Deposit Rates

Deposit Rates | Loan Rates | Real Estate Rates

Savings Accounts   Checking Accounts   Share Certificates   IRA Share Certificates

Effective February 1, 2012

Savings Accounts

Checking Accounts

Share Certificates

IRA Share Certificates

Deposit Account Disclosures
*^D Excluding the primary Savings Account, there is no minimum balance to open products listed in the “Savings Accounts” and  “Checking Accounts” categories. A $5.00 balance is required to open a Savings Account, which is required for membership at MIT Federal Credit Union. To earn a dividend on the aforementioned products, you must maintain the Minimum Daily Balance listed above. No dividend will be paid on days when the balance falls below the required minimum. Fees: Select Savings — If the number of withdrawals or transfers exceeds one per month, a $25.00 fee will be assessed on each withdrawal or transfer thereafter. Money Market Accounts — If the number of withdrawals or transfers exceeds three per month, a $25.00 charge will be assessed for each transaction above the allowed minimum. Select Checking — In the event your balance falls below the required minimum daily balance, an $8.00 monthly fee will be withdrawn from your account. Plus Checking — In the event your balance falls below the required daily minimum, a $5.00 monthly fee will be withdrawn from your account. The rate may change after account opening. Fees could reduce earnings on the account. 

**^D APY = Annual Percentage Yield. Share Certificate APY assumes that dividends are retained in the Share Certificate; there is a penalty for early withdrawal. The required Minimum Balance must be maintained at all times. Other terms and conditions apply. Rates are accurate as of February 1, 2012 and are subject to change without notice. Please consult a Member Service Representative for complete share information.

*Smart Money Rewards: To qualify, each direct deposit you receive must exceed $100. If at any time MITFCU no longer receives your net pay, pension, or Social Security via direct deposit or if your Checking Account is closed or becomes inactive (zero transactions within a 90-day period), the rate on increased Share Certificates will be reduced 0.25% and the rate on discounted loans will be increased 0.25% and you will no longer receive any of the discounts associated with Smart Money Rewards. Maximum dividend rate increase and/or Annual Percentage Rate reduction is 0.50% in combination with other offers.

Notice of Changes in Temporary NCUA Insurance Coverage for Transaction Accounts