificate terms. Members First Credit Union CD allows you to create a certificate ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.

Pros & Cons of Members First Credit Union CD

Pros Cons
  • Insured by NCUA.
  • Multiple certificate terms available.
  • High-dividend yield
  • Only available in one state.
  • There isn't a no-penalty certificate option.
  • Does not offer an IRA CD.

Members First Credit Union CD FAQ

Are CDs from Members First Credit Union federally insured?

Yes, your Members First 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 Credit Union offer?

Members First Credit Union CD provides the following types of CDs.
  • Traditional CDs. These CDs pay a fixed interest rate if 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 Credit Union offer on its CDs?

Members First Credit Union CD offers an APY starting at 0.25% and ranging up to 1.02%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does Members First Credit Union CD offer?

Members First Credit Union offers CD terms of the following lengths:
Members First Credit Union CD Rates & Terms
Description
APY (Annual Percentage Yield) 0.25% - 1.02%
6-Month APY 0.25%
11-Month APY 0.3%
12-Month APY 0.36%
2-Year APY 0.46%
3-Year APY 0.61%
4-Year APY 0.76%
5-Year APY 1.02%

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

Members First Credit Union CD requires a minimum deposit of $1,000 to open an account.

What is the grace period for Members First Credit Union CD?

Members First Credit Union 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 Credit Union 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 Credit Union charges an early withdrawal fee.

Members First Credit Union does charge any of the fees we track.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Members First Credit Union CD

Saving money is hard work, and it is our job to make it easier on you. We have many deposit options available for you. Take a look to learn more about how to invest money with a CD (Certificate of Deposit). A CD (Certificate of Deposit) is a simple and secure way to save money in the form of a time deposit. It has a low minimum deposit and has short and long term options with competitive rates. The money must stay in the account for a certain length of time to earn the promised return. A CD generally earns more interest than a regular savings account.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 5:00pm
  • Saturday Closed

Other Services by Members First Credit Union

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Availability

  Available in 1 state
Michigan
Availabile in all of Michigan

Feature Breakdown

Minimum Opening Deposit Starting at $1,000
APY (Annual Percentage Yield) 0.25% - 1.02%
6-Month APY 0.25%
11-Month APY 0.3%
12-Month APY 0.36%
2-Year APY 0.46%
3-Year APY 0.61%
4-Year APY 0.76%
5-Year APY 1.02%
Certificate Term
  • 6 months
  • 11 months
  • 12 months
  • 15 months
  • 2 years
  • 27 months
  • 3 years
  • 4 years
  • 5 years
CD Accounts Traditional

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Members First Credit Union CD Accounts

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