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Merrimack Valley CU

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Home / Rates / Deposit Rates
Deposit, Rates

With MVCU, I know I am always getting a competitive rate!

Open an Account

Deposit, Rates

With MVCU, I know I am always getting a competitive rate!

Open an Account

 

Deposit Rates

Our products and services are designed to help you take control of your finances. Likewise, our deposit rates are very competitively priced to help you save and meet your personal financial goals.

Savings Accounts
Effective Date: Monday, June 27, 2022
Account TypeMinimum to open the accountMinimum to Earn APYInterest RateAPY*
Membership Savings (Main Share) $5.00 $5.00 0.10% 0.10%
Savings (Share Savings) $5.00 $0.00 0.10% 0.10%
Holiday Club $5.00 $0.00 0.10% 0.10%
Vacation Club $5.00 $0.00 0.10% 0.10%
Premium Savings (Premium Share) $5.00 $0.00 0.15% 0.15%
IRA Share Savings $5.00 $0.00 0.15% 0.15%
APY - Annual Percentage Yield assumes that all funds, including dividends, remain on deposit for 365 days. Fees may reduce earnings. Rates subject to change daily and may change after the account is opened. Accounts are insured by NCUA up to $250,000.Shares and Deposits in excess of NCUA limits are fully insured by MSIC.

Checking (Share Draft)
Account TypeMinimum DepositMinimum to Earn APYDividend RateAPY*
Basic Checking $25.00   0.00% 0.00%
Kasasa Cash Back (Free Checking) $25.00   0.00% 0.00%
Kasasa Cash (High Interest Checking) $25.00      
    $0 - $10,000 (if requirements are met) 1.98% 2.00%
    Over $10,000 (if requirements are met) 0.20% 0.20%
    (if requirements are not met) 0.02% 0.02%
APY - Annual Percentage Yield assumes that all funds, including dividends, remain on deposit for 365 days. Fees may reduce earnings. Rates subject to change daily and may change after the account is opened. Accounts are insured by NCUA up to $250,000.Shares and Deposits in excess of NCUA limits are fully insured by MSIC.

Kasasa Saver
Minimum to open the accountMinimum to Earn APYDividend RateAPY*
$5.00 $0 - $25,000 (if requirements are met) 1.00% 1.00%
  Over $25,000 (if requirements are met) 0.20% 0.20%
  (if requirements are not met) 0.02% 0.02%
APY - Annual Percentage Yield assumes that all funds, including dividends, remain on deposit for 365 days. Fees may reduce earnings. Rates subject to change daily and may change after the account is opened. Accounts are insured by NCUA up to $250,000.Shares and Deposits in excess of NCUA limits are fully insured by MSIC.

Money Market Accounts
Effective Date: Monday, June 27th, 2022
Minimum to open the accountMinimum to Earn APYInterest RateAPY*
$25.00 $0.00-$2,499.99 0.05% 0.05%
  $2,500-$24,999.99 0.05% 0.05%
  $25,000-$49,999.99 0.10% 0.10%
  $50,000-$99,999.99 0.10% 0.10%
  $100,000-$249,999.99 0.10% 0.10%
  $250,000+ 0.10% 0.10%
APY - Annual Percentage Yield assumes that all funds, including dividends, remain on deposit for 365 days. The minimum balance to avoid a service fee is $2,500.00. Fees may reduce earnings. Rates subject to change daily and may change after the account is opened. Accounts are insured by NCUA up to $250,000. Shares and Deposits in excess of NCUA limits are fully insured by MSIC.

Certificate Accounts
Effective Date: Monday, June 27th, 2022
TermMinimum Deposit to OPEN and to EARN APYDividend RateAPY*
91 Days $1,000.00 0.05% 0.05%
6 Month $1,000.00 0.10% 0.10%
12 Month $500.00 0.20% 0.20%
15 Month $500.00 0.20% 0.20%
18 Month $500.00 0.20% 0.20%
24 Month $500.00 0.25% 0.25%
30 Month $500.00 0.25% 0.25%
36 Month $500.00 0.50% 0.50%
48 Month $500.00 0.55% 0.55%
60 Month $500.00 0.60% 0.60%
APY - Annual Percentage Yield assumes that all funds, including dividends, remain on deposit for 365 days. You will be subject to a penalty for early withdrawal. Accounts are insured by NCUA up to $250,000. Shares and Deposits in excess of NCUA limits are fully insured by MSIC.

Business Accounts
NameMinimum to open the accountMinimum to Earn APYDividend RateAPY*
Business Main Share Savings $5.00 N/A 0.10% 0.10%
Business 300 Checking $25.00 N/A 0.00% 0.00%
Business Premium Checking $25.00 N/A 0.05% 0.05%
Business Interest Bearing Checking $25.00 $0.00 0.05% 0.05%
Business Money Market $25.00 $0.00 - $9,999.99 0.05% 0.05%
    $10,000 - $24,999.99 0.05% 0.05%
    $25,000 - $49,999.99 0.10% 0.10%
    $50,000 - $99,999.99 0.10% 0.10%
    $100,000.00 + 0.10% 0.10%
APY - Annual Percentage Yield assumes that all funds, including dividends, remain on deposit for 365 days. Fees may reduce earnings. Rates subject to change daily and may change after the account is opened. Accounts are insured by NCUA up to $250,000. Shares and Deposits in excess of NCUA limits are fully insured by MSIC.

Accounts Not Currently Offered but Still Active
Effective Date: Monday, June 27th, 2022
Account TypeMinimum DepositDividend RateAPY*
Passbook $5.00 0.10% 0.10%
Interest Checking $25.00    
  $0 - $4,999.99 0.02% 0.02%
  Over $5,000 0.05% 0.05%