In a world full of economic uncertainty, our high-yield CDs are a smart, safe investment. Whether you choose to save for 6 months or 5 years, you'll rest easy knowing your money is growing risk-free and helping to secure your financial future.
Even the shortest term CD offered by Michigan Schools and Government Credit Union pays far more than most savings accounts. But if you're planning for several years down the road, you'll reap the kind of returns often associated with riskier investments.
| Certificate of Deposit (Regular and IRA CDs) | ||
| Term | APY* | Interest Rate |
| Standard | ||
| 6 Months | 2.50% | 2.48% |
| 12 Months | 3.00% | 2.97% |
| 2 Years | 3.00% | 2.97% |
| 3 Years | 3.25% | 3.21% |
| 4 Years | 3.25% | 3.21% |
| 5 Years | 3.50% | 3.46% |
| Promotional | ||
| 9 Months | 4.65% | 4.57% |
| 18 Months | 4.20% | 4.14% |
*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. | ||
Interested in learning more? Check out this 5-minute lesson.
Minimum balance listed is to open an account and earn the advertised APY. All rates and APYs are accurate as of today and subject to change at any time. Fees may reduce earnings on accounts. A penalty will be imposed for early withdrawal from Certificates of Deposit.
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