Share Certificate

Reach Your Savings Goals Faster with High Yield Savings.

Enjoy higher dividends than basic savings accounts with terms from 6 to 36 months to match your short-term or long-term goals.

A Share Certificate Account makes your savings plan simple with fixed rates and defined terms.

Features & Benefits

Low minimum opening deposit
Guaranteed returns
Flexible maturity options from 6-36 months
Funds are insured up to $250,000 by NCUA

Today's Rates

6-Month

3.04 %

_APY⁽¹⁾

Share Certificate

9-Month

3.50 %

_APY⁽¹⁾

Share Certificate

36-Month

3.82 %

_APY⁽¹⁾

APY = Annual Percentage Yield (OPEN TO READ MORE)

The APY is accurate as of 10/26/23. The IRA 18-Month Share Certificate Account is a variable rate account and the rate may change after the account is opened. All other Share Certificate Accounts are fixed-rate accounts. A penalty may be imposed for early withdrawals. A minimum of $5.00 is required to earn APY.

You Set the Term, You Decide What Dividends You Earn.

Like a CD, a fixed-rate Share Certificate is a type of savings product that earns a set annual percentage yield (APY) rate over its entire term. This means that you, as an MCU member, can expect to earn consistent dividends for the period of time (or “term”) that you agree to keep money with us.

Banking That’s Always by Your Side

Digital Banking and the NYMCU Mobile Banking App make it easy to achieve your financial goals with helpful tools.

With easy-to-use features, you can ensure your goals are met while managing your finances conveniently from anywhere.

Download the Mobile Banking App

No Matter Where You Are in Life, We’re Right There with You.

At MCU, we believe that a credit union should be a lifelong source of financial education and support—from planning for college to saving for retirement and everything in between.

That’s why we have specialized recommendations for products and services designed to help you meet your goals (both short-term and down the road), based on your changing needs and priorities.

Ready to Join the MCU Community?

Apply now to get access to the competitive rates, personal banking products, and educational resources you need to create a foundation for an exceptional financial future.

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Learn More About Membership

FAQs

Can I be sure that my deposits are safe?

The National Credit Union Administration (NCUA) insures MCU deposits, so you can trust that your funds are safe. The NCUA is an independent federal agency that insures deposits at federally insured credit unions, protects the members who own credit unions, and charters and regulates federal credit unions. Your savings are federally insured to at least $250,000 by the full faith and credit of the United States Government. Additionally, the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) provides federal production to IRAs up to $1 million (some restrictions may apply depending on roll-over status and uniquely unqualified accounts).

Where can I find MCU branches and fee-free ATMs?

Check out our page featuring all of our branches and ATMs. Choose from any of our 15 locations, and search for various fee-free ATM options.

Are my deposits insured?

Your savings are federally insured by the National Credit Union Administration (NCUA), a U.S. Government Agency. Savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.

Who can I contact if I have questions about my account?

You have questions, and we have answers! Feel free to reach out to the MCU Contact Center, and we'll help you by providing the answers you need.

Hours: Monday - Friday: 7:00am -7:00pm
Saturday: 9am - 2pm
Sunday: Closed
1-844-MCU-NYNY (1-844-628-6969)

What happens if I need the money in my Share Certificate Account before the term is up?

You may access the money in your Share Certificate Account before the term is officially up, but there will be an early-withdrawal penalty.

Can I extend my Share Certificate term for another investment once my term is up?

Yes, unless instructed otherwise, your Share Certificate will automatically renew at maturity. However, there will be a grace period in which you may access your funds if needed.

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Earn up to 3.50% APY*