- Home
- Meet the Team
- Log In
- Contact
- Careers
- Search
- Search Results
- Branches & ATMs
- Rates
- Log In
- About MCU
- Join MCU
- Personal Banking
- Lending
- Meet the Team
- Loans
- Home Loans
- Conventional Mortgages
- Jumbo Mortgages
- High-Balance Mortgages
- Family Homes, Co-Ops, and Condos
- Investment Property
- ARMs
- Adam Gonda
- Xiang He Lin
- Sabrina Kilgore
- Omar Osoria
- Michele Palmucci
- Cesarina Pena
- Walter Skowronski
- Shantell Wynn
- Homebuyer Dream Program
- Heroes Home Improvement Loan
- Mortgage Center
- Insurance
- Member Resources
- MCU Financials
- Forms and Disclosures
- Privacy Policy
- Automated Telephone Banking
- Order New Checks
- Security & Fraud Alerts
- Privacy Notice
- Scholarship Search
- Schedule an Appointment
Share Certificate Accounts
High-Yield Savings You Can Set, Forget, and Grow
Like a Certificate of Deposit (CD), an MCU Share Certificate Account makes your savings plan easy—you’re in control of the terms. Just choose the length of your account, make your initial deposit, and watch your savings grow with our highest available dividend rates.
Reach Your Savings Goals Faster with Competitive Fixed Rates.
Earn higher dividends than basic savings accounts with terms ranging from 6 to 36 months to help you reach your short-term or long-term goals. A Share Certificate Account makes your savings plan simple with fixed rates and defined terms—no surprises, just savings.

High-Yield Fixed APY*
With a minimum opening deposit of $500, you can earn fixed dividends for terms of 6, 12, 24, or 36 months. Fixed Rate Deposit Plus allows you to make additional deposits automatically through Direct Deposit or Automatic Payroll Deduction for an account term of 18 months (minimum opening deposit of $250).

Federally Insured by the NCUA
The National Credit Union Administration (NCUA) insures your deposits at MCU, so you can trust that your funds are safe. Your savings are federally insured to at least $250,000 by the full faith and credit of the United States Government.

Convenient Banking Locations
We’re not some out-of-town banking goliath—we’re in your communities, ready to help. We’ve got branches and ATMs all across New York City for easy account access, and our member success teams are here to support you through all of your financial milestones.

Liquid Savings Access
Write checks, make branch withdrawals, and keep growing your nest egg at the same time. While traditional banks frown on customers for dipping into their savings, we think our members deserve flexible savings options that can be managed on their terms.
Secure Savings Products with Rates You Can Count On
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.
2.02% APY*
for 6 Months
Open a 6-Month Share Certificate with a minimum deposit of $500 and maintain a minimum balance of $500 for 6 months (term) to yield 2.02% APY* annually in dividends.
4.07% APY*
for 9 Months
Open a 9-Month Share Certificate with a minimum deposit of $500 and maintain a minimum balance of $500 for 9 months (term) to yield 4.07% APY* annually in dividends.
3.04% APY*
for 12 Months
Open a 12-Month Share Certificate with a minimum deposit of $500 and maintain a minimum balance of $500 for 12 months (term) to yield 3.04% APY* annually in dividends.
4.33% APY*
for 15 Months
Open a 15-Month Share Certificate and maintain a minimum balance of $5 for 15 months (term) to yield 4.25% APY* annually in dividends.
3.56% APY*
for 24 Months
Open a 24 Month Share Certificate with a minimum deposit of $500 and maintain a minimum balance of $500 for 24 months (term) to yield 3.56% APY* annually in dividends.
3.82% APY
for 36 Months
Open a 36 Month Share Certificate with a minimum deposit of $500 and maintain a minimum balance of $500 for 36 months (term) to yield 3.82% APY* annually in dividends.
3.30% APY*
with Deposit Plus Share Certificate
Open a Deposit Plus Share Certificate with a minimum deposit of $250 and maintain a minimum balance of $250 for 18 months to yield 3.30% APY* annually in dividends.
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.

All Your Banking, Accessible Anywhere
Manage all your accounts from anywhere and any device. The NYMCU online and mobile banking applications make it easy to manage your savings accounts, checking accounts or any other MCU banking product. Plus, it features helpful saving and budgeting tools to make sure your goals are met!

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.



Make the Most of Your MCU Membership.
Membership in our community is about more than just banking. As an MCU member, you can access valuable information and resources to help you plan and reach your financial goals.

When Should You Take Social Security?

How To “Trick” Yourself Into Saving More

How Much Should You Save For Retirement?
FAQs
Get Answers to Our Most Frequently Asked Questions.
Can I be sure that my deposits are safe?
Where can I find MCU branches and fee-free ATMs?
Are my deposits insured?
Who can I contact if I have questions about my account?
Hours: Monday - Friday: 7:00am -7:00pm
Saturday: 9 am - 2 pm
Sunday: Closed
Greater New York City:
(212) 693-4900
Outside New York City:
(800) 323- 6713
What happens if I need the money in my Share Certificate Account before the term is up?
Can I extend my Share Certificate term for another investment once my term is up?
Disclosures
* APY = Annual Percentage Yield. Dividend Rates and Annual Percentage Yields are accurate as of the last dividend declaration date. Rates and Terms are subject to change without notice. For more details, see our Rates page.
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.
For the 15 Month Share Certificate: Minimum Opening Deposit = $0.00. A minimum of $5.00 is required to earn APY. Upon maturity, the 15 Month Share Certificate will roll over into a 12 month Share Certificate.