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Savings Rates

Put your money to work for you with MSGCU's savings accounts. The current rates for our many savings options are listed below.

Regular Savings Account
APY*Dividend Rate
0.150% 0.150%

*APY = Annual Percentage Yield. $5 Minimum Balance Required.

Effective Date: Sunday, July 23rd, 2017

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You-Name-It Savings Account
APY*Dividend Rate
0.150% 0.150%

No Minimum Balance Required, *APY = Annual Percentage Yield

Effective Date: Sunday, July 23rd, 2017

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Silver Savings Account
Average Daily BalanceAPY*Interest Rate
$100 - $2,499 0.200% 0.200%
$2,500 - $9,999 0.200% 0.200%
$10,000 - $19,999 0.250% 0.250%
$20,000 - $39,999 0.300% 0.300%
$40,000 and higher 0.450% 0.449%

*APY = Annual Percentage Yield. $100 Minimum Average Daily Balance Required to Earn APY.

Effective Date: Sunday, July 23rd, 2017

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Gold Savings Account
Average Daily BalanceAPY*Interest Rate
$50,000 - $69,999 0.550% 0.549%
$70,000 - $89,999 0.600% 0.598%
$90,000 and higher 0.650% 0.648%

*APY = Annual Percentage Yield. $50,000 Minimum Average Daily Balance Required to Earn APY.

Effective Date: Sunday, July 23rd, 2017

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Holiday Club Account
APY*Interest Rate
0.250% 0.250%

*APY = Annual Percentage Yield. No Minimum Balance Required.

Effective Date: Sunday, July 23rd, 2017

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Health Savings Account
APY*Interest Rate
0.600% 0.598%

*APY = Annual Percentage Yield. No Minimum Balance Required.

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Money Market Checking Account
TierAPY*Interest Rate
$2,500 - $4,999 0.100% 0.100%
$5,000 - $7,499 0.100% 0.100%
$7,500 - $9,999 0.100% 0.100%
$10,000 - $24,999 0.150% 0.150%
$25,000 and higher 0.200% 0.200%

*APY = Annual Percentage Yield. $2,500 Minimum Average Daily Balance Required to Earn APY.

Effective Date: Sunday, July 23rd, 2017

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Minimum balance listed is to open an account and earn the advertised APY. All rates and APYs are accurate as of today and subject to change at any time. Fees may reduce earnings on accounts.

Investment Rates

Certificate of Deposit (Regular and IRA CDs)
TermAPY*Interest Rate
6 Months 0.400% 0.399%
1 Year 0.700% 0.698%
18-Month 1.500% 1.492%
2 Years 1.400% 1.393%
3 Years 1.600% 1.590%
4 Years 1.700% 1.689%
5 Years 1.900% 1.887%

*APY = Annual Percentage Yield. $500 Minimum Average Daily Balance Required.

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Grow-With-Me CD
TermAPY*Interest Rate
6 Months 0.250% 0.250%
1 Year 0.400% 0.399%
2 Years 0.700% 0.698%

*APY = Annual Percentage Yield. $250 Minimum Average Daily Balance Required.

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Individual Retirement Account (IRA)
APY*Interest Rate
0.300% 0.300%

*APY = Annual Percentage Yield. No Minimum Balance Required.

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Health Savings Account
APY*Interest Rate
0.600% 0.598%

*APY = Annual Percentage Yield. No Minimum Balance Required.

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Minimum balance listed is to open an account and earn the advertised APY. All rates and APYs are accurate as of today and subject to change at any time. Fees may reduce earnings on accounts. A penalty will be imposed for early withdrawal from Certificates of Deposit.

 

Loan Rates

Michigan Schools and Government Credit Union is lending! What can we finance for you? We offer a quick approval, competitive rates, and an easy application process. Select the loan that fits you best…it's really that easy.

Car Loan, Truck Loan, or SUV Loan
Model YearsAPR* as low as
2015 & Newer 2.24%
2013 & 2014 2.74%
2012 3.24%
2011 3.99%
2010 4.74%
2009 and older 6.74%

Example: A loan amount of $10,000 at 2.24% for 48 months would have an approximate monthly payment of $218.00.

*APR=Annual Percentage Rate. Offer requires Automatic Loan Payment transfer. Loan terms up to 84 months, depending on model year. APR may be higher, based on term of loan, credit score, collateral, and loan to value. New money only. Rates are subject to change at any time. Same-day approval on most vehicle applications. Contact Member Service Representative for more details.

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RV Loan
5th Wheels, Trailers, Campers
Loan AmountAPR* as low asTerm
$75,000 and Over 4.49% Up to 240 months
Between $35,000 - $74,999 4.24% Up to 180 months
Between $20,000 - $34,999 4.24% Up to 144 months
Less than $20,000 4.24% Up to 96 months

Example: A loan amount of $40,000 with a rate as low as 4.24% for 180 months would have a monthly payment of $301.00.

