The Military Mutual Aid Association will raise the interest rates on its Lump-Sum Deposit Savings and Pension-Style Installment Benefits by up to 0.20 percentage points. The rate for Pension-Style Installment Benefits will increase from 4.90% to 5.10% per year, while the rate for the two-year deposit-type Lump-Sum Deposit Savings product will rise from 4.60% to 4.80% per year. Lump-Sum Deposit Savings is a savings product in which members deposit a lump sum with the association and earn interest. Pension-Style Installment Benefits allow members to receive their benefits in installments rather than as a lump sum upon discharge or retirement.
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