Deposit Diary Daily #268

Mountain America Credit Union nationally available 18-month Certificate, 5.00% APY

For a limited time, Mountain America Credit Union is offering a nationally available 18-month Standard Certificate with a 5.00% APY. The minimum opening deposit is $500, no balance cap.

The 18-month Certificate is also available as a Growth Certificate earning the same 5.00% APY. MACU Growth Certificates are Add-On Certificates that allow additional deposits throughout the term up to a cumulative cap of $100k.

Growth Certificate

• Only $5 to open the account

• Funds can be added anytime

• Requires automated monthly deposit of at least $10

• No rate bump option

According to the fine print on the landing page,

Upon meeting the $100,000 aggregate deposit limit, automated monthly deposits may be canceled by the credit union and no additional deposits will be allowed in any growth certificate for that member.

A big thank-you to DQ subscriber, RRR, for posting about this hot certificate!

OPENING A CERTIFICATE

Opening an 18-month Standard or Growth Certificate can be done online or in-branch at any of 106 full-service branch locations located in Arizona (10), Idaho (12), Montana (2), Nevada (5), New Mexico (2), and Utah (75). The landing page lists online opening instructions for both current and new members.

For those joining MACU, membership is available all U.S. citizens and resident aliens (18-years or older with a valid Social Security number) who join the American Consumer Council ($5 membership fee).

CERTIFICATE DETAILS

• Funding – ACH, wire ($10 fee), or internal transfer.

• MACU does not participate in the CO-OP Shared Branch network.

• Certificates can be opened as individual, joint, or trust accounts.

• Early withdrawal penalty – 180 days of dividends on amount withdrawn. partial withdrawals are allowed, but the principal will be invaded if a withdrawal is made in the first 180 days after opening.

• Dividends – Compounded/credited monthly. Dividends can be deposited in the certificate or can be transferred to another MACU account.

• Maturing funds – Automatic transfer to MACU Share Account. Can be disbursed by ACH, wire ($15 fee), or cashier’s check.

• There is a 10 calendar day grace period before automatic renewal.

• Beneficiaries – Unlimited with equal shares; Social Security numbers are required.

• Credit check – Soft pull when joining.

Mountain America Credit Union was founded in 1934 as the Salt Lake Telephone Employees Credit Union. Based on FDIC Q3 2024 data, MACU is currently the eighth largest credit union in the country, with more 1.2 million members and assets in excess of $20 billion.