Down East CU (ME) MMA 1.25% APY Guaranteed Until End Of 2016


Availability: Residents of the Maine Counties of Hancock, Kennebec, Knox, Lincoln, Penobscot, Sagadahoc, Waldo, and Washington, and the Maine Towns of Brunswick and Harpswell.

Now through December 31, 2016, Down East Credit Union (Down East CU) is guaranteeing a 1.25% APY on balances of $100K+ on deposit in its Money Market Account (MMA).

0.60*%$100k-Down East Credit UnionMoney Market Account
OTHER TIERS: 0.35% $2.5k - $50k | 0.45% $50k - $100k
Rates as of July 7, 2022.
Balances below $100K currently earn the following tiered rates: $2.5K+ (0.50% APY) and $50K+ (0.75% APY). Balances that fall below $2.5K earn no dividends.

5-month Share Certificate Special

Down East CU is also promoting a 5-month Share Certificate Special (1.00% APY). The minimum opening deposit is $500, with no maximum balance cap. The 5-month Share Certificate Special is also available as an IRA (Traditional, Roth, and CESA) earning the same APY, with the same funding requirements.

As stated on Down East CU’s Deposit Rates page, the Early Withdrawal Penalty reads as follows:

For terms less than one year, the forfeiture is one-half of the term dividends, whether earned or not.

The forfeiture is calculated on the simple interest rate being paid on the certificate regardless of how long the funds withdrawn have remained in the account.

The principal amount upon which the forfeiture is calculated is the amount of the initial certificate.


Headquartered in Baileyville, Down East Credit Union membership is open to anyone who lives, works, worships, or attends school in the Maine Counties of Hancock, Kennebec, Knox, Lincoln, Penobscot, Sagadahoc, Waldo, and Washington, as well as the Maine Towns of Brunswick and Harpswell (Cumberland County).

Immediate family members and household members of current Down East CU members are also eligible for membership.

Joining Down East Credit Union and/or opening an account can be done by mail, fax, or by visiting any of eight Maine branches located in Baileyville, Bangor, Belfast, Calais, Machias, Richmond, Topsham, and Unity. The Membership Account Application is available as a PDF download.

Note: Applications not submitted in person must be notarized.

Credit Union Overview

Down East Credit Union has an overall health grade of "B" at, with a Texas ratio of 19.88% (above average) based on March 31, 2015 data. In the past year, Down East CU has increased its total deposits by $13.56 Million, an excellent annual growth rate of 13.61%. Please refer to our financial overview of Down East Credit Union for more details.

In 1941, employees of the St. Croix Pulp and Paper Company founded the St. Croix Federal Credit Union. Two charter changes in 1985 and 1995 and a field of membership expansion in 2004 led to a name change, resulting in Down East Credit Union (NCUA Charter # 68563). 2007 saw a merger with Bowdoinham Federal Credit Union, further expanding the Credit Union’s footprint. Down East CU currently serves over 18,000 members with assets in excess in $131 Million.

How the Money Market Compares

When compared to the 165 Money Market accounts tracked by available to Maine residents, Down East Credit Union’s Money Market’s APY ranks first, regardless of minimum deposit requirements.

How the CD Compares

When compared to the 191 similar length-of-term CDs tracked by requiring a similar deposit and available to Maine residents, Down East Credit Union’s 5-month Share Certificate Special ranks first.

The above rates are accurate as of 7/27/2015.

To look for the best nationwide Money Market rates and the best Money Market rates in your state, please refer to our Money Market rates table.

To search for nationwide CD rates and CD rates in your state, please refer to the CD rates section of

Related Pages: Down East Credit Union, Portland, Bangor


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