Competitive dividends. Flexible terms. Insured safety.

Who said you can’t have it all? A certificate from MECU is an excellent way to maximize your rate of return, while enjoying the security of government-insured savings.

These days, it’s never been more important to make every penny count. At MECU, we offer a range of certificates that let you choose the term and dividend rate that fit your needs.

  • $1,000 minimum opening deposit
  • terms from 6 to 60 months
  • competitive dividend rates
  • no minimum age (as long as account holder has a Social Security number)
  • no service charges (except for early withdrawals)
  • 24/7 online access to your accounts

Along with locking in a guaranteed rate of return, you’ll rest easy knowing your savings at MECU are federally insured by the National Credit Union Administration up to $250,000. Through Excess Share Insurance, a subsidiary of American Share Insurance, the nation’s largest private deposit insurer, another $250,000 of coverage is provided.

Dividends are compounded and paid on the last business day of each month. Then, 21 days before your certificate matures, you will be notified by mail that the certificate will automatically renew at maturity unless, within 10 calendar days after the maturity date, you choose to withdraw the funds without being charged a penalty.

So consider opening an MECU certificate today. It’s the perfect way to save for the future — with exceptional benefits that save you time and money.

For a list of our fees, please check our fee schedule.

Our certificates include traditional and Roth IRAs, Coverdell Education Savings Accounts, and Health Savings Accounts.

Account TypeMinimum to Earn APYCompound FrequencyAPYBank Average APY
6 months$1,000monthly


12 months$1,000monthly


18 months$1,000monthly


30 months$1,000monthly


60 months$1,000monthly


Super Jumbo 6 months$250,000monthly


Super Jumbo 12 months$250,000monthly


Super Jumbo 18 months$250,000monthly


Super Jumbo 30 months$250,000monthly


Super Jumbo 60 months$250,000monthly



APY -- Annual Percentage Yield (the yield you earn on a deposit over a year)

Early withdrawal penalties may apply, and fees may reduce earnings. Education IRAs require no minimum and are not available for a 6-month term.

Bank average APYs provided by Datatrac, an unbiased research firm that monitors interests rates from over 20,000 financial institutions nationwide.

* No bank average is shown for this product/tier because it is not commonly available at other financial institutions.

Compare certificate rates

Financial InstitutionAPY
Wells Fargo0.01%
Bank of America0.01%

Competitor APYs are for Illinois only and are based on mybanktracker.com. All rates assume a 12-month term and a $1,000 minimum deposit, and are effective as of April 15, 2014.

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