MCT Credit Union offers better rates and fewer fees than many financial institutions, because we’re a not-for-profit financial cooperative that returns profits to our members.

 

Deposit Rates

Kasasa Cash Checking Accounts

Your BalanceYour Monthly APYATM Refunds
$0.01 to $25,0002.01%Up to $25 per cycle
Above $25,0000.25%
Any, if qualifications are not met0.13%No

 

Regular Checking Accounts

Account TypeDividend Rate*APY*
Regular Checking Accounts (including Teen and Gold Club)0.13%0.13%

 

Business Checking Accounts

Account TypeDividend Rate*APY*
Business Checking Account0.13%0.13%

 

Kasasa Saver Accounts

CriteriaAPY*
Up to $25,000 balance0.50%
Over $25,000 balance0.25%
Any, if qualifications of Kasasa Cash or Cash Back have not been met0.13%

 

Membership Share Savings Accounts

Account TypeDividend Rate*APY*
Membership Share Savings Account0.25%0.25%

 

Kids’ Savings Accounts

Account TypeDividend Rate*APY*
Millionaire in Training Club Savings Account0.25%0.25%
Membership Savings Account0.25%0.25%

 

Christmas Club Savings Accounts

Account TypeDividend Rate*APY*
Christmas Club Savings Account0.25%0.25%

 

Certificates of Deposit (CDs)

CD TermDividend Rate*APY*
Six month0.40%0.40%
One year0.80%0.80%
Two years1.00%1.00%
Three years1.25%1.26%
Four years1.75%1.76%
Five years2.00%2.02%

Regular and Business Checking – Dividend Rate is an annualized rate of interest approved by the Board of Directors and paid the same on all similar type accounts. APY stands for Annual Percentage Yield. APY is expressed as a percentage: reflects the total amount of interest that would be received on a deposit, based on the dividend rate and the frequency of compounding for a 365-day period. Rates, terms and conditions subject to change. Penalty for early withdrawals. Refer to MCTCU “All About Your Account” Disclosure for additional terms and conditions.

Kasasa Tunes Checking – You will be refunded up to $15.00 for iTunes® and/or Amazon. com® purchases that post and settle to account during the first 60 days after you open account. Refunds will be credited to account on the first day of the month.  In addition, each qualification cycle, earn up to $7.50 in refunds of iTunes and/or Amazon.com purchases if qualifications are met during previous monthly qualification cycle. Purchases must be made with debit card associated with your Kasasa Tunes account. Qualifying transactions must post and settle to the account during monthly qualification cycle. Transactions may take one or more banking days from date transaction was made to post and settle to account. Qualification cycle is defined as the first day of the month up to the second to last business day of the month. Transactions that post on the second to last business day of the month through the end of the month will qualify for next month’s transactions. Domestic ATM fees incurred during qualification cycle will be reimbursed up to $25 if qualifications are met within monthly qualification cycle. iTunes is a registered trademark of Apple, Inc. and Amazon.com is a registered trademark of Amazon Inc. Apple Inc. and Amazon Inc. are not participants in or sponsors of this program. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher.

Kasasa Cash Back and Kasasa Saver – APY=Annual Percentage Yield. APYs disclosed are current. Rates may change after account is opened. Minimum to open is $25 for Kasasa Cash Back and $25 for Kasasa Saver. When monthly qualifications are met, you will receive 2.50% cash back on debit card purchases that post and settle to account during monthly qualification cycle up to a total cash back of $7.50 per monthly qualification cycle. Domestic ATM fees incurred using Kasasa Cash Back debit card during qualification cycle will be reimbursed up to $25 if qualifications are met within monthly qualification cycle. Qualifying transactions must post and settle to account during the monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post and settle to an account. ATM-processed transactions do not count towards qualifying debit card transactions. Qualification cycle is defined as the first day of the month up to the second to last business day of the month. Transactions that post on the second to last business day of the month through the end of the month will qualify for next month’s transactions. Kasasa Cash Back rewards will be credited to your Kasasa Saver account on the last day of the monthly statement cycle. If qualifications in Kasasa Cash Back are met each monthly qualification cycle: (1) balances up to $25,000 in Kasasa Saver receive an APY of 0.50%; and (2) balances over $25,000 in Kasasa Saver earn 0.25% interest rate on the portion of the balance over $25,000, resulting in 0.50% – 0.35% APY depending on the balance. If qualifications are not met on Kasasa Cash Back, all balances in the Kasasa Saver earn 0.13% APY. Transfers between accounts do not count as qualifying transactions. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher. Excludes business checking accounts. Contact a member services representative for more details.

