A sound investment in your future. Or your child’s education.

  • CDs available for both Traditional and Roth Individual Retirement Accounts
  • No monthly service charge
  • Guaranteed returns with higher interest rates than traditional savings accounts
  • May also be used to pay for a child’s higher education
  • Earn more with the Bump Your Rate option

All it takes is $500 to open an IRA Certificate of Deposit at Michigan Schools and Government Credit Union. There's no limit on the number of CDs you can have in your portfolio. Ask your tax advisor about the wide range of tax benefits provided by various types of IRAs.

Certificate of Deposit (Regular and IRA CDs)
TermAPY*Interest Rate
Standard
6 Months 2.50% 2.48%
12 Months 3.00% 2.97%
2 Years 3.00% 2.97%
3 Years 3.25% 3.21%
4 Years 3.25% 3.21%
5 Years 3.50% 3.46%
Promotional
5 Months New Money^ (in-branch only) 4.40% 4.33%
9 Months 4.25% 4.18%
18 Months 4.05% 3.99%

*APY = Annual Percentage Yield. APY and rates rounded to the hundredth percentile. $500 Minimum Average Daily Balance Required. Certificate of Deposits will automatically renew at maturity. You have a grace period of ten (10) calendar days after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty. Promotional Certificates will automatically renew at maturity to a standard term Certificate offered at the time of maturity.

^APY = Annual Percentage Yield. The 5-month promotional CD is offered as of 10/27/2025 for new money only (funds that are not currently on deposit at MSGCU) and cannot be combined with any current deposit dollars including rollovers from maturing MSGCU CDs. Minimum balance to open the CD account and earn the advertised APY is $500. Funds will be considered new if: the funds came to MSGCU via cash, check, or wire transfer and the CD is opened within five days of receiving the funds or if the funds came from an IRA transfer that was deposited into the IRA share and the CD is opened within five days. Maximum CD balance of $100,000. Penalty for early withdrawal. Businesses and municipalities are not eligible. Available through 12/31/2025. Offer renews to a 6-month term Certificate of Deposit. Terms and rates are subject to change at any time without notice. Offer not available to MSGCU team members.

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