At Merck Employees Federal Credit Union, we have always made it our goal to provide the best rates to our members. We are committed to keeping your best interest as our only interest!
Deposit Rates
Deposit accounts earn dividends daily. Dividends are posted at the end of each quarter as follows:
1st Quarter (Jan-March)/Dividend Paid April 1 2nd Quarter (April-June)/Dividend Paid July 1 3rd Quarter (July-Sept)/Dividend Paid Oct. 1 4th Quarter (Oct.-Dec.)/Dividend Paid Jan. 1
Rates are subject to change on a quarterly basis, following the same schedule above, and will be updated here.
| Product | Rate | APY |
|---|---|---|
| Savings (Regular Share Acct) | 1.25% | 1.256% |
| IRA Accounts | 1.80% | 1.82% |
| E-Checking (Share Draft with e-statements) | 0.125% | 0.125% |
| Share Draft (with paper statements) | 0.125% | 0.125% |
Please note:
*The minimum balance to earn dividends on share accounts is $50.00
**The minimum balance to earn dividends on IRA accounts is $200.00
***The minimum balance to earn dividends on share draft (checking) accounts is $1.00
| Product | Rate | APY |
|---|---|---|
| 6 month Certificate* | 3.85% | 3.92% |
| 6 month IRA Certificate* | 3.85% | 3.92% |
Please note certificate offers and rates are subject to change at any time.
*The minimum balance to earn dividends on certificates and IRA certificates is $2,500.00
All rates are as of July 1, 2023
