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Mayo Employees Federal Credit Union offers certificates, Traditional and Roth IRAs, and Coverdell ESAs in certificate options with terms and rates listed below. Minimum opening balance is $1,000. A penalty may be imposed for early withdrawal. Rates are accurate as of specified date and are subject to change.
Certificates
| Effective as of May 09, 2008 |
| Term |
Dividend Rate |
Annual
Percentage Yield |
| 3 months |
|
|
| $1,000 - $9,999.99 |
2.43% |
2.45% |
| $10,000 - $24,999.99 |
2.48% |
2.50% |
| $25,000 - $49,999.99 |
2.53% |
2.55% |
| $50,000 - $99,999.99 |
2.53% |
2.55% |
| $100,000 + |
2.58% |
2.61% |
| 6 months |
|
|
| $1,000 - $9,999.99 |
2.57% |
2.59% |
| $10,000 - $24,999.99 |
2.62% |
2.65% |
| $25,000 - $49,999.99 |
2.67% |
2.70% |
| $50,000 - $99,999.99 |
2.67% |
2.70% |
| $100,000 + |
2.72% |
2.75% |
| 1 year |
|
|
| $1,000 - $9,999.99 |
2.72% |
2.75% |
| $10,000 - $24,999.99 |
2.77% |
2.80% |
| $25,000 - $49,999.99 |
2.82% |
2.85% |
| $50,000 - $99,999.99 |
2.82% |
2.85% |
| $100,000 + |
2.87% |
2.90% |
| 2 years |
|
|
| $1,000 - $9,999.99 |
2.92% |
2.95% |
| $10,000 - $24,999.99 |
2.97% |
3.00% |
| $25,000 - $49,999.99 |
3.02% |
3.05% |
| $50,000 - $99,999.99 |
3.02% |
3.05% |
| $100,000 + |
3.07% |
3.11% |
| 3 years |
|
|
| $1,000 - $9,999.99 |
3.16% |
3.20% |
| $10,000 - $24,999.99 |
3.21% |
3.25% |
| $25,000 - $49,999.99 |
3.26% |
3.30% |
| $50,000 - $99,999.99 |
3.26% |
3.30% |
| $100,000 + |
3.31% |
3.35% |
 Deposit account information
Mayo Employees Federal Credit Union also offers a savings option for Traditional and Roth IRAs and Coverdell ESAs at the following rate. The rate is accurate as of specified date. Variable rate may change after account is open.
IRAs/ESAs
| Effective as of May 09, 2008 |
| |
Dividend Rate |
Annual
Percentage Yield |
| IRA/ESA savings |
2.18% |
2.20% |
Deposit account information
 Deposits are federally insured to at least $100,000 by the National Credit Union Administration, a U.S. government agency. For deposit accounts that exceed $100,000, and IRA's that exceed $250,000, Mayo Employees Federal Credit Union provides -- at no cost to the member -- additional deposit insurance of $250,000 through Excess Share Insurance, the nation's largest private deposit insurer.
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