The current interest rates maybe lower than the previous months but the CD rates of Mountain America Credit Union remain to be competitive in today’s market.

The best cd rates are being offered on their 24-month CD at 1.75% APY; 30-month CD 1.85% APY; 3-Year 2.25% APY; 4-Year 2.75% APY; and 5-Year at 3.40% APY.

The bank has also made the certificates of deposit more affordable to kick off your savings. The initial funding needed for all cd terms is just $500 compared to its previous requirement of $1000. These CDs can also be acquired as Roth or Traditional IRA.

Please take note that they call their certificates of deposit as term deposits. The interest rates that we have here may be changed without notice. It will be best to check their rates page prior to signing up for anything.

The credit union has below average early withdrawal penalties. They only charge 3 months of earnings for accounts which has longer than 12 months original maturity. One downside to this though is you need to seek the consent of the union to take out funds early.

Membership to Mountain America is open for those who are listed with the American Consumer Council. Membership to this council costs about $12 and open to any individual. You can also check the list of affiliated associations and select employee groups which can help you sign up with the credit union.

Interested individuals can fill up an online application form. The credit union requires a share savings account deposit of $25. Mountain America Credit Union has branches spread across Utah. They also have branches in Las Vegas, Nevada and Phoenix, Arizona.

The ratings for this credit union are a bit weak with BauerFinancial issuing 3 stars while Bankrate.com giving 2 stars. The credit union is covered by the NCUA through charter number 24692.