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  MembersFirst Credit Union MembersFirst 55+ Certificates of Deposit

MembersFirst Credit Union MembersFirst 55+ Certificates of Deposit

in CD Accounts from MembersFirst Credit Union · ncua

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MembersFirst Credit Union MembersFirst 55+ Certificates of Deposit

Unaffiliated

in CD Accounts from MembersFirst Credit Union · Insured by NCUA

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Highlights
Minimum Opening Deposit Starting at $1,000
Certificate Term
  • 3 months
  • 6 months
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
  • 18 months
APY (Annual Percentage Yield) 0.3% - 1.10%

MembersFirst Credit Union MembersFirst 55+ Certificates of Deposit Review

MembersFirst Credit Union MembersFirst 55+ Certificates of Deposit is offered by MembersFirst Credit Union, a credit union founded in 1953 and based in Decatur, GA. MembersFirst Credit Union MembersFirst 55+ Certificates of Deposit is available in 1 state across the USA.

Key Takeaways
  • Only one CD account type available. MembersFirst Credit Union MembersFirst 55+ Certificates of Deposit only offers traditional CD accounts.
  • Very high APY. This account offers an annual percentage yield of up to 1.10%, 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. MembersFirst Credit Union MembersFirst 55+ Certificates of Deposit 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 MembersFirst Credit Union MembersFirst 55+ Certificates of Deposit
Pros Cons
  • Insured by NCUA.
  • Multiple certificate terms available.
  • High-dividend yield
  • No charge on incoming domestic or international wire transfers.
  • Only available in one state.
  • There isn't a no-penalty certificate option.
  • Does not offer an IRA CD.
MembersFirst Credit Union MembersFirst 55+ Certificates of Deposit FAQ

Are cd accounts from MembersFirst Credit Union federally insured?

Yes, your MembersFirst 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 MembersFirst Credit Union offer?

MembersFirst Credit Union MembersFirst 55+ 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 MembersFirst Credit Union offer on its CDs?

MembersFirst Credit Union MembersFirst 55+ Certificates of Deposit offers an APY starting at 0.3% and ranging up to 1.10%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does MembersFirst Credit Union MembersFirst 55+ Certificates of Deposit offer?

MembersFirst Credit Union offers CD terms of the following lengths:
MembersFirst Credit Union MembersFirst 55+ Certificates of Deposit Rates & Terms
Description
2-Year APY 0.90%
3-Month APY 0.30%
3-Year APY 0.95%
4-Year APY 1.05%
5-Year APY 1.10%
6-Month APY 0.40%
12-Month APY 0.70%
APY (Annual Percentage Yield) 0.3% - 1.10%

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

MembersFirst Credit Union MembersFirst 55+ Certificates of Deposit requires a minimum deposit of $1,000 to open an account.

What is the grace period for MembersFirst Credit Union MembersFirst 55+ Certificates of Deposit?

MembersFirst Credit Union MembersFirst 55+ 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 Credit Union MembersFirst 55+ 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.

MembersFirst Credit Union does not charge an early withdrawal fee.

MembersFirst Credit Union does not seem to charge any of the fees we track.

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Message From MembersFirst Credit Union MembersFirst 55+ Certificates of Deposit

MembersFirst is a not-for-profit financial cooperative insured by the National Credit Union Administration (NCUA). We offer a full suite of financial services specializing in savings and checking accounts, consumer loans, credit cards and mortgages.

MembersFirst 55+ Accounts. Participants in the MembersFirst 55+ Plus program receive a premium rate on all CDs and can request a one-time step up rate on certificates with a term of 2 years or more. We honor the sacrifices and commitment that our more experienced members made along the way. We feel that you have earned the privilege of a wide range of products, services and special benefits. Our MembersFirst 55+ program is designed especially for our members 55 years old or better. Enjoy: Discounted rates on safe deposit box rental at select locations. Free money orders, Preferred rates on loans and lines of credit, Unlimited free ATM withdrawals at all MembersFirst Credit Union ATMs and CU Here Network ATMs, Worldwide access at CIRRUS and Pulse Network ATMs.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 4:30pm
  • Tuesday 9:00am - 4:30pm
  • Wednesday 10:00am - 4:30pm
  • Thursday 9:00am - 4:30pm
  • Friday 9:00am - 4:30pm
  • Saturday 9:00am - 1:00pm

Other Services by MembersFirst Credit Union

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View all cd accounts offered by MembersFirst Credit Union

Availability

  Available in 1 state
Georgia
Availabile in all of Georgia

Feature Breakdown

Minimum Opening Deposit Starting at $1,000
2-Year APY 0.90%
3-Month APY 0.30%
3-Year APY 0.95%
4-Year APY 1.05%
5-Year APY 1.10%
6-Month APY 0.40%
12-Month APY 0.70%
APY (Annual Percentage Yield) 0.3% - 1.10%
CD Accounts Traditional
Certificate Term
  • 3 months
  • 6 months
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
  • 18 months

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