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Notice Accounts

A Notice Account lags behind movements in market rates. In a falling rate environment, this account may hold a higher rate than the current market average; conversely in a rising rate environment, the Notice Account may hold a lower rate than the current average until the market reaches equilibrium again.

  • 90-day terms available
  • There is no minimum investment purchase required
  • Rates are declared daily
  • Interest is accrued daily and paid monthly into the Overnight Share Account.
  • Rates are averages based solely on the dollar amount and timing of the investments placed in the portfolio
  • Written notification must be sent to confirm verbal notice and must be received prior to the requested date of withdrawal

One phone call is all it takes to make an MCCU investment. Contact our staff today.

 

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