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Checking and Savings Accounts

Find the best checking and savings accounts to fit your needs.

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Checking Accounts

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Basic Checking

No minimum balances, no monthly maintenance fees30, manage your money when and where you want.

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Plus & Select Checking

Earn a flat rate of dividends when you maintain a minimum balance30.

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Checking Account Rates
Effective Date: Thursday, October 3rd, 2024
ProductMinimum Daily Balance to EarnDividend RateAPY 10Apply Now
Select Checking $100,000.00 0.05% 0.05% Open account
  $50,000.00 0.05% 0.05% Open account
  $25,000.00 0.05% 0.05% Open account
  $10,000.00 0.05% 0.05% Open account
Plus Checking $2,500.00 0.05% 0.05% Open account
Basic Checking N/A N/A N/A Open account

Features

Always have a way to pay available with Mobile Wallet.

Mobile wallets offer a safe, convenient way to pay with your MIT FCU cards. Our debit card can be used with Apple Pay®, Google Pay™, and Samsung Pay®3. Set up is easy and can be done in seconds.

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Savings Accounts

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Basic & Select Savings

A Basic Savings account gets your membership started, and is perfect for kids, too!

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High Yield Savings Account

Earn more than your average Savings with our High Yield Savings Account.

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Money Market

Tiered interest rates allow you to earn better returns for carrying higher balances30.

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Savings Account Rates
Effective Date: Thursday, October 3rd, 2024
ProductMinimum Daily Balance to EarnDividend RateAPY 10Apply Now
Savings $100.00 0.05% 0.05% Open account
High Yield Savings $500.00 2.96% 3.00% Open account
IRA Share (Traditional & Roth) $100.00 0.05% 0.05% Open account
Select Savings $25,000.00 0.10% 0.10% Open account
Club Accounts None 0.05% 0.05% Open account
Starter Savings Up to and including the first $2,000.00 4.88% 5.00% Open account
  On remaining balance above $2,000.00 0.05% 0.05% Open account

Money Market Rates
Effective Date: Thursday, October 3rd, 2024
ProductMinimum Daily Balance to EarnDividend RateAPY 10Apply Now
Money Market $500,000.00+ 0.40% 0.40% Open account
  $250,000.00 0.35% 0.35% Open account
  $100,000.00 0.30% 0.30% Open account
  $50,000.00 0.25% 0.25% Open account
  $10,000.00 0.20% 0.20% Open account
  $1,000.00 0.10% 0.10% Open account

High Yield Money Market Rates
Effective Date: Thursday, October 3rd, 2024
ProductMinimum Daily Balance to EarnNew Money Only 22Dividend RateAPY 10Apply Now
High Yield Money Market $10,000.00 Yes 4.16% 4.25% Open account
  $500.00 Yes 0.05% 0.05% Open account

Bank when and where you want.

With mobile and online banking, two convenient branches on campus, access to over 30,000 ATMs, and 5,000 branches nationwide.

Download our highly rated mobile app!4

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Certificates (CDs)

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Certificates (CDs)

Certificates offer a competitive, steady dividend rate for a fixed length of time and are best for money you don't need to access for a while.

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Certificate Rates
Effective Date: Thursday, October 3rd, 2024
ProductMinimum DepositNew Money Only 22May be used for Traditional and Roth accounts 23Dividend RateAPY 10Apply Now
3 Months High Yield $500.00 No No 4.40% 4.50% Open account
6 Months High Yield $500.00 Yes No 4.40% 4.50% Open account
9 Months High Yield $500.00 Yes No 4.16% 4.25% Open account
6 months $500.00 No Yes 3.92% 4.00% Open account
9 months $500.00 No Yes 3.68% 3.75% Open account
12 months $500.00 No Yes 3.92% 4.00% Open account
18 months $500.00 No Yes 3.44% 3.50% Open account
24 months $500.00 No Yes 2.96% 3.00% Open account
36 months $500.00 No Yes 2.47% 2.50% Open account
48 months $500.00 No Yes 2.47% 2.50% Open account
60 months $500.00 No Yes 2.47% 2.50% Open account