
MembersFirst CU Succeed Certificates of Deposit
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Minimum Opening Deposit | Starting at $500 |
Certificate Term |
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APY (Annual Percentage Yield) | 0.3% - 1.1% |
MembersFirst CU Succeed Certificates of Deposit Review
MembersFirst CU Succeed Certificates of Deposit is offered by Members First Credit Union, founded in 1936 and based in Midland, MI. MembersFirst CU Succeed Certificates of Deposit is available in 1 state across the USA.
- Only one CD account type available. MembersFirst CU Succeed Certificates of Deposit only offers CD accounts.
- Very high APY. This account offers an annual percentage yield of up to 1.1%, which is much higher than the national average for a CD account.
- $500 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
- Wide selection of CD terms. MembersFirst CU Succeed Certificates of Deposit allows you to create a CD 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.
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Are cd accounts from Members First Credit Union federally insured?
No, your Members First Credit Union cd accounts are not insured by a federal insurance agency. This means that if Members First Credit Union 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 Members First Credit Union offer?
MembersFirst CU Succeed Certificates of Deposit 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 Credit Union offer on its CDs?
MembersFirst CU Succeed Certificates of Deposit offers an APY starting at 0.3% and ranging up to 1.1%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.
What terms does MembersFirst CU Succeed Certificates of Deposit offer?
Members First Credit Union offers CD terms of the following lengths:Description | |
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APY (Annual Percentage Yield) | 0.3% - 1.1% |
3-Month APY | 0.3% |
6-Month APY | 0.4% |
12-Month APY | 0.7% |
2-Year APY | 0.9% |
3-Year APY | 0.95% |
4-Year APY | 1.05% |
5-Year APY | 1.1% |
What is the minimum deposit to open a CD account with Members First Credit Union?
MembersFirst CU Succeed Certificates of Deposit requires a minimum deposit of $500 to open an account.
What is the grace period for MembersFirst CU Succeed Certificates of Deposit?
MembersFirst CU Succeed Certificates of Deposit 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 MembersFirst CU Succeed Certificates of Deposit 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 does not charge an early withdrawal fee.
Members First Credit Union does not seem to charge any of the fees we track.
Message From Members First Credit Union
Contact
- Headquarters
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P.O. Box 2165
Midland, MI 48641 USA - Visit Site
- Email Support
Other Services by Members First Credit Union
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Feature Breakdown
Minimum Opening Deposit | Starting at $500 |
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