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  Mountain America Credit Union Term Deposit Account

Mountain America Credit Union Term Deposit Account

in CD Accounts from Mountain America Credit Union · Member ncua

Unaffiliated

Mountain America Credit Union Term Deposit Account

Unaffiliated

in CD Accounts from Mountain America Credit Union · Member NCUSIF

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Highlights
Minimum Opening Deposit Starting at $500
Deposit Term
  • 6 months
  • 12 months
  • 18 months
  • 2 years
  • 30 months
  • 3 years
  • 4 years
  • 5 years
APY (Annual Percentage Yield) 0.20% - 0.70%

Mountain America Credit Union Term Deposit Account Review

Mountain America Credit Union Term Deposit Account is offered by Mountain America Credit Union, a credit union founded in 1934 and based in West Jordan, UT. Mountain America Credit Union Term Deposit Account is available in 5 states across the USA.

Key Takeaways
  • Only one CD account type available. Mountain America Term Deposit only offers traditional CD accounts.
  • Very high APY. This account offers an annual percentage yield of up to 0.70%, which is much higher than the national average for a CD account.
  • $500 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit.
  • Wide selection of CD terms. Mountain America Term Deposit allows you to create a CD ladder by spreading your cash across certificates of deposit with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.
Pros & Cons of Mountain America Credit Union Term Deposit Account
Pros Cons
  • NCUSIF insured.
  • Multiple CD terms available.
  • High-interest yield.
  • No charge on incoming domestic or international wire transfers.
  • Only available in 5 states.
  • There isn't a no-penalty CD option.
  • Does not offer an IRA CD.
Mountain America Credit Union Term Deposit Account FAQ

Are cd accounts from Mountain America Credit Union federally insured?

Yes, your Mountain America Credit Union cd accounts are insured up to $250,000 per person by the National Credit Union Share Insurance Fund (NCUSIF). Individual Retirement Accounts (IRA) are insured separately up to $250,000. 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 Mountain America Credit Union offer?

Mountain America Term 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 Mountain America Credit Union offer on its CDs?

Mountain America Term Deposit offers an APY starting at 0.20% and ranging up to 0.70%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does Mountain America Term Deposit offer?

Mountain America Credit Union offers CD terms of the following lengths:
Mountain America Credit Union Term Deposit Account Rates & Terms
Description
2-Year APY 0.40%
3-Year APY 0.50%
4-Year APY 0.65%
5-Year APY 0.70%
6-Month APY 0.2%
12-Month APY 0.25%
APY (Annual Percentage Yield) 0.20% - 0.70%

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

Mountain America Term Deposit requires a minimum deposit of $500 to open an account.

What is the grace period for Mountain America Term Deposit?

There is a 10-day grace period for Mountain America Term Deposit. 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 10-day 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 Mountain America Term 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.

Mountain America Credit Union does not charge an early withdrawal fee.

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Contact

  • Headquarters
  •   7181 S Campus View Dr
    West Jordan, UT 84084
  •   Visit Site

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 Mountain America Credit Union

Availability

  Available in 5 states
  • Arizona
  • Idaho
  • Nevada
  • New Mexico
  • Utah

Feature Breakdown

Minimum Opening Deposit Starting at $500
2-Year APY 0.40%
3-Year APY 0.50%
4-Year APY 0.65%
5-Year APY 0.70%
6-Month APY 0.2%
12-Month APY 0.25%
APY (Annual Percentage Yield) 0.20% - 0.70%
CD Accounts Traditional
Grace Period for Account Changes 10 days
Deposit Term
  • 6 months
  • 12 months
  • 18 months
  • 2 years
  • 30 months
  • 3 years
  • 4 years
  • 5 years

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