
- Editor Rating
- Rated 3.5 stars
- Very Good
- McGraw Hill Federal Credit Union
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- Popularity
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Contents
Established in 1935, McGraw Hill Federal Credit Union has just 2 physical locations in the New York and New Jersey area, but membership is available nationwide. While not market-leading, they have some good rates worth mentioning for their Checking, Savings and Money Market accounts so we’ll review those offers below.
Membership in McGraw-Hill Federal Credit Union is open to anyone through a membership in VOICE Foundation ($10 one-time contribution). Membership is also open to employees of McGraw-Hill Companies in New York City and over 120 other Select Employer Groups. See current membership details.
Be sure to compare rates with McGraw Hill FCU to the nation’s best here: Savings/Money Market Rates | CD Rates.
See the current offers below.
McGraw Hill FCU S3 Prime Savings Rate Offer: 1.45% APY
While many other banks do better, the S3 Prime Savings rate is definitely higher than most traditional institutions so is worth a mention.
- Current rate offer: 1.45% APY
- Available nationwide
- Earn more than 10x the national average
- No monthly service fees or direct deposit requirements
- Minimum opening deposit is $100
- Up to 6 electronic transfers or withdrawals every month (federal regulation)
- Funds are federally insured by the National Credit Union Association (NCUA)
Compare To These Savings Accounts
Compare all the best rates at our Savings Rates page. Top rates can be had with CIT Bank, SalemFiveDirect, DollarSavingsDirect and many more. *Also, see these great Savings Account bonus offers.
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MoneysMyLife Top Offer Picks ![]() ![]() ![]() |
McGraw Hill FCU S3 Checking Prime Offer: 1.05% APY
The S3 Checking Prime account is available nationwide and earns a rate better than most Checking accounts along with rewards.
- Current best rate: 1.05% APY ($25,000 to $1,030,000 balance)
- $100 to $24,999 balances will earn 0.50% APY
- Available nationwide
- No monthly service fees
- No activity requirement
- No direct deposit requirement
- Visa debit card with EMV chip technology
- CardNav App by CO-OP for real-time control of when, where, and how your debit card is used
- Access to 85,000+ no-surcharge ATMs
- Nationwide Shared Branching network access
- Mobile Banking with Mobile Check Deposit
- Prosper Rewards redeemable for travel, merchandise, and cash – 1 Prosper Points per $2 spent**
- Apple Pay contactless payment capabilities
Ascend Money Market Account
- Available nationwide
- Rates shown require new money that has not been on deposit with McGraw-Hill FCU for more than 30 days.
- Maximum deposit of $500,000.
- Funds must be deposited with the credit union between 11/01/2017 and 12/31/2018 to earn promotional rate.
- $5,000 minimum balance in the Ascend Account to earn interest.
- Interest is compounded daily and paid monthly.
- If account is closed within six (6) months of account opening, a $25 fee will be assessed.
- If your monthly balance drops below $5,000, a $25 fee will be assessed.
- Limit one promotional money market account per unique Social Security number.
- Account requires credit union membership with at least $5 in the share savings account.
- Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government National Credit Union Administration (NCUA)
Rates
Balance | APY |
$5,000 – $19,999.99 | 1.00% |
$20,000 – $74,999.99 | 1.10% |
$75,000 and over | 1.30% |
*Compare to CIT Bank’s Money Market account with one of the best rates in the nation.
McGraw Hill FCU CD Account Promotions
- Available nationwide
- Certificates require a minimum deposit of $1,000; maximum deposit of $1,000,000.
- Funds must be new money that has not been on deposit with MHFCU for more than 30 calendar days.
- Non-members may join the credit union with a $15 deposit – $5 goes into your savings account to establish membership, and the remaining $10 is a tax-deductible contribution (consult your tax advisor) to our non-profit organization, The VOICE Foundation.
- Rate is subject to change without notice.
- Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the National Credit Union Administration (NCUA)
Rates
CD Term | Balance | APY |
12 Month CD | $1,000 or greater | 1.75% |
18 Month CD | $1,000 or greater | 2.25% |
30 Month CD | $1,000 or greater | 2.40% |
Compare To These CD Offers
Compare all the best CD rates here. Rates vary widely depending on CD term and minimum balance requirements. Banks with consistently top nationwide rates include Live Oak Bank, EverBank, Popular Direct, etc.
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*These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.