Mid-Minnesota FCU 36-month Fast Forward CD Grows with Monthly Deposits


Mid-Minnesota Federal Credit Union (MMFCU) has raised the rate on its 36-Month Fast Forward Certificate Special (1.76% APY). The Fast Forward Certificate Special is designed to allow the investor the opportunity to earn dividends, while continuing to build the balance. The minimum deposit to open this Certificate Special is $10, and monthly deposits of between $10 and $500 are required. There is a $10 penalty if a monthly deposit is missed.

MMFCU also has an interesting savings account: the Estate Savings Account (1.02% APY). It's intended as a safe, interim account for assets as they are being passed on, or being used on the behalf of the deceased. The Estate Savings Account can remain open for only one year, and then is converted to a Super Savers Account.

1.14%--Mid-Minnesota Federal Credit Union36 Month Fast Forward CD Special
0.88%$13-Mid-Minnesota Federal Credit UnionEstate Savings
Accounts mentioned in this post. Rates as of October 20, 2016.


Membership eligibility in Mid-Minnesota Federal Credit Union is mainly residency based. If you live, work, worship or attend school in Minnesota counties of Cass, Crow Wing, Douglas, Morrison, Todd, or Wadena, or the Otter Tail County Townships of Blowers or Paddock, you are eligible for membership. In addition, if you are a blood relative of anyone who meets the residency criteria, you are eligible for membership. Please refer to MMFCU's Become A Member page for full details.

Credit Union Overview

Mid-Minnesota Federal Credit Union (NCUA Charter # 20194) has an overall health grade of B+ at DepositAccounts.com, with a Texas Ratio of 9.33% (excellent) based on March 31, 2014 data. MMFCU has improved its Texas Ratio in the past year by 26.48%. Please refer to our financial overview of Mid-Minnesota Federal Credit Union for more details.

Originally chartered in 1970, Mid-Minnesota Federal Credit Union is headquartered in Baxter, MN. With assets of $258 Million and over 37,000 members, MMFCU is the 17th largest credit union in Minnesota.

How the Rates Compare

The unique feature of monthly deposits to the 36-month Fast Forward Certificate Special, makes a comparison to other similar length CDs a bit difficult, since the vast majority of CDs offered require a substantial initial deposit with no opportunity to add funds. That being said, I will just offer a interest rate/length of term comparison.

When compared to other similar length of term CDs available to residents of Minnesota, MMFCU's 36-month Fast Forward Certificate Special heads the list:

  • 36-month CD 1.76% APY Mid-Minnesota Federal Credit Union
  • 36-month CD 1.30% APY Grand Timber Bank
  • 36-month CD 1.30% APY Bank5 Connect
  • 30-month CD 1.30% APY Royal Credit Union
  • 36-month CD 1.26% APY Pioneer Bank

The above rates are accurate as of 8/16/2014.

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

2.25% 7-Month CD & 2.35% 13-Month CD at Mid-Minnesota FCU - Local Only
Mid-Minnesota FCU is offering three competitive certificate specials: 2.25% APY for 7 months, 2.35% APY for 13 months and 2.50% APY for 25 months. Minimum deposit is $2,500. These specials are listed on the credit union's front page as of 10/09/2009.

Membership is open to anyone who lives, works, worships or attends school in any of the following counties of Minnesota: Cass, Crow Wing, Douglas, Morrison, Todd, and Wadena. You can also be eligible if you have a relative who meets the above criteria. Please refer to the credit union's...

Continue Reading