We know that every dollar makes a difference
It's a challenge to build your savings to where you want it to be. That's why Maui County Federal Credit Union pays competitive rates on all types of savings accounts, such as IRAs, Share Certificates, and ESAs, as well as dividend-earning checking options.
CHECKING & SAVINGS
CHECKING*
| Account Type | Dividend Rate | APY** | Minimum Opening Deposit | Minimum Balance to earn APY | Dividend Frequency |
|---|---|---|---|---|---|
| Malama Rewards Checking* | 4.89% | 5.00% | $25.00 | $100.00 | Monthly |
| Checking | 0.025% | 0.025% | $25.00 | $100.00 | Monthly |
SAVINGS*
| Account Type | Dividend Rate | APY** | Minimum Opening Deposit | Minimum Balance to earn APY | Dividend Frequency |
|---|---|---|---|---|---|
| Regular Savings | 0.05% | 0.05% | $5.00 | $100.00 | Monthly |
| Kids Club Account | 0.05% | 0.05% | $5.00 | $100.00 | Monthly |
| Teen Account | 0.05% | 0.05% | $5.00 | $100.00 | Monthly |
| Christmas Savings | 0.05% | 0.05% | $5.00 | N/A | Annually |
SHARE CERTIFICATES*
| Term | Dividend Rate | APY*** | Min. Opening Deposit | Dividend Frequency |
|---|---|---|---|---|
| 6-month | 4.17% | 4.25% | $1,000.00 | Monthly |
| 1-year | 3.93% | 4.00% | $1,000.00 | Monthly |
| 2-year | 3.45% | 3.50% | $1,000.00 | Monthly |
| 3-year | 3.45% | 3.50% | $1,000.00 | Monthly |
| 4-year | 2.96% | 3.00% | $1,000.00 | Monthly |
| 5-year | 2.96% | 3.00% | $1,000.00 | Monthly |
IRAs*
| Account Type | Dividend Rate | APY** | Minimum Opening Deposit | Minimum Balance to earn APY | Dividend Frequency |
|---|---|---|---|---|---|
| Traditional | 3.45% | 3.50% | $5.00 | N/A | Monthly |
| Roth | 3.45% | 3.50% | $5.00 | N/A | Monthly |
| Coverdell ESA | 3.45% | 3.50% | $5.00 | N/A | Monthly |
* Read the savings, checking and IRA Truth in Savings disclosure here and the share certificate Truth in Savings disclosure here.
** Annual Percentage Yields (APYs) are accurate as of August 1, 2023. The rates may change after the accounts are opened. Fees could reduce the earnings on the accounts. Dividends and percentage yields may change monthly, as determined by the Board of Directors. Credit Union membership is $5.00 par value.
*** Annual Percentage Yields (APYs) are accurate as of October 1, 2024. A penalty may be imposed for early withdrawals. Dividends are credited to your Regular Share account or back to certificate.