Kasasa Cash and Kasasa Saver –APY=Annual Percentage Yield.  APYs disclosed are current. Rates may change after account is opened. Minimum to open is $25 for Kasasa Cash and $25 for Kasasa Saver.  For Kasasa Cash, if qualifications are met each monthly qualification cycle: (1) Domestic ATM fees incurred during qualification cycle will be reimbursed up to $25 and credited to account on the last day of monthly statement cycle; (2)balances up to $25,000 receive APY of 2.01%; and (3)balances over $25,000 earn 0.25% dividend rate on the portion of the balance over $25,000, resulting in 2.01% – 0.70% APY depending on the balance.  If qualifications are not met on Kasasa Cash all balances earn 0.13% APY. ATM-processed transactions do not count towards qualifying debit card transactions.  Qualifying transactions must post and settle to account.  “Monthly Qualification Cycle” means a period beginning two business days prior to the first day of a calendar month through two business days prior to the last day of a calendar month.  The advertised Kasasa Cash APY is based on compounding dividends.  Dividends earned in Kasasa Cash are automatically transferred to Kasasa Saver each statement cycle and does not compound.  Actual dividend amount paid may be less than advertised Kasasa Cash APY. The Kasasa Saver APYs may be less than Kasasa Cash APYs. If qualifications in Kasasa Cash are met each monthly qualification cycle: (1)balances up to $25,000 in Kasasa Saver receive an APY of 0.50%; and (2)balances over $25,000 in Kasasa Saver earn 0.25% dividend rate on portion of balance over $25,000, resulting in 0.50% – 0.30% APY depending on the balance.  If qualifications are not met on Kasasa Cash, all balances in Kasasa Saver earn 0.13% APY. Transfers between accounts do not count as qualifying transactions. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher.  Excludes business checking accounts.  Contact a member services representative for more details.

Regular Savings, Kids’ Savings, and Christmas Club Savings – Rates, terms and conditions subject to change. Refer to MCTCU “All About Your Account” Disclosure for additional terms and conditions. Dividend Rate is an annualized rate of interest approved by the Board of Directors and paid the same on all similar type accounts. APY (Annual Percentage Yield) – Expressed as a percentage: reflects the total amount of interest that would be received on a deposit, based on the dividend rate and the frequency of compounding for a 365-day period.

CDs – Rates, terms and conditions subject to change. Penalty may apply for early withdrawals. Refer to MCTCU “All About Your Account” Disclosure for additional terms and conditions. Dividend Rate is an annualized rate of interest approved by the Board of Directors and paid the same on all similar type accounts. APY (Annual Percentage Yield) – Expressed as a percentage: reflects the total amount of interest that would be received on a deposit, based on the dividend rate and the frequency of compounding for a 365-day period.

American Share insurance (ASI) insures the individual or joint share-type accounts up to $250,000 per account.

Loan Rates

Credit Cards

Card TypeIntroductory Rate*Standard Rate*
MasterCard Platinum3.90% APR9.50% - 17.99% APR

Personal Loans

Loan TypeAPR
0-24 months
APR
25-36 months
APR
37-48 months
APR
49-60 months
APR
61-72 months
Share (Savings) or CD Secured Loan1.75%+*1.75%+*1.75%+*1.75%+*1.75%+*
Signature Loan8.50%8.50%8.50%8.50%N/A
Personal Line of Credit8.50%8.50%8.50%8.50%8.50%

Vehicle Loans

Loan TypeAPR*
0-24
months
APR*
25-36
months
APR*
37-48
months
APR*
49-60
months
APR*
61-72
months
New Auto Loans2.75%2.75%2.75%2.75%2.99%
Used Auto Loans2.75%2.75%2.75%2.75%2.99%
Boat Loans3.25%3.25%3.25%3.50%3.75%
Travel Trailer Loans3.25%3.25%3.25%3.50%3.75%
Other Collateral Loans3.25%3.25%3.25%3.50%3.75%

Mortgages and Home Equity

For current rates, please speak to our mortgage team by calling 409-727-1446 or 800-846-1751 or visiting a branch.

Student Loans

Click here for current rates.

Business Loans

For current rates for business loans, please call 800-846-1751 or visit a branch.

Credit Card – APR stands for Annual Percentage Rate. Your exact rate is based on your credit worthiness. Ask a loan officer about the rate you qualify for. The periodic rate used to compute the FINANCIAL CHARGE for purchases is based on an index (the “Index”), which is the Prime Rate as published in the Money Rates section of The Wall Street Journal on the last business day of the month and is subject to change monthly.

Personal Loans – Longer term options may be available. Ask an MCT Member Service Representative for details. APR = Annual Percentage Rate. Rates disclosed are current.

Vehicle Loans – APR = Annual Percentage Rate. Rates disclosed are current.