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Share Certificates

A better deal on your savings

This account offers stellar rates on longer terms. 

  • Grow your savings at every stage!

    Explore Our Full Line of Magnolia FCU Share Certificates

    Magnolia offers a full range of Share Certificates with terms designed to fit every savings strategy — from short-term flexibility to long-term growth. Whether you’re planning ahead or building steady, guaranteed earnings, we have an option that works for you.

     

    Year-Round Share Certificate Options

    • Flexible terms from 3 months to 60 months
    • Higher rates for balances of $100,000 or more
    • IRA Share Certificates also available for tax-advantaged retirement savings

    No matter which term you choose, your funds stay safe, secure, and federally insured.

     

    Ready to Open a Certificate?

    You can get started by emailing info@magfedcu.org, visiting your favorite Magnolia branch, or calling us at (601) 977-8300.

  • Rates

    Rates

    Share Certificates

    Term Minimum Balance Required Rate APY
    3 Months $1,000 0.300% 0.30%
    6 Months $1,000 0.600% 0.60%
    12 Months $1,000 1.000%1.00%
    18 Months $1,000 1.050%1.06%
    24 Months $1,000 1.100%1.11%
    30 Months $1,000 1.250% 1.26%
    36 Months $1,000 1.500% 1.51%
    42 Months $1,000 1.500%1.51%
    48 Months $1,000 1.600% 1.61%
    60 Months $1,000 1.700% 1.71%

    APY*=Annual Percentage Yield. This APY is an annualized rate that reflects estimated earnings based on the dividend rate and frequency of compounding. Rates available as of 05/01/2024, minimum balance of $1000 required to open and obtain advertised APY. Penalty may be imposed for early withdrawal. Upon expiration of the initial term, the certificate will automatically renew for the same term at the dividend rate in effect at that time, unless notice for alternate disposition is received by the credit union within the required period as defined below.

    The share certificate account will automatically renew at the close of business on the maturity date or on the maturity date of any renewal term, unless:
    1) The certificate is withdrawn or transferred on the date of maturity.
    2) Unless, at least ten (10) business days prior to a scheduled renewal date, the credit union gives written notice that this certificate will not be renewed.

    In such latter event, the certificate will be transferred to the regular share account of the owner upon maturity and earn dividends at the rate then pain on regular share accounts.