What are Mountain America Credit Union CD Rates in 2024?

News: If you’re looking to grow your savings while keeping your money safe, Mountain America Credit Union offers competitive certificate of deposit (CD) rates. Let’s explore what these rates are and how they can benefit you.

What Is a Certificate of Deposit (CD)?

A CD is a type of savings account with a fixed term. You agree to keep your money deposited for a specific period, and in return, the credit union pays you interest. It’s a great way to earn more on your savings compared to a regular savings account.

Mountain America’s CD Rates for 2024

1. Standard Certificates

These are the standard CDs with various terms:

1. 6-Month Standard Certificate:

• Rate: 5.13%

• Minimum Balance: $500

2. 12-Month Standard Certificate:

• Rate: 5.13%

• Minimum Balance: $500

3. 18-Month Standard Certificate:

• Rate: 4.41%

• Minimum Balance: $500

4. 24-Month Standard Certificate:

• Rate: 4.41%

• Minimum Balance: $500

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2. Growth Certificates

These CDs offer slightly higher rates and are perfect for long-term investors:

1. 6-Month Growth Certificate:

• Rate: 5.13%

• Minimum Balance: $5

2. 12-Month Growth Certificate:

• Rate: 5.13%

• Minimum Balance: $5

4. 18-Month Growth Certificate:

• Rate: 4.41%

• Minimum Balance: $5

5. 24-Month Growth Certificate:

• Rate: 4.41%

• Minimum Balance: $5

3. Youth Certificates

Designed for young savers, these CDs offer attractive rates:

1. 12-Month Youth Certificate:

• Rate: 5.22%

• Minimum Balance: $5

2. 24-Month Youth Certificate:

• Rate: 4.51%

• Minimum Balance: $5

Why Choose Mountain America?

1. Competitive Rates: Mountain America’s rates are among the best in the market.

2. Safety: Your deposits are federally insured by the NCUA.

3. Flexible Terms: Choose the CD term that suits your financial goals.

FAQs

Q: Can I check out a regular certificate on the internet?

A: You have two options – you can either go to a branch or apply online.

Q: How much money do I need to start a growth certificate?

A: To kickstart a growth certificate, you just need a minimum balance of $5.

Q: Can people of all ages get youth certificates?

A: While youth certificates are made for the younger folks, anyone can open one with just $5 to begin with.

Disclaimer: Please note that all content and tools on this website are provided for your convenience and are offered “as is” without warranties. The information provided, including any tool-generated output, is for informational purposes only and should not be considered investment advice or guarantees. Exercise caution, seek professional advice, and make independent judgments before acting on any information found on this site.