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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.
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?
Ready to Start Saving?
Join now to get access to the competitive rates, reliable banking products, and educational resources you need to create a foundation for an exceptional financial future.
