Mendo Lake Credit Union offers a variety of savings options, ranging from savings accounts and money markets for liquidity, as well as certificate of deposits, to lock in that great rate.
MLCU depository accounts are federally insured by the National Credit Union Association (NCUA) up to $100,000.
Money Market Account
If you want a completely liquid account you can access anytime without having to worry about penalty fees for withdrawal and still earn a great rate, a Money Market account is a best way to go. Mendo Lake offers two different balance tiers and your interest rate will fluctuate automatically as your balance changes. The higher the balance you keep in your account the better your rewards! Minimum balance to earn interest is $2,500.00.
Regular Savings
Start saving now for that vacation. Our regular savings has no service charge and is accessible anytime you need it, whether it is in person, by ATM or by phone. Minimum balance to earn interest is $300.00.
Certificates of Deposit
Our traditional Certificates of Deposit provide a fixed interest rate that compounds daily to maximize your earnings. Select a term from 3 months to 4 years.
IRA
Now is the best time to start saving for your retirement. MLCU offers Roth, Traditional, and SEP IRAs depending on your need. (Please consult your financial advisor).