*APR=Annual Percentage Rate. Offer requires Automatic Loan Payment transfer. Loan terms up to 240 months, depending on amount financed. Loan to Value up to 135%. APR may be higher, based on amount financed, term of loan, and credit score. New money only. Rates are subject to change at any time. Same-day approval on most RV applications. Contact Member Service Representative for more details.

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Marine Loan
Loan AmountAPR* as low asTerm
$75,000 and Over 4.49% Up to 240 months
Between $35,000 - $74,999 4.24% Up to 180 months
Between $20,000 - $34,999 4.24% Up to 144 months
Less than $20,000 4.24% Up to 96 months

Example: A loan amount of $40,000 with a rate as low as 4.24% for 180 months would have a monthly payment of $301.00.

*APR=Annual Percentage Rate. Offer requires Automatic Loan Payment transfer. Loan terms up to 240 months, depending on amount financed. Loan to Value up to 135%. APR may be higher, based on amount financed, term of loan, and credit score. Marine Survey may be required. New money only. Rates are subject to change at any time. Same-day approval on most Marine applications. Contact Member Service Representative for more details.

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Power Sports
Jet Ski, ATV, Motorcycle, Snowmobile
Loan AmountAPR* as low asTerm
$30,000 and Over 3.99% Up to 144 Months
Between $10,000 and $29,999 3.99% Up to 120 Months
Less than $10,000 4.74% Up to 84 Months

Example: A loan amount of $12,000 with a rate as low as 3.99% for 60 months would have an approximate monthly payment of $221.00.

*APR=Annual Percentage Rate. Offer requires Automatic Loan Payment transfer. Loan terms up to 144 months, depending on amount financed. Loan to Value up to 135%. APR may be higher, based on amount financed, term of loan, and credit score. New money only. Rates are subject to change at any time. Same-day approval on most Powersport applications. Contact Member Service Representative for more details.

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Line of Credit (Instant Credit)
TypeTermAPR* as low as
Variable None 11.00%

*APR= Annual Percentage Rate. Initial rate may change. Variable-rate loan may change quarterly based on the Wall Street Journal Prime Rate. Maximum APR is 18.0%. Contact Member Service Representative for more details.

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Signature Loan
TypeTermAPR* as low as
Fixed Up to 60 months 6.75%

Example: A loan amount of $5,000 at 9.75% for 60 months would have a monthly payment of $106.00.

*APR=Annual Percentage Rate. Rates based on term and credit score. Contact Member Service Representative for more details.

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Home Equity Line of Credit (HELOC)
TypeTermAPR* as low as
Variable - 80% Loan-to-Value 10-year draw period;
15-year repayment
4.25%
Variable - 90% Loan-to-Value 10-year draw period;
15-year repayment
5.00%

*APR = Annual Percentage Rate. Variable APRs may change quarterly based on The Wall Street Journal Prime Rate and may increase. Maximum APR is 18.0%. $75 annual and $300 reimbursement fees may apply. Michigan properties only. Rates based on credit limit, combined loan to value (CLTV), and credit score.

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Home Equity Loan
TypeTermAPR* as low as
Fixed - 80% Loan-to-Value 1-20 Years 3.75%
Fixed - 90% Loan-to-Value 1-10 Years 4.50%

Example: A loan amount of $10,000 at 120 months with up to 80% Loan-to-Value and a rate as low as 3.75% would be approximately $100.09.

*Annual Percentage Rate. Rates may vary, based on term, credit history, collateral, and whether this loan will serve as a first or second lien. Contact MSGCU for details.

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Mortgage Rates

With free pre-approvals, low closing costs, and flexible payment options, MSGCU makes the mortgage process easy so you can spend less time worrying and more time getting ready for your new home. 

At MSGCU, the entire mortgage team works closely together, offering better communication and a speedier, local decision. We have been in this market for more than 60 years, which means we understand the nuances and know how to help you get to the closing table successfully.

Links to the current rates for our many home loan options are listed below.

 


Interest rates are available to borrowers with an excellent credit history. The actual interest rate available to you will be based on your credit history and loan to value ratio. Call 586.263.8800 for additional information.

Business Accounts Rates

Business Checking
TierAPY*Interest Rate
$0.01 - $24,999.99 0.100% 0.100%
$25,000 - $99,999.99 0.100% 0.100%
$100,000 - $249,999.99 0.150% 0.150%
$250,000 and higher 0.250% 0.250%

*APY = Annual Percentage Yield.

Organizational Checking
APY*Interest Rate
0.000% 0.000%

*APY = Annual Percentage Yield. $100 Minimum Balance Required.

Business Savings Account
APY*Interest Rate
0.150% 0.150%

*APY = Annual Percentage Yield. $100 Minimum Balance Required.

 


Minimum balance listed is to open an account and to earn the advertised APY. All rates and APYs are accurate as of today, and subject to change at any time. APY refers to Annual Percentage Yield. Fees may reduce earnings on accounts. For more information, please call 586.263.8800.