Foundation Short-Term Rate Rise, Effective Dec. 1

12/13/2017

The Investment and Finance Committee of the Mississippi United Methodist Foundation voted November 7, 2017 to raise the interest rate paid on the Short-term Fund from two percent to two and a half percent effective December 1, 2017. The committee made the decision in order to return as much money as possible to your church or ministry.

The new rate is well above market rates for liquid accounts like our Short-term Fund. The Short-term Fund requires no minimum balance, does not change any fees and funds are available a maximum of three business days upon request. Deposits are recorded daily, and interest is compounded semi-annually on all funds. Withdrawals may be paid by check or direct deposit (ACH).

The Short-term Fund is not available for individual, but groups within a church may open an account. Visit our download forms page on our website for more information about new accounts and latest forms.