Select Savings

Select Savings is the go-to savings account for MIT Federal Credit Union members interested in a simple solution for building short-term savings.

  • Dividends are compounded daily and paid monthly on balances of $25,000 or more*
  • No minimum balance to open, maintenance fee, or term requirement
  • Funds are accessible at MIT Federal Credit Union branches, through e-Branch, Shared Branching, and Mobile Banking
  • One free monthly withdrawal or transfer to any non-Share Certificate account (a $25 fee applies thereafter with up to six electronic transactions allowed monthly)

*Rates may change after account opening.

MITFCU's Select Savings account is a smart way to reach your savings goals on your own schedule.

  • High, variable dividend rate grows your money faster
  • Rewards members who keep larger savings balances