Current Deposit Rates

Rates effective as of 10/16/20 and are subject to change without notice.

Certificate of Deposit Rates

TermAPY*Interest RateMinimum to Open
91 Day0.10%0.10%$1,000
182 Day0.20%0.20%$1,000
1 Year0.40%0.40%$1,000
18 Month0.45%0.45%$1,000
2 Year0.50%0.50%$1,000
3 Year0.50%0.50%$1,000
4 Year0.50%0.50%$1,000
5 Year0.50%0.50%$1,000
7 Year0.50%0.50%$1,000

IRA Certificate of Deposit Rates

TermAPY*Interest RateMinimum to Open
1 Year0.45%0.45%$500
18 Month0.50%0.50%$500
2 Year0.55%0.55%$500
3 Year0.55%0.55%$500
4 Year0.55%0.55%$500
5 Year0.55%0.55%$500
7 Year0.55%0.55%$500

Savings and Checking Accounts

Account TypeAPY**Interest RateMinimum to Open
Passbook Savings ***0.05%0.05%$10
Statement Savings ***0.05%0.05%$10
Lifestyle Checking0.03%0.03%$50
Eagle Platinum Checking ****0.03%0.03%$250
Tipp/Monroe/Bethel & Vandalia/Butler Money Fund
$0 - $9,999.990.05%0.05%$2500
$10,000 - $24,999.990.05%0.05%$2500
$25,000 - $49,999.990.15%0.15%$2500
$50,000 - $99,999.990.20%0.20%$2500
$100,000 and over0.30%0.30%$2500


* APY means Annual Percentage Yield and assumes reinvestment of interest earned at the stated rate. Substantial penalty for early withdrawal on all certificate of deposits. Fees may reduce account earnings. ** APY means Annual Percentage Yield and assumes reinvestment of interest earned at the stated rate. Rates may change after account is open. Fees may reduce account earnings. *** Must maintain a balance of $100 to earn interest. ****Must maintain a balance of $250 to earn interest. Deposit Limitations – Subject to change without notice.  Monroe Federal Savings & Loan will only accept deposits from counties contiguous to any county in which Monroe Federal operates.