Savings | Fall River Municipal Credit Union

Member Updates

Effective Sunday December 6th, our lobbies will close in compliance with CDC recommendations. Note: All drive ups will remain open and online banking, mobile banking and ATMS’ will still be in use.
The lobby at our 1208 Dwelly Street, Fall River location will remain closed at this time. Click Here for important information about lobby access.

Savings Rate Sheet

Savings Rate Sheet Print Version

Rates are current as of

January 14, 2021

SAVINGS RATES

SAVINGS ACCOUNT TYPE	DIVIDEND RATE %	ANNUAL PERCENTAGE YIELD % (APY)	MINIMUM BALANCE REQUIRED TO EARN DIVIDENDS	MINIMUM OPENING DEPOSIT
The rate on these accounts may change after the account is opened. Fees may reduce earnings on account.
Savings	0.10	0.10	$10.00	$5.00
Premium Savings	0.20	0.20	$1,000.00	$1,000.00
Sid Saver Savings	0.10	0.10	$1.00	n/a
Blue Star Savings	0.10	0.10	$1.00	n/a
Life Savings	0.05	0.05	$10.00	n/a
Holiday Club*	0.10	0.10	$10.00	$2.00
Vacation Club*	0.10	0.10	$10.00	$2.00
Burial	0.10	0.10	$10.00	$5.00
Traditional IRA Statement	0.30	0.30	$100.00	$100.00
Roth IRA Statement	0.30	0.30	$100.00	$100.00
ESA Statement	0.30	0.30	$100.00	$100.00
Money Market	0.05 0.10 0.15 0.20 0.25 0.35	0.05 0.10 0.15 0.20 0.25 0.35	$10 - $2,499.99 $2,500 - $4,999.99 $5,000 - $9,999.99 $10,000 - $24,999.99 $25,000-$99,999.99 $100,000 or greater	$2,500.00 - - - - -
Freedom Checking	0.00	0.00	N/A	$5.00
Choice Checking	0.05	0.05	$10.00	$1,000.00
Premium Checking~	0.20	0.20	$10.00	$5,000.00 combined
Escrow	0.05	0.05	-	-
SPECIAL
	Dividend Rate %	Annual Percentage Yield % (APY)	Minimum Balance Required to Earn Advertised APY	Minimum Opening Deposit
Premium Money Market ^	0.05% 0.10% 0.15% 0.20% 0.75%	0.05% 0.10% 0.15% 0.20% 0.75%	$10 - $2,499.99 $2,500 - $4,999.99 $5,000 - $9,999.99 $10,000 - $24,999.99 $25,000 or greater	$2,500.00 $2,500.00 $2,500.00 $2,500.00 $25,000.00
Account Type	Dividend Rate %	Annual Percentage Yield % (APY)	Minimum Balance Required to Earn Advertised APY	Minimum Opening Deposit
Certificate
3 Month* z **	0.15	0.15	$500.00	$500.00
6 Month* z **	0.20	0.20	$500.00	$500.00
9 Month* z **	0.20	0.20	$500.00	$500.00
12 Month* **	0.25	0.25	$500.00	$500.00
18 Month* **	0.30	0.30	$500.00	$500.00
24 Month* **	0.40	0.40	$500.00	$500.00
30 Month* **	0.40	0.40	$500.00	$500.00
36 Month* **	0.50	0.50	$500.00	$500.00
48 Month* **	0.60	0.60	$500.00	$500.00
60 Month* **	0.65	0.65	$500.00	$500.00
IRA Certificate, Roth IRA Certificates, ESA Certificate
6 Month* z **	0.20	0.20	$500.00	$500.00
9 Month* z **	0.20	0.20	$500.00	$500.00
12 Month* **	0.25	0.25	$500.00	$500.00
18 Month* **	0.30	0.30	$500.00	$500.00
24 Month* **	0.40	0.40	$500.00	$500.00
30 Month* **	0.40	0.40	$500.00	$500.00
36 Month* **	0.50	0.50	$500.00	$500.00
48 Month* **	0.60	0.60	$500.00	$500.00
60 Month* **	0.65	0.65	$500.00	$500.00
** JUMBO CD RATE AVAILABLE ON BALANCES OF $100,000 OR MORE. ADD .10% BASIS POINTS OVER CURRENT RATE.
* An early withdrawal penalty will be imposed. ~ Premium Checking combined balance includes checking and savings suffixes under the same main share. Club accounts, escrow, utility, business, DBA, Sid Saver, certificates of deposit, and individual retirement account balances are not included. z Simple interest earned, APY assumes all interest will remain on deposit for one year. ^ To open this account, you must deposit or already have on deposit a Freedom Checking, Choice Checking or Premium Checking account in addition to the minimum required membership share in a Share Savings account. Limited time offer. Rates are subject to change at anytime without notice.