Current Deposit Rates

Rates effective as of 01/17/2023 and are subject to change without notice.

Certificate of Deposit Rates

TermAPY*Interest RateMinimum to Open
91 Day1.00%1.00%$1,000
182 Day1.50%1.49%$1,000
1 Year3.50%3.46%$1,000
13 Month Special^4.00%3.94%$10,000
18 Month4.00%3.94%$1,000
2 Year4.00%3.94%$1,000
3 Year3.50%3.45%$1,000
4 Year3.50%3.46%$1,000
5 Year3.50%3.46%$1,000
7 Year3.50%3.46%$1,000
^Promotional interest rate on new money

 

IRA Certificate of Deposit Rates

TermAPY*Interest RateMinimum to Open
1 Year3.50%3.44%$500
13 Month Special^4.00%3.92%$10,000
18 Month4.00%3.92%$500
2 Year4.00%3.92%$500
3 Year3.50%3.44%$500
4 Year3.50%3.44%$500
5 Year3.50%3.44%$500
7 Year3.50%3.44%$500
^Promotional interest rate on new money

 

Savings and Checking Accounts

Account TypeAPY**Interest RateMinimum to Open
Passbook Savings ***0.04%0.04%$10
Statement Savings ***0.04%0.04%$10
Lifestyle Checking0.02%0.02%$50
Eagle Platinum Checking ****0.02%0.02%$250
Tipp/Monroe/Bethel & Vandalia/Butler Money Fund
$0 - $9,999.990.04%0.04%$2500
$10,000 - $24,999.990.14%0.14%$2500
$25,000 - $49,999.990.20%0.20%$2500
$50,000 - $99,999.990.25%0.25%$2500
$100,000 and over0.35%0.35%$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.