Current Deposit Rates

Rates effective as of 07/15/19 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 Year2.00%1.99%$1,000
18 Month2.10%2.08%$1,000
2 Year2.20%2.18%$1,000
3 Year2.30%2.28%$1,000
4 Year2.40%2.38%$1,000
5 Year2.45%2.43%$1,000
7 Year2.50%2.48%$1,000

IRA Certificate of Deposit Rates

TermAPY*Interest RateMinimum to Open
1 Year2.10%2.08%$500
18 Month2.20%2.18%$500
2 Year2.30%2.27%$500
3 Year2.40%2.37%$500
4 Year2.50%2.47%$500
5 Year2.55%2.52%$500
7 Year2.60%2.57%$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
Now Account ***0.03%0.03%$100
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 - $49,999.990.25%0.25%$2500
$50,000 - $99,999.990.45%0.45%$2500
$100,000 and over0.75%0.75%$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. 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.