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Saginaw Medical Federal Credit Union Go to main content

Share Certificates & IRA Share Certificates

Certificate Accounts are available with various maturities and minimum deposits. Interest can be compounded, deposited to your savings account, checking account, or mailed to you. There is a penalty for early withdrawal from a certificate (Our Rates and Service Charges)

Share Certificates & IRA Share Certificates
Effective Date: Friday, August 17th, 2018
TermAnnual Percentage Rate (APR)Annual Percentage Yield (APY)Dividends Compounded & CreditedMinimum Balance to Earn Dividends
7 Month Youth CD1 4.000% 4.000% Monthly* $500 - $700
6 Month 0.300% 0.300% Monthly $500 and over
12 Month 0.995% 1.000% Monthly $500 and over
12 Month Save to Win2 0.598% 0.600% Monthly $25 and over1
24 Month 1.489% 1.500% Monthly $500 and over
28 Month SPECIAL3 2.520% 2.550% Monthly2 $500 and over
36 Month 1.745% 1.760% Monthly $500 and over
48 Month 1.981% 2.000% Monthly $500 and over
60 Month 2.227% 2.250% Monthly $500 and over

All certificates require a $500 minimum balance to open the account and earn the stated APY. 1For 7 Month Youth Certificate accounts, any accrued dividends will be transferred to your share account monthly; only the principal amount will renew. Upon maturity of the Youth Certificate (member reaches age 22 or older), principal amount will renew as a 6-month share certificate.  Substantial penalty for early withdrawal. Call the credit union for complete disclosures at 989-791-7070 ext. 3503. 2CLICK HERE for complete details and Save to Win Certificate contest rules. 3Limited time offer. 28 month certificate only applies to funds not currently on deposit wih SMFCU.



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