A sound investment in your future. Or your child’s education.

  • CDs available for both Traditional and Roth Individual Retirement Accounts
  • No monthly service charge
  • Guaranteed returns with higher interest rates than traditional savings accounts
  • May also be used to pay for a child’s higher education
  • Earn more with the Bump Your Rate option

All it takes is $500 to open an IRA Certificate of Deposit at Michigan Schools and Government Credit Union. There's no limit on the number of CDs you can have in your portfolio. Ask your tax advisor about the wide range of tax benefits provided by various types of IRAs.

Certificate of Deposit (Regular and IRA CDs)
TermAPY*Interest Rate
Standard
6 Months 2.50% 2.48%
12 Months 3.50% 3.46%
2 Years 4.00% 3.94%
3 Years 3.25% 3.21%
4 Years 3.25% 3.21%
5 Years 3.50% 3.46%
Promotional
15 Months - New Money^ 4.25% 4.18%
9 Months 4.05% 3.99%

*APY = Annual Percentage Yield. APY and rates rounded to the hundredth percentile. $500 Minimum Average Daily Balance Required. Certificate of Deposits will automatically renew at maturity. You have a grace period of ten (10) calendar days after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty. Promotional Certificates will automatically renew at maturity to a standard term Certificate offered at the time of maturity.

^APY = Annual Percentage Yield. The 15-month promotional CD is offered as of 7/1/2026 and is available for new money only. New money means funds that are not currently on deposit at MSGCU. This offer cannot be combined with current MSGCU deposit dollars, including rollovers from maturing MSGCU CDs. The minimum balance required to open the CD and earn the advertised APY is $500. Funds are considered new money if they are received by MSGCU through cash, check, or wire transfer and the CD is opened within five days of MSGCU receiving the funds. Funds from an IRA direct transfer or rollover from another institution are also considered new money if they are deposited into the IRA share and the CD is opened within five days. Funds withdrawn from MSGCU may not be returned and be considered New Money within 90 days of withdraw. A penalty may apply for early withdrawal. Businesses, municipalities, and MSGCU team members are not eligible for this offer. This offer is available in branches or when opening a new membership online only through 9/30/2026. At maturity, the CD is renewed to a 1-year term Certificate of Deposit. Terms and rates are subject to change at any time without notice.

Return to Top