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Mobiloil Credit Union helps you build momentum with your investments with a limited time offer on Certificates of Deposit. With a $5000 or more investment in NEW MONEY from another financial institution, you can build momentum with a great rate offer.
1 Year Term – 1.75 % APY*
2 Year Term – 2.40 % APY*
*APY is Annual Percentage Yield. Early withdrawal penalties apply. Federally insured by NCUA. Renewing MOCU Share Certificates may qualify when an additional $5000 in new money is added to the existing investment prior to renewal.
Share Certificates, at a variety of available terms, allow you to earn a higher dividend rate than the share savings account or money management account. Certificates are a great way to save for the future. They are an insured, sound investment.
- Terms range from three months to 5 years
- Dividends paid monthly
- Dividends can be compounded or transferred to a different credit union account (age requirements apply for IRA dividend disbursal)
- Penalties may apply for early withdrawals
Annual Percentage Yield assumes dividends remain in the account until maturity. Withdrawals reduce the amount of earnings.
Dividends on certificates are compounded daily and paid monthly. Dividend rate and Annual Percentage Yield are subject to change weekly without notice and at the discretion of the Board of Directors. A penalty is incurred for early withdrawal of principal on all certificate types. Fees can reduce the earnings of deposit accounts.