High Yield Savings Account
This savings account yields a higher rate of interest for members that maintain larger balances with MCCU. Keep in mind the $2,500 required to open the account will be secured, so you will not be able to utilize those funds for your daily spending needs. If you need to access those funds, you can reach out to MCCU and we'll help you transfer the funds to another savings account.
- Earn dividends on all balances
- Tiered rates--the higher your balance, the more interest you’ll earn
- No monthly fee with average daily balance of $2,500+
- Direct deposit available for all or just a portion of your check
- Enjoy the convenience of 24/7 account access through online and mobile banking
Saving Accounts
Effective Date: Wednesday May 21, 2025
| Name | Dividend Rate | APY* | Minimum Opening Balance |
|---|---|---|---|
| Basic Savings | 0.03% | 0.03% | $5.00 ($300 to earn) |
| High Yield Savings | 0.10% | 0.10% | $2,500 |
| High Yield Savings | 0.30% | 0.30% | Over $25,000 |
| High Yield Savings | 0.50% | 0.50% | Over $50,000 |
| High Yield Savings | 0.50% | 0.50% | Over $75,000 |
| High Yield Savings | 0.75% | 0.75% | Over $100,000 |
| Holiday Savings | 0.03% | 0.03% | $0.00 ($100 to earn interest) |
| Vacation Savings | 0.03% | 0.03% | $0.00 |
| IRA Savings (Traditional, Roth, and Educational) | 0.05% | 0.05% | $0.00 |
| *APY = Annual Percentage Yield | |||