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Products and services for all your savings and checking needs

As a credit union, MIT FCU is a not-for-profit, member-owned financial institution, allowing us to offer our members some of the best rates around. With a full suite of products and services, we've got all of your banking needs covered.

Savings Rates

Savings Accounts
Effective Date: Saturday, February 27th, 2021
Account TypeMinimum Daily Balance to EarnDividend RateAPY**
Savings* $100.00 0.05% 0.05%
IRA Share (Traditional & Roth) $100.00 0.05% 0.05%
Select Savings $25,000.00 0.10% 0.10%
Money Market $50,000.00 0.10% 0.10%
  $10,000.00 0.10% 0.10%
  $1,000.00 0.05% 0.05%
Club Accounts None 0.05% 0.05%

Checking Accounts
Effective Date: Saturday, February 27th, 2021
Minimum Daily Balance to EarnDividend RateAPY**
Select Checking
$100,000.00 0.05% 0.05%
$50,000.00 0.05% 0.05%
$25,000.00 0.05% 0.05%
$10,000.00*** 0.05% 0.05%
Plus Checking
$2,500.00 0.05% 0.05%
Basic Checking
N/A N/A N/A

Share Certificates and Traditional/Roth IRA Certificates
Effective Date: Saturday, February 27th, 2021
Minimum Daily Balance to EarnTermDividend RateAPY**
$500.00 12 Months 0.30% 0.30%
$500.00 18 Months 0.40% 0.40%
$500.00 24 Months 0.50% 0.50%
$500.00 36 Months 0.60% 0.60%
$500.00 48 Months 0.70% 0.70%
$500.00 60 Months 0.80% 0.80%

Money Market Account
Effective Date: Saturday, February 27th, 2021
Account TypeMinimum Daily Balance to EarnDividend RateAPY**Apply Now
Money Market $50,000.00 0.10% 0.10%  
  $10,000.00 0.10% 0.10%  
  $1,000.00 0.05% 0.05%  

Savings Account Options
Effective Date: Saturday, February 27th, 2021
Account TypeMinimum Daily Balance to EarnDividend RateAPY**Apply Now
Savings* $100.00 0.05% 0.05%  
Select Savings $25,000.00 0.10% 0.10%  
Club Accounts None 0.05% 0.05%  

*There is no minimum balance to open a Checking Account with MIT Federal Credit Union. To earn dividends on either Plus Checking or Select Checking, you must maintain the Minimum Daily Balance as indicated. No dividend will be paid on days when the balance falls below the required minimum. No dividends are paid on the Basic Checking account. Fees: Plus Checking - $5.00 monthly fee if the daily balance falls below $2,500 at any point in the month. The fee will be withdrawn from your checking account. Select Checking - $8.00 monthly fee if the daily balance falls below $10,000 at any point during the month. The fee will be withdrawn from your checking account. The rate may change after account opening. Fees could reduce earnings on the account.

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