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Certificates of Deposit

If you do not need immediate access to your funds, you can earn a higher yield and enjoy guaranteed safety with a Certificate of Deposit.

  • Competitive fixed rate of interest
  • FDIC insurance
  • Available terms range from 3 months to 5 years
  • Available options for interest payments:
    • automatic reinvestment
    • check
    • transfer to a Mutual Federal checking or savings account
    • transfer to a checking or savings account at another bank

 

  Minimum Balance to
Open and Earn APY
Interest
Rate
Annual Percentage
Yield (APY) *
3 MONTH CERTIFICATE $1,000 0.15% 0.15%
6 MONTH CERTIFICATE $1,000 0.20% 0.20%
9 MONTH CERTIFICATE  $900 0.35% 0.35%
1 YEAR CERTIFICATE $500 0.65% 0.65%
18 MONTH CERTIFICATE $500 0.65% 0.65%
2 YEAR CERTIFICATE $500 0.65% 0.65%
2 1/2 YEAR CERTIFICATE $500 0.65% 0.65%
3 YEAR CERTIFICATE $500 0.65% 0.65%
4 YEAR CERTIFICATE $500 0.65% 0.65%
5 YEAR CERTIFICATE $500 0.65% 0.65%

 

* Penalties for early withdrawal of funds may apply. Maximum deposit $249,000.
  Rates accurate as of March 12, 2020.

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© 2010 Mutual Federal Bank, Member FDIC, Certificate No. 28302.