Rates effective as of 04/15/2024 and are subject to change without notice.
Certificate of Deposit Rates
| Term | Interest Rate | APY* | Minimum to Open |
|---|---|---|---|
| 6 Month Special ^ | 4.96% | 5.05% | $1,000 |
| 9 Month Special^^ | 4.67% | 4.75% | $1,000 |
| 18 Month Special ^^^ | 4.67% | 4.75% | $1,000 |
| 91 Day | 1.00% | 1.00% | $1,000 |
| 182 Day | 1.49% | 1.50% | $1,000 |
| 1 Year | 3.46% | 3.50% | $1,000 |
| 18 Month | 3.70% | 3.75% | $1,000 |
| 2 Year | 3.46% | 3.50% | $1,000 |
| 3 Year | 3.21% | 3.25% | $1,000 |
| 4 Year | 3.21% | 3.25% | $1,000 |
| 5 Year | 3.21% | 3.25% | $1,000 |
| 7 Year | 3.21% | 3.25% | $1,000 |
^^ Renews at the 12 month rate
^^^ Renews at the 18 month rate
* 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.
IRA Certificate of Deposit Rates
| Term | Interest Rate | APY* | Minimum to Open |
|---|---|---|---|
| 6 Month Special ^ | 4.93% | 5.05% | $1,000 |
| 9 Month Special^ | 4.64% | 4.75% | $1,000 |
| 18 Month Special ^^ | 4.64% | 4.75% | $1,000 |
| 1 Year | 3.44% | 3.50% | $500 |
| 18 Month | 3.68% | 3.75% | $500 |
| 2 Year | 3.44% | 3.50% | $500 |
| 3 Year | 3.20% | 3.25% | $500 |
| 4 Year | 3.20% | 3.25% | $500 |
| 5 Year | 3.20% | 3.25% | $500 |
| 7 Year | 3.20% | 3.25% | $500 |
^^ Renews at the 18 month rate
* 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.
Savings and Checking Accounts
| Account Type | Interest Rate | APY** | Minimum to Open |
|---|---|---|---|
| Passbook Savings *** | 0.04% | 0.04% | $10 |
| Statement Savings *** | 0.04% | 0.04% | $10 |
| Lifestyle Checking | 0.02% | 0.02% | $50 |
| Eagle Platinum Checking **** | 0.02% | 0.02% | $250 |
| Tipp/Monroe/Bethel & Vandalia/Butler Money Fund | |||
| $0 - $9,999.99 | 0.04% | 0.04% | $2,500 |
| $10,000 - $24,999.99 | 0.14% | 0.14% | $2,500 |
| $25,000 - $49,999.99 | 0.20% | 0.20% | $2,500 |
| $50,000 - $99,999.99 | 0.25% | 0.25% | $2,500 |
| $100,000 and over | 0.35% | 0.35% | $2,500 |
*** 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.