Savings accounts are a great way to save for the future, but share certificates allow you to lock in a higher rate for period of time and earn more on your funds than a traditional savings account.
Merck Employees FCU offers a competitive savings account rate that fluctuates quarterly. With a share certificate, you can lock in a specific rate for a set amount regardless of quarterly fluctuations.
In order to open a new certificate account, you need to be a member in good standing with the credit union and have a minimum deposit of $2,500. Once opened, funds cannot be added to the certificate and early withdrawals forfeit all interest earned.
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$2,500 minimum balance required
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Dividends paid at time of maturity
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Access to your account information any time through online or mobile banking
Current Offerings:
| Product | Rate | APY |
|---|---|---|
| 6 month Certificate | 3.85% | 3.92% |
| 6 month IRA Certificate | 3.85% | 3.92% |
Please note:
*The minimum balance to earn dividends on certificates and IRA certificates is $2,500.00
Open a New Share Certificate Account
