Michigan Schools and Government Credit Union - Money Market - $2.5k 0.20% APR2
Troy, MI Market Average - Money Market - $2.5k 0.10% APR2
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Datatrac is an independent, unbiased research firm that has monitored deposit and loan rates, fees and product features for over 25 years on more than 279,979 financial institutions locations in America. Datatrac Great Rate Awards certify that deposit and loan rates outperform the market average for comparable products. www.datatrac.net
- $8 is the difference between the amount earned in interest between Michigan Schools and Government Credit Union's rate at 0.20% APR compared to 0.10% APR for the Troy, MI market average over the life of a money market at $2,500 over 36 months.
- APY=Annual Percentage Yield. Datatrac’s comprehensive, unbiased research and analysis is updated each business day and is conducted independent of any financial institution. There is no guarantee that you will receive the rates or terms displayed herein. Actual rates and terms are in the full discretion of the financial institution and are subject to your credit rating and other factors. Please contact Michigan Schools and Government Credit Union directly with any questions regarding their current rates and terms.
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Michigan Schools And Government is an NCUA insured institution located in Clinton Townshi, MI. It was founded in 1954 and has approximately $3220.63 millions in assets.
Who can join?
Employees, students, former students, alumni, and retirees of educational institutions in the Michigan counties of Genesee, Lapeer, Livingston, Macomb, Oakland, St. Clair, Washtenaw, and Wayne. This includes anyone that went to school in any of these counties or is related to someone that does/did.
Elected officials, appointed officials, employees, and retirees of any department or agency of the federal government of any state, county, or local government or political subdivision thereof located within the Michigan counties of Genesee, Lapeer, Livingston, Macomb, Oakland, St. Clair, Washtenaw, and Wayne.
Employees or members of employer groups or other organized groups or businesses which are located within 25 miles of any Credit Union office.
Any person over age 55 who receives a retirement annuity, pension, social security, or similar retirement payment from private or government sources, and lives in, or belongs to a retirement organization located in Genesee, Lapeer, Livingston, Macomb, Oakland, St. Clair, Washtenaw, or Wayne Counties.
A spouse of a deceased member if accepted into membership prior to remarriage.
Members of MSGCU who attained membership through other eligibility requirements in place prior to 8/1/2006 will
retain their membership.
Relatives by blood or marriage of any of the above. Relatives are eligible to join even if above individuals are not members.
Field of Membership Restrictions
Membership in Michigan Schools and Government Credit Union is open to the following: (1) those who live, work, worship or attend school in Michigan’s lower peninsula; (2) employees, students, alumni, retirees, and former students of any educational institution in Genesee, Lapeer, Livingston, Macomb, Oakland, St. Clair, Washtenaw and Wayne Counties in Michigan and their families; (3) any person over age 55 receiving retirement payments and live in or belong to a retirement organization in the counties above; (4) employees or retirees of any federal, state, county, or local government department or agency in the above counties.
Whether you're saving for a more comfortable retirement or want to save for unexpected expenses, MSGCU's rates on investment accounts deliver. Our status as a not-for-profit credit union means we can provide more value for our members.Learn the ABCs of our CD, IRA and HSA rates
Certificate of Deposit (Regular and IRA CDs) | ||
Term | APY* | Interest Rate |
Standard | ||
6 Months | 1.300% | 1.294% |
12 Months | 1.750% | 1.739% |
2 Years | 2.250% | 2.231% |
3 Years | 4.000% | 3.941% |
4 Years | 4.150% | 4.087% |
5 Years | 4.300% | 4.232% |
Promotional | ||
9 Months | 2.250% | 2.231% |
23 Months | 3.500% | 3.455% |
*APY = Annual Percentage Yield. $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. |
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Grow-With-Me CD | ||
Term | APY* | Interest Rate |
6 Months | 1.000% | 0.996% |
1 Year | 1.200% | 1.195% |
2 Years | 1.800% | 1.788% |
*APY = Annual Percentage Yield. $250 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. |
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Individual Retirement Account (IRA) | |
APY* | Interest Rate |
0.300% | 0.300% |
*APY = Annual Percentage Yield. No Minimum Balance Required. |
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Health Savings Account | |
APY* | Interest Rate |
0.300% | 0.300% |
*APY = Annual Percentage Yield. No Minimum Balance Required. |
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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.