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Whether you want to save for a rainy day or book that dream vacation, MIT FCU Savings and Money Market accounts will help you achieve your financial goals.


   Membership begins with a $5 deposit

   Open an Account                    


Basic Savings

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

  • No minimum balance, no monthly fees
  • Earn dividends with $100 daily balance
  • If under the age of 16, we require a joint member on the account

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 daily and pay out monthly
  • Easy access via withdrawals and transfers

High Yield Savings

If you want easy access to your money at a high-interest rate, a High Yield Saving Account could be a great fit.

  • No monthly maintenance fees
  • $500 minimum balance (to earn dividends)
  • Federally insured up to $250,000 by the NCUA

Vacation Club

MIT FCU's Vacation Club will help you save for a summer project, graduation gift or annual vacation.

  • Dividends compound daily and pay out monthly
  • Vacation club funds automatically transfer - June 15th
  • Strategic planning with anytime access to funds

Holiday Club

Make holidays merrier with MIT FCU's Holiday Club. Be prepared for winter fuel expenses and holiday spending.

  • Dividends compound daily and pay out monthly
  • Holiday club funds automatically transfer - October 15th
  • Strategic planning with anytime access to funds


Money Market

An MIT FCU Money Market Account will elevate your savings with a higher fixed rate*** than Select Savings. We'll help you build a financial cusion while maintaining easy access to funds.

  • No maintenance fee, no term requirement
  • Dividends are compounded daily, paid monthly
  • No minumum deposit

Funds are accessible at MIT FCU branches or through e-branch.


Effective Date: Sunday, July 14th, 2024
Account TypeMinimum Daily Balance to EarnDividend RateAPY**
Savings* $100.00 0.05% 0.05%
High Yield Savings $500.00 2.96% 3.00%
IRA Share (Traditional & Roth) $100.00 0.05% 0.05%
Select Savings $25,000.00 0.10% 0.10%
Money Market $500,000.00+ 0.40% 0.40%
  $250,000.00 0.35% 0.35%
  $100,000.00 0.30% 0.30%
  $50,000.00 0.25% 0.25%
  $10,000.00 0.20% 0.20%
  $1,000.00 0.10% 0.10%
Club Accounts None 0.05% 0.05%


*A $5.00 balance is required to open a Savings Account, which is required for membership at MIT Federal Credit Union. To earn a dividend, you must maintain the Minimum Daily Balance listed above. No dividend will be paid on days when the balance falls below the required minimum. The rate may change after account opening. Fees could reduce earnings on the account.

** APY=Annual Percentage Yield. Share Certificate APY assumes dividends are retained in the Certificate; there may be a penalty for early withdrawal. The required Minimum Daily Balance must be maintained at all times. Other terms and conditions apply. Rates are accurate as of the current date. Rates are subject to change without notice. Please consult a Representative for complete savings information.

***rate varies by account balance

2“New Money” is considered funds not currently on deposit at MIT Federal Credit Union.

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