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Share Certificates

A better deal on your savings

This account offers stellar rates on longer terms. 

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    Grow your savings with Magnolia Federal Credit Union Share Certificate!

    Secure Your Future, Grow Your Savings

    Are you looking for a secure and effective way to grow your savings? Magnolia Federal Credit Union’s Share Certificates offer a reliable solution with competitive rates and flexible terms to help you reach your financial goals faster.

     

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    • Competitive Rate
    • Special bonus rates available when you have a Mag Fed loan, credit card, or checking account
    • Provides more guarantee than other investments

     

  • 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    1) The certificate is withdrawn or transferred on the date of maturity.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.

Open your Share Certificate online

Did you know you can open your Share Certificate right here online? Save a trip and start saving.

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