Saint Michaels Federal Credit Union

Savings Rates

Type of Savings Nominal APY Interest Credited Minimum Initial Deposit
Regular (Shares) Savings .05 .05 quarterly $5.00
Share Drafts Checking* .05 .05 monthly $300.00 Three Year Certificate 1.25 1.26 monthly $1,000.00
Christmas Clubs .10 .10 quarterly $5.00
MMSA (Money Market Shares)** .25 .25 monthly $2,500.00
6 Month Certificate .35 .35 monthly $5,000.00
One Year Certificate .95 .95 monthly $1,000.00
18 Month Certificate 1.01 1.01 monthly $1,000.00
Two Year Certificate 1.15 1.15 monthly $1,000.00
Share Drafts Checking* .05 .05 monthly $300.00 Three Year Certificate 1.25 1.26 monthly $1,000.00
Four Year Certificate 1.40 1.41 monthly $1,000.00
Five Year Certificate 1.65 1.66 monthly $1,000.00
IRA Regular Savings .05 .05 quarterly $5.00
  • All IRA Certificate rates as listed above
  • Rates Accurate as of 8/22/2014

*Minimum average balance to earn interest = $300.00
*Monthly service charge $0.00. Business checking charge $10.00.
**Balances below $2,500.00 earn .05%

Variable rate certificates available.
Please contact a member service representative for details.

  • APR = Annual Percentage Rate
  • APY = Annual Percentage Yield
  • All IRA rules, regulations and restrictions apply.
  • All rates are subject to change without notice. Please contact a member service representative at (508) 674-3861

*Minimum average balance to earn interest = $300.00
*Monthly service charge $0.00. Business checking charge $10.00.
**Balances below $2,500.00 earn .05%