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
6 Months 2.500% 2.477%
12 Months 3.000% 2.967%
2 Years 3.250% 3.211%
3 Years 3.500% 3.455%
4 Years 3.650% 3.602%
5 Years 4.000% 3.942%
9 Months 4.250% 4.184%
23 Months 4.500% 4.426%

*APY = Annual Percentage Yield. $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.

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