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Certificates 

Certificates are safe, stable savings options that allow you to lock in a fixed dividend rate for the term of the certificate. They generally offer a higher dividend rate than Savings or Money Market accounts. No member of a federally insured credit union has ever lost one penny of insured savings.

To learn more about NCUA view these brochures:

How to set up a CD. 

You may schedule an appointment with one of our Member Services Representatives by calling 941-748-7704 and they can help you every step of the way.

Or become a member and get a CD without coming to the branch. Here are the steps:

  1. If you are not a member yet please join us. Click here to become a member
  2. Send in a copy of your valid ID and signed membership application either by fax (941-748-7620), email (information@manateecfcu.org), or mail your information to: Manatee Community Federal Credit Union, 604 13th Avenue East, Bradenton, FL 34208, AND
  3. Fund your account either through mail, electronic transfer through our on-line banking, or direct deposit.

There are several types of CDs:

Traditional Certificate of Deposit

  • Competitive Rates
  • $1000. minimum deposit
  • Dividends transferred or disbursed by check
  • Maturity dates range 6 months to 24 months
  • Early withdrawal*
  • Automatic Renewal
  • Notification prior to maturity

*Penalty for early withdrawal

Certificate Add-On

  • Competitive Rates
  • $2500. minimum deposit
  • $500. minimum additional
  • Dividends transferred or disbursed by check
  • Maturity dates range 6 months to 24 months
  • Early withdrawal*
  • Notification prior to maturity

*Penalty for early withdrawal

IRA Certificates

  • Competitive Rates
  • $1000. Minimum deposit
  • Dividends retained in Certificate
  • Notification prior to maturity

Certificates
Effective Date: Monday, May 29th, 2017
NameMinimum Deposit to Open AccountMinimum Balance to Obtain DividendRateAPY*
6 Month Certificate - Regular $1,000 $1,000 0.40%2 0.40%3
12 Month Certificate - Regular (IRA 12 Month) $1,000 $1,000 0.50%2 0.50%3
  $10,000 $10,000 0.50%2 0.50%3
24 Month Certificate - Regular or IRA $1,000 $1,000 0.75%2 0.75%3
  $10,000 $10,000 0.75%2 0.75%3

2 If you withdraw any principal before the maturity date, a penalty equal to 90 days dividend on the funds withdrawn [earned or not] will be assessed. MCFCU uses the daily balance method to calculate dividends on your account. This method applies a daily periodic rate to the principal in the account each day.

3 APY means a percentage rate reflecting the total amount of dividends that will be paid on an account, based on the dividend rate and frequency of compounding for a 365-day period. The APY is based on the assumption that dividends will remain on deposit. A withdrawal will reduce earnings.

4 If your balance falls below $1,000.00 anytime during the month, your account will be assessed a service charge of $10 for that month.

If you make more than six (6) withdrawls or transfers in one month you will be assessed a service charge of $10.00 for each withdrawl over six.

Dividends begin to accrue on the business day you make your deposit as long as the minimum balance to obtain the APY is met. Dividends are compounded and credited quarterly on the last day of March, June, September, December, and at maturity, as in the case of Certificates; [and on the last day of the month on Checking Plus]

Service Charges and other conditions can reduce the earnings on your account. Dividend rates and APY are accurate as of the date stated on this Rate Sheet. Ask an employee or call us at 748-7704 for further information about applicable service charges, current rates, account conditions or to receive a particular account disclosure and/or accounts agreement.

Member accounts are federally insured up to $250,000 by the National Credit Union Share Insurance Fund. IRA accounts are insured up to $250,000.

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