Lock In 4.07% APY* for 12 Months
Open a 12-Month — $5K New Money** Certificate (CD) and know exactly what you'll earn.
Rates Change. Your Savings Shouldn’t Have to Guess.
A savings account rate can change at any time, and comparing CD rates across banks takes hours. You shouldn’t have to keep checking where your money earns the most.
A Certificate That Keeps It Simple
As a credit union, we answer to our members, not shareholders. MCU has served New Yorkers for more than 100 years. Our 12-Month — $5K New Money** Certificate gives you a fixed rate for a fixed term, with nothing to track along the way.
Three Steps to Lock In Your Rate
- Open. Do it online, or schedule a call.
- Fund. Deposit $5,000 or more in New Money†.
- Grow. Your 4.07% APY* stays the same for 12 months.
Know What to Expect From Your Savings
Your rate is set the day you open your certificate, so you can plan around it. Every month your savings sit in a lower-earning account is a month of earnings you can’t get back.
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*APY=Annual Percentage Yield. APY is accurate as of 11/04/2026.
Rate, Maturity, and Deposits:
Dividend rates and APYs are fixed for the initial term based on the Rate Schedule. Additional deposits are generally prohibited except for the 18-Month Deposit Plus Share Certificate and 18-Month Secured Visa Share Certificate. New Money promotional rules require funds not currently on deposit with MCU or transferred within seven (7) days. Minimum opening deposits vary by term as stated below.
Minimum Opening Deposit:
6-Month Share Certificate: $500.00; 9-Month Share Certificate: $500.00; 12-Month Share Certificate: $500.00 ; 12-Month — $5k New Money Share Certificate: $5,000.00 ; 24-Month Share Certificate: $500.00; 36-Month Share Certificate: $500.00.
Dividends, Penalties, and Renewal:
Dividends compound and credit monthly using the Daily Balance Method. Accounts automatically renew at maturity unless changed, backed by a ten (10) day grace period.
A penalty will be imposed for early withdrawal: 90 Days Dividends for 6, 9, and 12-month terms; 180 Days Dividends for 24 and 36-month terms.
12 Months — $5K New Money**: You may be eligible for a 0.50 percentage-point 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 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 Months — $5K New Money are 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.
Membership is open to anyone who lives, works, worships, or attends school in New York City (NYC), and family members or household members of existing MCU members. A primary share account is required to establish membership. Primary share accounts are the Hero Savings Account, the Smart Apple, and the Youth Savings Account. Membership eligibility is subject to verification. Certain restrictions may apply.