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Important note: In the aftermath of Hurricane Helene, MIT FCU is here to help. If you have been affected by the storm and need support, please get in touch with Member Services at (781) 423-2022 or email us at info@mitfcu.mit.edu.

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Start saving for tomorrow

It's easy to start savings with an MIT FCU savings account.

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Grow your personal savings.

Whether you want to save for a rainy day or book that dream vacation, choose the MIT FCU Savings account that will help you achieve your financial goals.

5.00% APY1

Up to and including the first $2,000.00

  • $5 minimum to open
  • Higher interest with greater balance
  • Easy access via withdrawals and transfers

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Choose your Savings account

Basic Savings

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

  • No monthly maintenance fees30
  • $5 minimum balance to open
  • Federally insured up to $250,000 by the NCUA

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Starter Savings

We designed our Starter Savings account to help you get started on your savings journey.

  • 5.00% APY1 on balances up to $2,000
  • No monthly maintenance fees30
  • $5 minimum balance to open
  • Federally insured up to $250,000 by the NCUA

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Select Savings

Select Savings is an elevated account for members interested in a simple solution for short-term savings.

  • Earn higher dividends on a minimum daily balance of $25,000
  • Dividends compound monthly and pay out monthly
  • Federally insured up to $250,000 by the NCUA

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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

 

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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Always have a way to pay 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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What could my recurring (monthly) savings grow to?

Different factors can impact the growth of your savings over time such as the frequency of deposits and the rate of compounding. Use this calculator to determine the future value of your recurring savings and any existing balance you might have accumulated.

Savings

Assumptions

Financial Wellness

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