Rate Sections:
Current Deposit Rates
Rates effective as of June 1, 2023
Checking & Savings Accounts
Account Type | Minimum Balance Required To Obtain Annual Percentage Yield** | Interest Rate | APY* |
Personal Checking Plus
|
No Minimum
|
0.05%
|
0.05%
|
Select Checking
|
$5,000.00 - $9,999.99
|
0.05%
|
0.05%
|
Select Checking
|
$10,000.00 and above
|
0.05%
|
0.05%
|
Statement Savings
|
No Minimum
|
0.05%
|
0.05%
|
Dream Builders Savings
|
$100.00 - $999.99
|
0.05%
|
0.05%
|
Dream Builders Savings
|
$1,000.00 - $2,499.99
|
0.10%
|
0.10%
|
Dream Builders Savings
|
$2,500 and above
|
0.10%
|
0.10%
|
*APY = Annual Percentage Yield This is a variable rate account; the rate(s) and APY(s) may change after the account is opened. **Must maintain minimum balance to obtain the disclosed annual percentage yield. Fees may affect earnings on the accounts
Minimum Balance Required To Obtain Annual Percentage Yield**
|
Interest Rate
|
APY*
|
Transitions Checking Account
$0.00 - $24,999.99
|
0.10%
|
0.10%
|
$25,000.00 - $99,999.99
|
0.50%
|
0.50%
|
$100,000.00 - $249,999.99
|
0.65%
|
0.65%
|
$250,000.00 - $999,999.99
|
0.80%
|
0.80%
|
$1,000,000 and above
|
1.05%
|
1.05%
|
*APY = Annual Percentage Yield. The interest rate(s) and APY(s) reflect a premium rate that will be paid the first twelve months that the account is open. This is a variable rate account; the rate(s) and APY(s) may change after the account is opened. **Must maintain minimum balance to obtain the disclosed annual percentage yield. Fees may affect earnings on the accounts
Minimum Balance Required To Obtain Annual Percentage Yield**
|
Interest Rate
|
APY*
|
Investor's Money Market CD
$50,000 and above
|
3.22%
|
3.27%
|
*APY = Annual Percentage Yield This is a variable rate account; the rate(s) and APY(s) may change after the account is opened. **Must maintain minimum balance to obtain the disclosed annual percentage yield. Fees may affect earnings on the accounts. A penalty may be imposed for early withdrawal.
Investor's Money Market Account
Minimum Balance Required To Obtain Annual Percentage Yield**
|
Interest Rate
|
APY*
|
Bonus Interest Rate1
|
APY*
|
$0.00 - $24,999.99
|
0.05%
|
0.05%
|
0.10%
|
0.10%
|
$25,000.00 - $99,999.99
|
0.45%
|
0.45%
|
0.50%
|
0.50%
|
$100,000.00 - $249,999.99
|
0.60%
|
0.60%
|
0.65%
|
0.65%
|
$250,000.00 - $999,999.99
|
0.75%
|
0.75%
|
0.80%
|
0.80%
|
$1,000,000 and above
|
1.00%
|
1.00%
|
1.05%
|
1.05%
|
*APY = Annual Percentage Yield **Must maintain minimum balance to obtain the disclosed annual percentage yield. You must deposit $5,000.00 to open this account. 1 Bonus Interest Rate is for Select Checking and Select Business Checking Account Customers. This is a variable rate account; the rate(s) and APY(s) may change after the account is opened. Fees may affect earnings on the accounts
Select Business Checking
Minimum Balance Required To Obtain Annual Percentage Yield**
|
Interest Rate
|
APY*
|
$3,500.00 - $9,999.99
|
0.05%
|
0.05%
|
$10,000.00 and above
|
0.05%
|
0.05%
|
*APY = Annual Percentage Yield This is a variable rate account; the rate(s) and APY(s) may change after the account is opened. **Must maintain minimum balance to obtain the disclosed annual percentage yield. Fees may affect earnings on the accounts
Minimum Balance Required To Obtain Annual Percentage Yield**
|
Interest Rate
|
APY *
|
Business Interest Checking
$10,000.00 - $24,999.99
|
0.05%
|
0.05%
|
$25,000.00 - $99,999.99
|
0.05%
|
0.05%
|
$100,000.00 and up
|
0.10%
|
0.10%
|
*APY = Annual Percentage Yield This is a variable rate account; the rate(s) and APY(s) may change after the account is opened. **Must maintain minimum balance to obtain the disclosed annual percentage yield. Fees may affect earnings on the accounts
Minimum Balance Required To Obtain Annual Percentage Yield**
|
Interest Rate
|
APY *
|
Community Checking Plus Interest
$1,000.00
|
0.05%
|
0.05%
|
*APY = Annual Percentage Yield This is a variable rate account; the rate(s) and APY(s) may change after the account is opened. **Must maintain minimum balance to obtain the disclosed annual percentage yield. Fees may affect earnings on the accounts
Minimum Balance Required To Obtain Annual Percentage Yield**
|
Interest Rate
|
APY *
|
Business Money Market Savings Account
$0.00 - $24,999.99
|
0.05%
|
0.05%
|
$25,000.00 - $99,999.99
|
0.45%
|
0.45%
|
$100,000.00 - $249,999.99
|
0.60%
|
0.60%
|
$250,000.00 - $999,999.99
|
0.75%
|
0.75%
|
$1,000,000 and above
|
1.00%
|
1.00%
|
*APY = Annual Percentage Yield This is a variable rate account; the rate(s) and APY(s) may change after the account is opened. **Must maintain minimum balance to obtain the disclosed annual percentage yield. You must deposit $5,000.00 to open this account. Fees may affect earnings on the accounts.
Certificate Type
|
Minimum Balance Required To Obtain Annual Percentage Yield**
|
Interest Rate
|
APY *
|
Certificates of Deposit - Fixed Rate
3 Month
|
$500
|
1.83%
|
1.84%
|
6 Month
|
$500
|
3.24%
|
3.29%
|
1 Year
|
$500
|
3.935%
|
4.00%
|
1 Year IRA
|
$100
|
3.935%
|
4.00%
|
13 Month - New Money ++
|
$10,000 ++
|
4.654% |
4.75% |
13 Month - New Money IRA ++
|
$10,000 ++
|
4.654% |
4.75% |
2 Year
|
$500
|
3.22%
|
3.26%
|
2 Year IRA
|
$100
|
3.22%
|
3.26%
|
3 Year
|
$500
|
2.97%
|
3.01%
|
3 Year IRA
|
$100
|
2.97%
|
3.01%
|
3 1/2 Year Step-Up ***
|
$500
|
2.90%
|
2.94%
|
3 1/2 Year Step-Up IRA ***
|
$100
|
2.90%
|
2.94%
|
4 Year
|
$500
|
2.83%
|
2.87%
|
4 Year IRA
|
$100
|
2.83%
|
2.87%
|
5 Year
|
$500
|
2.80%
|
2.83%
|
5 Year IRA
|
$100
|
2.80%
|
2.83%
|
Jumbo Certificates
|
$100,000
|
Call Us for A Quote!
|
*APY = Annual Percentage Yield **Must maintain minimum balance to obtain the disclosed annual percentage yield. ***At your discretion, you may change the interest rate on the account based on the number of "steps" indicated in the original agreement. ++ New Money is defined as funds not currently on deposit at MCT. Minimum of $10,000.00 in new money is required. A penalty may be imposed for early withdrawal. Please refer to IRA documents for additional terms and conditions.
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