Mid-Atlantic FCU (MD) Adds Promo Rate Money Market

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Availability: Residents of Montgomery County, Maryland

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.

Availability

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.

Joining MAFCU and opening the Promotional Rate Money Market can be done online or at any of three Maryland branches located in Gaithersburg, Germantown, and Silver Spring.

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.

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Mid-Atlantic FCU (MD) Adds Four Limited-Time CD Specials
Availability: Residents of Montgomery County, Maryland

Earlier this week, Mid-Atlantic Federal Credit Union (MAFCU) added four promotional Regular Certificate (CD) Specials to its product line: 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).

All four promotional CDs are limited time offers expiring on September 30, 2015, and require a minimum deposit of $5K of new money to open. There is a maximum deposit of $2 Million per member.

While MAFCU does offer a 0.25% higher rate bump on Certificates...

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Mid-Atlantic FCU's (MD) Limited Time 36-Month CD Is Highly Competitive
Availability: Residents of Montgomery County, Maryland

Mid-Atlantic Federal Credit Union (MAFCU) is offering a 36-month Regular Certificate Special (2.25% APY). This limited time offer (expires on April 30, 2015) requires a minimum $10K deposit to open, with a maximum deposit of $1 Million per member.

This Certificate Special (CD) is also available as an IRA (Tradition, Roth, and CESA) at the same APY and with the same funding requirements.

Frequently, high-rate Specials, such as this one, require new money to open. The fine print for the 36-month Regular...

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6.00% 13-Month CD at a Maryland CU - $25K Max (Mid-Atlantic)
Mid-Atlantic FCU is offering a special 6.00% APY 13-month share certificate. The minimum deposit is $5K and the maximum is $25K per member. The deposit must be money new to the credit union. There is an early withdrawal penalty of 90 days of interest. The special is not available for IRA certificates.

The field of membership includes anyone who lives, works, worships or attends school in Montgomery County, Maryland.

The credit union is NCUA insured. It has $200 million in assets and 20,808 members.



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