MCU: StartPoint (sm) - College-bound Certificates

College-Bound Certificate - Lock-in a higher rate

1 year term

Low $500 minimum balance

Deposits of $50 or more allowed

With a certificate, you agree to put a certain amount of money into an account for a period of time (in this case, one year) and not make any withdrawals. In exchange, you'll earn a higher interest rate.

The neat feature of this certificate is that you can make deposits of $50 or more. So if granny gives you some birthday dough, you can make her happy and add it to your certificate.

So if school is at least one year away, this College-Bound certificate is a primo choice.