Updated 6/8/20: Our Lincoln Laboratory and Student Center branches remain closed. Our Tech Square branch is open Monday - Friday 8:30 am - 4 pm. Appointments are encouraged. Please call 617-253-2845 for an appointment. Please visit MITFCU.ORG/COVID19Support for more information.

FRAUD ALERT: Fraudsters have been sending out counterfeit cashier’s checks and money orders appearing to be issued by MIT Federal Credit Union. If you received one of these checks in payment for services as a mystery shopper, please do not cash or deposit, and do not send money to the company sending the check! Read more here.

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