Saint Michaels Federal Credit Union

Savings Rates

Type of Savings Dividend Rate APY Dividends Credited Minimum Initial Deposit
Regular (Shares) Savings
.05
.05
quarterly
$5.00
Share Drafts Checking*
.05
.05
monthly
$300.00
Christmas Clubs
.10
.10
quarterly
$5.00
MMSA (Money Market Shares)**
.25
.25
monthly
$2,500.00
6 Month Certificate
.50
.50
monthly
$5,000.00
One Year Certificate
1.00
1.00
monthly
$1,000.00
18 Month Certificate
1.25
1.26
monthly
$1,000.00
Two Year Certificate
1.50
1.51
monthly
$1,000.00
Three Year Certificate
1.75
1.76
monthly
$1,000.00
Four Year Certificate
2.00
2.02
monthly
$1,000.00
Five Year Certificate
2.50
2.53
monthly
$1,000.00
IRA Regular Savings
.05
.05
quarterly
$5.00
  • All IRA Certificate rates as listed above
  • Rates Accurate as of 5/8/19
  • 6 Month EWP

Promo 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
  • Fees may reduce earnings; a penalty may be imposed for early withdrawal (for certificate accounts); the dividend rate may change after the account is opened (for variable rate accounts).

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