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Banking Rates

MIT Federal Credit Union rates for savings accounts, checking accounts, and certificates.

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Checking and Savings Rates.

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

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

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

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

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