Business Share Accounts
Dividend Rates
For Loan Rates, click here.
Business Savings and Checking Accounts
| Account |
APY* |
|---|---|
| Business Basic Savings (paid on balance over $100) |
0.03% |
| Business e-Checking - $0 to $1,000 (paid monthly) |
0.50% |
| Business e-Checking - above $1,000 (paid monthly) |
0.20% |
Business Money Market
| Tiers | APY* |
|---|---|
| $0 - $9,999 |
0.05% |
| $10,000 - $49,999 |
0.10% |
| $50,000 - $99,999 | 0.15% |
| $100,000 - $499,999 |
0.20% |
| $500,000 - $999,999 |
0.25% |
| $1,000,000 and up |
0.30% |
Quarterly dividend rates were declared by the Board of Directors for the quarter ending June 2023.
Dividend for the next quarter will be declared in September 2023.
Monthly dividends were effective September 1, 2023.
Dividends are calculated daily and paid monthly on Business e-Checking and Business Money Market.
Dividends are calculated daily, compounded and paid quarterly on Business Basic Savings.
Fees could reduce earnings on these accounts.
No minimum balance required for APY* on Business e-Checking and Business Money Market accounts.
The APY* is a variable rate and may change after the account is opened.
*APY=Annual Percentage Yield
Checking and Savings Rates
| Account | APY* |
|---|---|
| Basic Membership Savings Account | 0.03% |
| Preferred Youth Savings Account | 0.50% |
| Christmas Savings Account | 0.15% |
| Vacation Savings Account | 0.15% |
| Checking Plus Account | 0.05% |
| Preferred Youth Checking Account | 0.15% |
| FirstStep Youth Checking | 0.15% |
| Freedom Youth Checking | 0.15% |
| e-Checking - $0 to $1,000 (paid monthly) | 0.50% |
| e-Checking - above $1,000 (paid monthly) | 0.20% |
Quarterly dividend rates were declared by the Board of Directors for the quarter ending June 2023.
Dividend for the next quarter will be declared in September 2023.
Monthly dividend rates were effective September 1, 2023.
$100 minimum balance is required for dividends on all savings account except Preferred Youth Savings.
$500 minimum balance required for dividends on the Checking Plus Account.
Fees could reduce earnings on these accounts.
The APY* is a variable rate and may change after the account is opened.
*APY = Annual Percentage Yield
| Amount Required for APY* | APY* |
|---|---|
| $0 - $49,999 | 0.20% |
| $50,000 - $199,999 | 2.00% |
| $200,000 and up | 3.00% |
Premiere Money Market Account is available to members with a checking account or to members who deposit a minimum of $25,000 in new money in the Premiere Money Market Account.
Rates are effective as of September 1, 2023.
Dividends are calculated and paid monthly.
Dividends are calculated and paid monthly.
Minimum Balance to open is $1000 (members with a checking account) or $25,000 in new money.
The APY is a variable rate and may change after the account is opened.
Fees could reduce earnings on this account.
*APY = Annual Percentage Yield.
Money Market Account
| Amount Required for APY* | APY* |
|---|---|
| $0 - $9,999 | 0.05% |
| $10,000 - $49,999 | 0.10% |
| $50,000 - $99,999 | 0.15% |
| $100,000 - $499,999 | 0.20% |
| $500,000 - $999,999 | 0.25% |
| $1,000,000 and up | 0.30% |
Rates are effective as of September 1, 2023.
Dividends are calculated and paid monthly.
Dividends are calculated and paid monthly.
Minimum Balance to open is $1000.
The APY is a variable rate and may change after the account is opened.
Fees could reduce earnings on this account.
*APY = Annual Percentage Yield.
PayDay Certificate
12 Month - 0.40% APY*
$100.00 Minimum Certificate
Requires a $10.00 minimum deposit transferred into the certificate at least monthly.
Most savings or checking accounts are available for transfer.
Transfers may occur weekly, bi-weekly, semi-monthly or monthly
and must come from a non-tax favored savings or checking account.
Rate is effective as of September 1, 2023.
There may be a penalty for early withdrawal on certificate accounts.
Dividends are calculated daily and paid monthly.
Fees could reduce earning on these accounts.
*APY = Annual Percentage Yield.
Regular, Traditional IRA, and Roth IRA
| Amount Required for APY* | APY* |
|---|---|
| $500 or more | 0.30% |
| $0.01 to $499.99 | 0.15% |
Quarterly dividend rates were declared by the Board of Directors for the quarter ending June 2023.
Dividend for the next quarter will be declared in September 2023.
$100 minimum balance is required for dividends on Payroll Plus Savings Account.
Fees could reduce earnings on these accounts.
The APY* is a variable rate and may change after the account is opened.
*APY = Annual Percentage Yield
Regular & Tax-Favored Certificates
| Term | Minimum Balance Required for APY* | APY* |
|---|---|---|
| 6 Month | $1,000+ | 0.30% |
| 12 Month Youth | $100 - Minimum Opening Balance Additions allowed to Youth Certificate $50 Minimum Deposit |
0.40% |
| 1 Year | $1,000+ | 0.40% |
| 18 Month | $1,000+ | 0.45% |
| 2 Year | $1,000+ | 0.50% |
| 3 Year | $1,000+ | 0.60% |
| 4 year | $1,000+ | 0.60% |
| 5 Year | $1,000+ | 0.60% |
Certificate Specials
Pick Your Term: 7 or 14 Months 5.40% APY* - requires $25K new money to Mid American
13 Month 4.25% APY* - $1,000 minimum
There may be a penalty for early withdrawal on certificate accounts.
Dividends are calculated daily and paid monthly.
*APY = Annual Percentage Yield. 7-month, 14-month and 13-month specials will renew as 12-month certificates.
Rates are effective as of September 1, 2023.
Specials
13-month - 4.25% APY* - Minimum Balance $1,000
Renews to a regular certificate with a 12-month term.
Deposits over $1,000,000 require approval.
7 or 14-month - 5.40% APY* - Minimum Balance $25,000
Requires $25,000 in new money.
Renews to a regular certificate with a 12-month term.
Deposits over $1,000,000 require approval.
There may be a penalty for early withdrawal on a certificate accounts.
Dividends are calculated daily and paid monthly.
Rates are effective as of September 1, 2023.
*APY = Annual Percentage Yield
Rates are subject to change without notice.
Traditional, SEP & Roth IRAs, and HSAs
| Amount Required for APY | APY* |
|---|---|
| $0 - $9,999 | 0.05% |
| $10,000 - $49,000 | 0.10% |
| $50,000 - $99,999 | 0.15% |
| $100,000 - $499,999 | 0.20% |
| $500,000 - $999,999 | 0.25% |
| $1,000,000 and up | 0.30% |
Rates are effective as of September 1, 2023.
Dividends are calculated daily and paid monthly.
Unlimited deposits and withdrawals with no penalties as permitted by IRS
There may be a penalty for early withdrawal on certificate accounts.
Fees could reduce earnings on these accounts.
The APY* is a variable rate and may change after the account is opened.
*APY=Annual Percentage Yield.
IRAs
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