M1 Deposit Rates

Checking      Savings      CDs      Money Market      IRAs

Checking Accounts
Effective Date: Saturday, May 30th, 2020
Interest Rate TiersDividend Rate (as APR)Annual Percentage YieldMinimum Opening BalanceMin. Balance to Earn DividendMinimum Balance to Avoid Fee
careFree
$0.00 0.00% 0.00% $0 $0 $0
careFull
$500 & over 0.01% 0.01% $0 $1,257 $0
carePlus & Business Interest
$1,500 - $49,999 0.01% 0.01% $0 $1,500 $1,500
$50,000 & over 0.01% 0.01% $0 $1,500 $1,500
Your prospective dividend rate and annual percentage yield will equal the highest rate tier matching your daily balance and will be paid on the entire balance in your account. The dividend period is monthly. The dividend rate and annual percentage yield may change every month as determined by your board of directors.

All Shares
Effective Date: Saturday, May 30th, 2020
Interest Rate TiersDividend Rate (as APR)Annual Percentage YieldMinimum Opening BalanceMin. Balance to Earn DividendMinimum Balance to Avoid Fee
$100 - $49,999 0.01% 0.01% $5 $1,257 $0
$50,000 & over 0.01% 0.01% $5 $1,257 $0

Certificate of Deposit and IRA Certificate of Deposit
Effective Date: Saturday, May 30th, 2020
Length of MaturityMinimum Opening BalanceDividend Rate (as APR)Annual Percentage YieldMin. Balance to Earn Dividend
New CD's ($100,000 Maximum)
12 months $50,000 0.02% 0.02% $1,257
Current M1 CD's that automatically renew
6 months $500 0.01% 0.01% $1,257
12 months $500 0.45% 0.45% $500
18 months $500 0.45% 0.45% $500
24 months $500 0.45% 0.45% $500
30 months $500 0.45% 0.45% $500
36 months $500 0.45% 0.45% $500
48 months $500 0.70% 0.70% $500
60 months $500 0.70% 0.70% $500

The dividend rates and annual percentage yields were current as of the effective date above. Please call for current yields. Dividends are paid on your daily balance and the dividend period is monthly. Fees may lower earnings, additional information can be found in our Truth in Savings account disclosure and Fee Schedule.

Money Market Manager
Effective Date: Saturday, May 30th, 2020
Interest Rate TiersDividend Rate (as APR)Annual Percentage YieldMinimum Opening BalanceMin. Balance to Earn DividendMinimum Balance to Avoid Fee
$1,000 - $49,999 0.01% 0.01% $1,000 $1,257 $1,000
$50,000-$99,999 0.02% 0.02% $1,000 $1,257 $1,000
$100,000 & over 0.01% 0.01% $1,000 $1,257 $1,000

IRA Savings
Effective Date: Saturday, May 30th, 2020
Interest Rate TiersDividend Rate (as APR)Annual Percentage YieldMinimum Opening BalanceMin. Balance to Earn DividendMinimum Balance to Avoid Fee
$100 & over 0.25% 0.25% $5 $100 $0


Member Deposits Only!
Michigan One Community Credit Union accepts member deposits only, and does not accept institutional or broker deposits.

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