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*APY = Annual Percentage Yield
APY is accurate as of the last dividend declaration date. Penalties apply for early withdrawals from certificates. Fees may reduce earnings. MCU reserves the right to end or modify this offer at any time. For more details visit nymcu.org/rates. Federally insured by NCUA.
**12 Month Share Certificate – $5K New Money
You may be eligible for a 0.50% increase on the current Dividend Rate on the 12 Months Share Certificate account if you meet certain eligibility requirements. To be eligible, you must open a 12 Month Share Certificate – $5K New Money account or renew an existing 12 Month Share Certificate account in-person at one of our branches, through our Digital Banking platform, or through our mail-in renewal process. You must also deposit a minimum of $5,000 of New Money† into the Share Certificate account at the time of opening or renewing. Any funds that you want to deposit in addition to the $5,000 of New Money may come from accounts you currently have with us and those additional funds will earn the stated APY. The account will automatically renew into the 12 Month Share Certificate and will be subject to the Dividend Rate, APY, and other terms and conditions of the 12 Month Share Certificate in effect at the time of renewal unless the account is closed prior to maturity or during the ten (10) day renewal grace period or the eligibility requirements of the 12 Month Share Certificate – $5K New Money at satisfied during the ten (10) day renewal grace period. An early withdrawal penalty will apply if the account is closed prior to maturity.
†"New Money" is defined as funds that are not on deposit in any MCU account at the time the account with the New Money requirement is opened. The New Money requirement may be satisfied by: (1)making a deposit of New Money directly into an account bearing a New Money requirement; or (2) making a deposit of New Money into a savings or checking account and transferring the New Money into the account bearing the New Money requirement within seven (7) days of the date of deposit. Funds transferred into an account bearing a New Money requirement from any MCU account after seven (7) days from the date of deposit will not be eligible to satisfy the New Money requirement.