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A variety of options for your savings plan

We offer two different savings account options, plus a special holiday/vacation club product to help you save for special goals.

Basic Savings Account

This is our basic savings account, it gets your membership started, and is perfect for kids, too! Children under the age of 16 will need a joint member on the account.

  • No minimum balance, no monthly fees
  • Just $5 to open and "join" the credit union*
  • No monthly fees
  • Earn dividends with $100 daily balance

What are you waiting for!

Open an account now

Select Savings Account

Raise the bar on savings! If you can maintain a higher daily balance you'll earn more.

  • Earn higher dividends on a minimum daily balance of $25,000 or higher
  • Dividends compound daily and pay out monthly
  • Easy access via withdrawals and transfers

 Open an account now

Vacation/Holiday Club Accounts

Whether its a special holiday savings account, or money you're saving up for a special goal, this account will help you keep those funds separate, with an automatic transfer when the time comes. 

  • Dividends compound daily and pay out monthly
  • Vacation club funds automatically transfer - June 15th
  • Holiday club funds automatically transfer - October 15th

Be prepared, for winter fuel expenses, holiday spending, a summer project, graduation gift or annual vacation. 

Open an account now

View our current rates below:

Savings Account Options
Effective Date: Tuesday, January 18th, 2022
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%  

*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.

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