Deposit Rates
MetroWest Community Federal Credit Union is committed to helping individuals in our communities manage their financial needs by offering a wide range of affordable savings and loan products.
Checking
| Account Type | Minimum Balance | Dividend Rate | APY* |
|---|---|---|---|
| Drafts/Checking | No Minimum Balance Required in account. The minimum to earn a dividend is $1,000.00 | 0.05% | 0.05% |
Checking account dividends are earned on the average daily balance (unless otherwise noted), are posted, and compounded monthly. Fees may be imposed on each check, ATM withdrawal, debit card purchase, or any other electronic withdrawal or transfer transaction that is drawn on an insufficient available account balance. See our Truth-In-Savings disclosure concerning dividend calculation methods and restrictions, as well as our Funds Availability Policy, for information regarding the availability of funds in your account. Rates are subject to change monthly.
CHECKING/SERVICE CHARGE FEE SCHEDULE
| Item | Fee |
|---|---|
| Overdrafts Transfer | $15.00 |
| Bill Pay Overdraft | $35.00 |
| Overdraft Returned Unpaid | $35.00 |
| Stop Payment | $30.00 |
| Returned Deposit Items | $35.00 |
| ATM / Debit Card Replacement | $10.00 |
| Wire Transfers (Domestic outgoing only) | $30.00 |
| Statement Copies per hour | $25.00 |
| Check Copies | $1.00 per check (these are free through Internet Banking) |
| Official/Cashier's Checks | $1.00 (Excluding loan checks) |
| Account Research | $25.00/hour (minimum $25.00) |
| Outgoing IRA Transfer (Resulting in Closure) | $30.00 |
| ACH Overdraft | $35.00 |
| Bill Pay (Same day payment processing only) | $30.00 |
| Bill Pay | No Charge for Members |
| Notary Service | No Charge for Members |
| Paper Statement Postage Fee | $2.50/Month (Excluding e-Statement users & members 62 and older) |
| Subordinations (Contact loan department for details) | $200.00 |
| Confirmatory Discharge (Contact loan department for details) | $105.00 |
| Courier Service (Fed Ex) to Expedite a Transaction | Member pays delivery cost |
| Abandon Property per year | $5.00 per year dormant ($25.00 Remittance Fee) |
Savings
| Account Type | Minimum Balance | Minimum Dividend | Dividend Rate | APY* |
|---|---|---|---|---|
| Shares/Savings | $5.00 | $25.00 | 0.05% | 0.05% |
| Club Savings | $5.00 | $25.00 | 0.10% | 0.10% |
| Money Market | $500.00 - $10,000.00 | $500.00-$10,000.00 | 0.15% | 0.15% |
| Money Market | $10,000.00 or greater | Over $10,000.00 | 0.20% | 0.20% |
All share account dividends are earned on the average daily balance (unless otherwise noted) and are posted and compounded monthly. All share account rates are Variable Rates (unless otherwise noted). Certain assumptions apply. See our Truth-In-Savings disclosure concerning dividend calculation methods and restrictions. Rates are subject to change monthly. Not responsible for typographical errors or omissions
IRA Traditional Certificates
$500.00 minimum balance required. Same rates as the Certificates of Deposit.
IRA Roth Certificates
Effective January 1, 2025
$500.00 minimum balance required
CD/IRA
| Account Type | Dividend Method | Minimum Balance | Dividend Rate | APY* |
|---|---|---|---|---|
| 3 Month | Paid Monthly | $500.00 | 4.00% | 4.05% |
| 6 Month | Paid Monthly | $500.00 | 4.25% | 4.32% |
| 9 Month | Paid Monthly | $500.00 | 4.25% | 4.33% |
| 12 Month | Paid Monthly | $500.00 | 4.00% | 4.07% |
| 15 Month | Paid Monthly | $500.00 | 4.00% | 4.07% |
| 18 Month | Paid Monthly | $500.00 | 3.75% | 3.81% |
| 24 Month | Paid Monthly | $500.00 | 3.00% | 3.04% |
| 36 Month | Paid Monthly | $500.00 | 3.00% | 3.04% |
| 48 Month | Paid Monthly | $500.00 | 3.00% | 3.04% |
(Balances greater than $50,000.00 will receive an additional 0.05%)
(Balances greater than $100,000.00 will receive an additional 0.10%)
*APY = Annual Percentage Yield. All certificate dividends are earned on the actual certificate balance (unless otherwise noted) and are posted and compounded monthly. Penalties exist for early withdrawal. The member has the option to have dividends transferred to a Savings account or check mailed. If the member chooses this option the certificate would be non-compounding.