Smart Money Rewards
MIT Federal Credit Union would like to reward you for your membership. If we receive your net pay, pension, or Social Security via direct deposit and you have an active checking account, you qualify for Smart Money Rewards and all the benefits associated with this program.
Smart Money Rewards members receive the following benefits...
- 0.25%** increase to Share Certificates + IRA Share Certificates — On new or renewed Certificates for any term, you will receive a higher dividend rate.
- 0.25%** reduction to new Consumer Loans — If you open a consumer loan (excluding Visa, Home Equity Loans/Lines, and Mortgages) and you select automatic payment as your repayment method, you will receive a reduced interest rate on the loan.
- Up to $5.00 in ATM surcharge reimbursements — When you use an ATM that is not in the SUM, CO-OP, or MoneyPass network, you will be charged a surcharge by the financial institution that operates the ATM. However, as a Smart Money Rewards member, we will reimburse you up to $5.00 each month.
- Free check orders — Smart Money Rewards members receive free orders of basic, single style checks. Please call our Call Center at 617.253.2845 from 8:00am to 5:00pm Monday through Friday to place your order.
- Free plastic card replacement — If your MITFCU ATM, Debit MasterCard®, or Visa® credit card is lost, stolen, or damaged, we will replace your card free of charge.
- Free American Express® products — Purchase Travelers Cheques, Gift Cards, and Cheque Cards from MITFCU at no additional charge.
It's as simple as that.
There are no joining, maintenance, or membership fees. Your membership is automatic when you meet the qualifications.*
*To qualify for Smart Money Rewards, 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 transaction[s] within the past 90 days), the rate on increased Share Certificates will be reduced 0.25% and the rate on discounted loans will be increased by 0.25%, and you will no longer receive any of the benefits associated with Smart Money Rewards.
**Maximum dividend rate increase and/or annual percentage rate reduction is 0.50% in combination with other offers.
