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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 · Insured by NCUA
Unaffiliated

Mountain America Credit Union Term Deposit Account

Unaffiliated
in CD Accounts from Mountain America Credit Union · Insured by NCUA
Net Recommendation Score +100  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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1 user recommends
0 users are unsure
0 users don't recommend
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Highlights
Community Rating

Rating not yet determined  

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

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 certificate account.
  • $500 minimum deposit. This is a typical minimum initial deposit for the certificates we track.
  • Wide selection of certificate terms. Mountain America Term 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 Mountain America Credit Union Term Deposit Account

Pros Cons
  • Insured by NCUA.
  • Multiple certificate terms available.
  • High-dividend yield
  • Only available in 5 states.
  • There isn't a no-penalty certificate option.
  • Does not offer an IRA CD.

Mountain America Credit Union Term Deposit Account FAQ

Are CDs from Mountain America Credit Union federally insured?

Yes, your Mountain America 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 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
APY (Annual Percentage Yield) 0.20% - 0.70%
6-Month APY 0.2%
12-Month APY 0.25%
2-Year APY 0.40%
3-Year APY 0.50%
4-Year APY 0.65%
5-Year APY 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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Message From Mountain America Credit Union

Mountain America’s certificates are a great way to earn competitive dividends on safe, long-term investments. With a Mountain America certificate, you set aside funds for a set period of time—between 6 to 60 months—and in return, you receive a higher dividends rate than with a traditional online savings account and are insured up to at least $250,000 by NCUA. The longer your certificate term, the more you earn. It’s a simple way to boost your savings and prepare for your financial future.

Availability

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

Feature Breakdown

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

Mountain America Credit Union Term Deposit Account Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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