MCS Bank (PA) Continues To Offer Competitive Long-Terms CDs


Availability: Market area is the central Pennsylvania Counties of Mifflin, Huntingdon, and Synder.

In May, MCS Bank (formerly known as Mifflin County Savings Bank) introduced three competitive long-term CDs, and the rates on those CDs were recently raised: 72-month CD (2.32% APY), 96-month CD (2.73% APY), and 108-month CD (2.93% APY).

MCS Bank also has two other long-term CDs, which have been part of their product line since November: 84-month CD (2.27% APY) and 120-month CD (2.88% APY).

The minimum opening deposit for all the above mentioned CDs is $1K, with no balance cap. The CDs are also available as IRAs (Traditional and Roth) at the same APYs, with the same funding requirements.

1.86%$1k-MCS Bank120 Month CD
1.86%$1k-MCS Bank120 Month IRA (Traditional, Roth)
1.76%$1k-MCS Bank108 Month CD
1.76%$1k-MCS Bank108 Month IRA (Traditional, Roth)
1.66%$1k-MCS Bank96 Month CD
1.66%$1k-MCS Bank96 Month IRA (Traditional, Roth)
1.61%$1k-MCS Bank84 Month CD
1.61%$1k-MCS Bank84 Month IRA (Traditional, Roth)
1.51%$1k-MCS Bank72 Month CD
1.51%$1k-MCS Bank72 Month IRA (Traditional, Roth)
Accounts mentioned in this post. Rates as of October 25, 2016.

As stated on MCS Bank’s Deposit Account page, the Early Withdrawal Penalty reads as follows:

72- and 84-month CDs – 12 months dividends

96-, 108-, and 120-month CD – 18 months dividends


Kasasa Cash

MCS Bank’s Kasasa Cash is a free checking account that earns 2.00% APY on qualifying balances up to $15K; qualifying balances over $15K earn 0.50% APY. The qualifying requirements are as follows:

  • At least ten debit card purchases post and settle
  • At least one ACH or direct deposit post and settle
  • Be enrolled in and review eStatements

If the above requirements are not met, all non-qualifying balances will earn 0.05% APY.


Headquartered in Lewistown, Pennsylvania, MCS Bank’s market area includes the central Pennsylvania counties of Huntingdon, Mifflin, and Synder.

Opening a CD requires an in-person visit at any of five Pennsylvania branches located in Allensville, Belleville, Lewistown, McLure, and Mount Union.

The Kasasa Cash account can be opened online, but MCS Bank’s online platform is mostly limited to account management and bill payment services.

Bank Overview

MCS Bank has an overall health grade of "A" at, with a Texas ratio of 7.37% (excellent) based on March 31, 2015 data. In the past year, MCS Bank has increased its total deposits by $3.73 Million, an excellent annual growth rate of 3.35%. Please refer to our financial overview of MCS Bank for more details.

Founded in 1923 as the Mifflin County Building and Loan Association, MCS Bank (FDIC Certificate # 28168) credits its growth to focusing its attention on the local community, both retail customers and small business owners. Headquartered in Lewistown (the county seat), the Bank’s name was changed in 1993 when a new organizational type (mutual savings bank) was adopted.

How the CDs Compare

When compared to the other similar length-of-term CDs tracked by, requiring a similar minimum deposit and available to Pennsylvania residents, all of MCS Bank’s long-term CDs currently rank in the top 3 in each category.

The above rates are accurate as of 7/22/2015.

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