Certificates of Deposit & Money Market Accounts
Certificates of Deposit
A MembersFirst Certificate of Deposit (CD) provides a safe place for money that you want to “put on hold” for a future purpose. Unlike investments in the stock market or mutual funds, your funds are federally insured up to $250,000.00 by the National Credit Union Administration (NCUA), a US Government agency. Not only do you enjoy preferred rates on loans, but also on your Certificate of Deposit, with the following features:
- Flexible maturities from three months to five years
- Low minimum deposits
MembersFirst 55+ for Members 55 years Old and Better
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.
A Money Market account provides the unique advantage of checking and savings at a premium interest rate. The tiered rate program allows you to earn even more interest by maintaining a higher balance in your account. Access your funds by check, Telephone Banking, ATM, or online. The features of the Money Market account include:
- A low minimum balance of $1,000.00
- A Free ATM Card (available upon request)
- Free Online Banking
- Up to 6 debit transactions per month, 3 of which can be by check*
A minimum balance fee is incurred if your average monthly balance falls below $1,000.00.
*Additional debits incur a nominal fee.