WEST JORDAN, UT--(Marketwired - September 17, 2015) - Mountain America Credit Union is currently offering a 5-year term deposit (CD) with one of the highest annual percentage yields (APY)s in the country.
"One of the many ways we go above and beyond for our members is to offer competitive rates. Right now we're pleased to offer a 2.30% APY on our 5-year CD, which is one of the highest rates in the country," says Chad Curtis, chief financial officer for Mountain America. "Member service takes many forms here at Mountain America, and we're pleased to offer this high rate as part of our suite of services and products."
This higher yielding term deposit has a "bump" feature, which allows accountholders a one-time option to "bump" up their rate if a better one becomes available. Five-year CDs typically offer higher interest rates than savings accounts and a guaranteed return of principal (assuming no early withdrawals are made).
Consumers interested in opening an account should visit Mountain America online at www.macu.com or stop into a local branch.
About Mountain America Credit Union
Mountain America Credit Union has more than $4.7 billion in assets and serves more than 544,000 members, wherever they are, through online and mobile banking, 86 branches in five states, and provides access to more than 30,000 ATMs and 5,000 shared-branching locations nationwide. With credit union roots dating back to the 1930s, Mountain America has become a tradition for many members, offering a variety of financial products and services for consumers and businesses, including savings accounts, auto loans, checking accounts, mortgage loans, business checking, student loans, SBA loans, and retirement options. Visit www.macu.com for more information.
Contact Information:
For Immediate Release Media Contact:
Nanette Graviet
(801) 325-6314