Savings Accounts
Minimum opening deposit for savings is $5. Minimum balance required for Money Market Savings to earn stated rate is $2,500. Annual percentage yield is accurate as of specified date.
| Effective as of May 09, 2008 |
| Savings Accounts |
Dividend Rate |
Annual
Percentage Yield |
| $0 - $2,499.99 |
.45% |
.45% |
| $2,500 - $9,999.99 |
.55% |
.55% |
| $10,000 - $24,999.99 |
.80% |
.80% |
| $25,000+ |
1.05% |
1.05% |
| Money Market Savings |
|
|
| $2,500 - $9,999.99 |
1.10% |
1.10% |
| $10,000 - $24,999.99 |
1.49% |
1.50% |
| $25,000 - $49,999.99 |
2.13% |
2.15% |
| $50,000 - $99,999.99 |
2.13% |
2.15% |
| $100,000+ |
2.38% |
2.40% |
| Premium Money Market Savings |
|
|
| $20,000 - $24,999.99 |
2.28% |
2.30% |
| $25,000 - $49,999.99 |
2.28% |
2.30% |
| $50,000 - $99,999.99 |
2.62% |
2.65% |
| $100,000+ |
2.87% |
2.90% |
 Deposit account information
Checking Accounts
Minimum opening balance $25. Rate may change after account is opened. Dividends are compounded and credited monthly.
| Effective as of May 09, 2008 |
| Checking Accounts |
Dividend Rate |
Annual
Percentage Yield |
| $0 - $2,499.99 |
.10% |
.10% |
| $2,500+ |
.25% |
.25% |
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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