Now through February 28, 2016, Mid-Atlantic Federal Credit Union (MAFCU) is offering a Money Market Promotional Rate of 1.11% APY. The minimum opening deposit is $2.5K of new money. Regular interest rates apply after the Promotional Rate ends on February 28, 2016.
Promotional CD Specials
MAFCU also has four promotional CD Specials (10-month CD, 1.09% APY; 18-month CD, 1.25% APY; 36-month CD, 1.65% APY; and 60-month CD, 2.50% APY) that expire on September 30, 2015. More details on those CD Specials can be found in my August 7, 2015 blog post.
Headquartered in Germantown, Mid-Atlantic Federal Credit Union membership is open to anyone who lives, works, worships, attends school or volunteers in Montgomery County, Maryland.
In addition, immediate family members (spouse, children, parents, grandparents, grandchildren, sibling, and other household members) of eligible individuals can also join MAFCU.
Credit Union Overview
Mid-Atlantic Federal Credit Union has an overall health grade of "B+" at DepositAccounts.com, with a Texas ratio of 8.87% (excellent), based on March 31, 2015 data. In the past year, MAFCU increased its total deposit by $5.21 Million, an above average annual growth rate of 2.06%. Please refer to our financial overview of Mid-Atlantic Federal Credit Union for more details.
Founded in 1968, Mid-Atlantic Federal Credit Union (NCUA Charter # 18715) serves the residents of Montgomery County, Maryland’s economic engine and most populous county. MAFCU is committed to the community it serves, partnering with Credit Union Student Choice to provide a marketplace for better private student loans, and with the Gaithersburg-Germantown Chamber of Commerce to create business opportunities for its members. MAFCU current membership numbers more than 22,300 and holds assets in excess of $287 Million.
How the Money Market Account Compares
When compared to the 196 Money Market Accounts tracked by DepositAccounts.com that are available to Maryland residents, Mid-Atlantic Federal Credit Union’s Promotional Rate Money Market’s APY is currently the leader.
The above rates are accurate as of 9/9/2015.
To search for nationwide Money Market rates and Money Market rates in your state, please refer to the Money Market section of DepositAccounts.com.