Savings Account

Start enjoying the benefits of an MCCU membership by simply opening up a savings account with a little as $5.00. Some immediate benefits of owning a share in the credit union include:

  • Interest-bearing account on balances of $300¬†or more
  • Your gateway to everything¬†MCCU¬†has to offer
  • Free access to 30,000 ATMs
  • 24/7 account access through online banking and MCCU¬†Mobile
  • Insured by the NCUA up to $250,000

Calculate Your Savings

Specialized Savings Accounts

Vacation Savings Account

Our vacation savings accounts are great for anyone who wants to  keep an eye on their savings but have limited access. You can transfer an unlimited amount of money into a vacation club at any time, but can only withdraw from the account a maximum of four times a year. In addition to limiting the number of withdrawals, the transaction can only be completed in person, a little speed bump that should help you save! While it's called a 'vacation' savings, this account can be used to save for anything--a down payment on a house, a wedding, or whatever goal you have in mind! This secondary savings account can be opened quickly and easily through Online Banking or by giving us a call!

Holiday Savings Account

This club account is a great way to save for the holidays or any end-of-year expenses! Funds in this account are a little harder to dip into, as you can deposit money whenever you'd like (we recommend setting up an automatic transfer) but you can't transfer funds out of the account through online banking! Funds in these accounts are automatically deposited in your savings account on October 20th. If you need to access the funds in this account before October 20th, just reach out to us and let us know! This secondary savings account can be opened quickly and easily through Online Banking or by giving us a call.

Savings FAQs

What do I need to open an account?

To open an account with MCCU, you will need a valid ID with a current address. If you are in the process of transitioning to a new address, you can bring a utility bill from your new address or go to the Secretary of State to have your address updated. Keep in mind that P.O. Boxes are not considered a valid physical address. You will also need a $5.00 deposit (this is your buy-in to the credit union cooperative!) to open your savings account. If you choose to open your MCCU account online, there are multiple options for funding your new account. If you are unable or choose not to fund your account with a debit/credit card, you can choose to bring in cash for your first deposit.

Can I open an MCCU account online?

Yes, you can open an MCCU savings account online. To see if this option would be best for you, visit our Online Account Opening page. 

What do I need to open a minor account?

Our minor accounts are very popular! To open a minor account with MCCU, you will need to know the minor's social security number. If the minor is between the ages of 16-18, we will need to see a current form of photo ID (school ID, driver’s license, State issued ID). A legal guardian will need to be joint on the account until the minor turns 18.

How do I change my address on my account?

You can change your address through our online banking system. After logging in, hover over the ‚ÄėInfo Center‚Äô tab‚ÄĒthis will bring up two columns. Click on ‚ÄėPersonal Information‚Äô in the ‚ÄėMy Information‚Äô column and follow the prompts to change your address.

How do I add a joint owner to my account?

To add a joint owner to your account, visit one of our locations to speak with a Member Experience Specialist. Bring the person you’re looking to add to the account and make sure they have a valid ID on them. Keep in mind, all of the owners on the account must sign to add the new joint owner. Ask an MCCU representative for more information on how you can add a joint member.

How do I remove a joint owner from my account?

Only the joint owner who is being removed will be able to take themselves off of the account. They will need to visit one of our locations and speak with a Member Relationship Specialist.

How do I sign up for direct deposit?

If your employer offers direct deposit, give the payroll department MCCU’s routing number (272482883) and your MCCU account number.

How do I switch to MCCU if I currently bank elsewhere?

We do everything we can to make the transition from your current financial institution go as smoothly as possible! Visit one of our locations and an Member Relationship Specialist will walk you through the process.

How do I access my Vacation Savings Account funds?

You can access funds in a Vacation Savings account up to four times a year by requesting a withdrawal in person.

When will I have access to my Holiday Savings Account funds?

Holiday Savings account funds are transferred to your savings account on October 20th.

Is there a minimum monthly deposit required for a secondary savings account?

No, there are no minimum deposit requirements for our secondary accounts.

Am I able to set up direct deposit into a secondary savings account?

Yes, and we think that's a great idea! With direct deposit, you can set up an automatic deposit for all or just a portion of your paycheck to go directly into separate savings accounts.

Saving Accounts
Effective Date: Monday June 17, 2024
NameDividend RateAPY*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

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