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: Wednesday, February 28, 2024
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 0.20% 0.20%
Vacation Club $5.00 $0.00 0.20% 0.20%
Back to School Club $5.00 $0.00 0.20% 0.20%
IRA Share Savings $5.00 $0.00 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.

High Yield Savings
Effective Date: Wednesday, February 28th, 2024
NameMinimum To Open the AccountMinimum to Earn APYInterest RateAPY*
High Yield Savings $10,000.00 $0.00 - $49,999.99 1.98% 2.00%
    $50,000 and above 2.96% 3.00%

*APY – Annual Percentage Yield assumes that all funds, including dividends, remain on deposit for 365 days. Rates subject to 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. Fees may reduce earnings. 

Checking (Share Draft)
Effective Date: Wednesday, February 28th, 2024
Account TypeMinimum DepositMinimum to Earn APYInterest RateAPY*
Basic Checking $25.00   0.00% 0.00%
Performance Checking $0.00   0.00% 0.00%
Class Act Checking $0.00   0.00% 0.00%
Kasasa Cash Back (Free Checking) $25.00   0.00% 0.00%
Kasasa Cash (High Interest Checking) $25.00      
    Up to but not exceeding $10,000 (if qualifications are met) 1.98% 2.00%
    Above $10,000 (if qualifications are met) 0.20% 2.00% - 0.20%
    (if qualifications 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
Effective Date: Wednesday, February 28th, 2024
Minimum to open the accountMinimum to Earn APYInterest RateAPY*
$5.00 Up to but not exceeding $25,000 (if qualifications are met) 1.00% 1.00%
  Above $25,000 (if qualifications are met) 0.20% 1.00% - 0.20%
  (if qualifications 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: Wednesday, February 28th, 2024
Minimum to open the accountMinimum to Earn APYInterest RateAPY*
$25.00 $0.00-$2,499.99 0.25% 0.25%
  $2,500-$24,999.99 0.25% 0.25%
  $25,000-$49,999.99 0.50% 0.50%
  $50,000-$99,999.99 0.75% 0.75%
  $100,000-$249,999.99 1.00% 1.00%
  $250,000-$999,999.99 1.49% 1.50%
  $1,000,000+ 4.89% 5.00%
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: Wednesday, February 28th, 2024
TermMinimum Deposit to OPEN and to EARN APYInterest RateAPY*
3 Month $1,000.00 0.10% 0.10%
3 Month Premium $50,000.00 0.15% 0.15%
6 Month $1,000.00 0.30% 0.30%
6 Month Premium $50,000.00 0.35% 0.35%
9 Month SPECIAL** $15,000.00 4.89% 5.00%
12 Month $500.00 4.41% 4.50%
12 Month Premium $50,000.00 4.41% 4.50%
18 Month $500.00 4.17% 4.25%
18 Month Premium $50,000.00 4.17% 4.25%
24 Month $500.00 1.98% 2.00%
24 Month Premium $50,000.00 2.08% 2.10%
36 Month $500.00 1.05% 1.05%
36 Month Premium $50,000.00 1.14% 1.15%
48 Month $500.00 0.85% 0.85%
48 Month Premium $50,000.00 0.95% 0.95%
60 Month $500.00 0.90% 0.90%
60 Month Premium $50,000.00 1.00% 1.00%
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. Fees may reduce earnings. Accounts are insured by NCUA up to $250,000. Shares and Deposits in excess of NCUA limits are fully insured by MSIC. **SPECIAL OFFER: Annual Percentage Yield is subject to change without notice. 9 Month Certificate: New Money Only; For existing members to satisfy this requirement, funds can be transferred from an existing MVCU account if an additional $15,000 in external funds are added to the certificate.

Additional Rates & Terms available

Business Accounts
NameMinimum to open the accountMinimum to Earn APYInterest RateAPY*
Business Main Share Savings $5.00 $0.00 0.10% 0.10%
Business 300 Checking $25.00 $0.00 0.00% 0.00%
Business Value Checking $25.00 $0.00 0.00% 0.00%
Business Money Market $25.00 $0.00 - $2,499.99 0.25% 0.25%
    $2,500 - $24,999.99 0.25% 0.25%
    $25,000 - $49,999.99 0.50% 0.50%
    $50,000 - $99,999.99 0.75% 0.75%
    $100,000 - $249,999.99 1.00% 1.00%
    $250,000 - $999,999.99 1.49% 1.50%
    $1,000,000+ 4.89% 5.00%
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: Wednesday, February 28th, 2024
Account TypeMinimum to Earn APYInterest RateAPY*
Passbook $0.00 0.10% 0.10%
Premium Savings $0.00 0.15% 0.15%
Interest Checking      
  $0 - $4,999.99 0.02% 0.02%
  Over $5,000 0.05% 0.05%
Dividend Checking $0.00 0.05% 0.05%
eChecking $0.00 0.05% 0.05%
eChecking Plus $0.00 0.05% 0.05%
Performance Dividend Checking $0.00 0.05% 0.05%
Business Value Plan Checking $0.00 0.05% 0.05%
Business Premium Checking $25.00 0.05% 0.05%
Business Interest Bearing Checking $25.00 0.05% 0.05%
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.