Rate Sections:
Current Deposit Rates
Rates effective as of February 10, 2021
Checking & Savings Accounts
Account Type | Minimum Balance Required To Obtain Annual Percentage Yield** | Interest Rate | APY* |
Personal Checking Plus
|
$500.00
|
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
|
$100.00
|
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 - $4,999.99
|
0.10%
|
0.10%
|
$5,000.00 - $24,999.99
|
0.10%
|
0.10%
|
$25,000.00 - $49,999.99
|
0.10%
|
0.15%
|
$50,000.00 and above
|
0.15%
|
0.15%
|
*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
|
0.15%
|
0.15%
|
*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 - $4,999.99
|
0.05%
|
0.05%
|
0.10%
|
0.10%
|
$5,000.00 - $24,999.99
|
0.05%
|
0.05%
|
0.10%
|
0.10%
|
$25,000.00 - $49,999.99
|
0.05%
|
0.05%
|
0.10%
|
0.10%
|
$50,000.00 and above
|
0.10%
|
0.10%
|
0.15%
|
0.15%
|
*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 - $4,999.99
|
0.05%
|
0.05%
|
$5,000.00 - $24,999.99
|
0.05%
|
0.05%
|
$25,000.00 - $49,999.99
|
0.05%
|
0.05%
|
$50,000.00 and above
|
0.15%
|
0.15%
|
*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
|
0.10%
|
0.10%
|
6 Month
|
$500
|
0.10%
|
0.10%
|
1 Year
|
$500
|
0.10%
|
0.10%
|
1 Year IRA
|
$100
|
0.10%
|
0.10%
|
2 Year
|
$500
|
0.20%
|
0.20%
|
2 Year IRA
|
$100
|
0.20%
|
0.20%
|
3 Year
|
$500
|
0.30%
|
0.30%
|
3 Year IRA
|
$100
|
0.30%
|
0.30%
|
3 1/2 Year Step-Up ***
|
$500
|
0.30%
|
0.30%
|
3 1/2 Year Step-Up IRA ***
|
$100
|
0.30%
|
0.30%
|
4 Year
|
$500
|
0.40%
|
0.40%
|
4 Year IRA
|
$100
|
0.40%
|
0.40%
|
5 Year
|
$500
|
0.45%
|
0.45%
|
5 Year IRA
|
$100
|
0.45%
|
0.45%
|
Jumbo Certificates
|
$100,000
|
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|
*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. A penalty will be imposed for early withdrawal. ++ New Money is defined as funds not currently on deposit at MCT. Please refer to IRA documents for additional terms and conditions.
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