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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: Monday, July 23rd, 2018
TermAnnual Percentage Rate (APR)Annual Percentage Yield (APY)Dividends Compounded & CreditedMinimum Balance to Earn Dividends
7 Month Youth CD 4.000% 4.000% Monthly* $500 - $700
6 Month 0.300% 0.300% Monthly $500 and over
12 Month 0.598% 0.600% Monthly $500 and over
12 Month Save to Win 0.598% 0.600% Monthly $25 and over1
24 Month 1.292% 1.300% Monthly $500 and over
36 Month 1.391% 1.400% Monthly $500 and over
48 Month 1.687% 1.700% Monthly $500 and over
60 Month 2.080% 2.100% Monthly $500 and over

All certificates require a $500 minimum balance to open the account and earn the stated APY. *For 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. 1CLICK HERE for complete details and Save to Win Certificate contest rules.


Other Investment Options

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