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Starter Savings

We’ll let you lead the way. 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 fees
  • $5 minimum balance to open
  • Federally insured up to $250,000 by the NCUA

Open an Account

Starter Savings Account
Effective Date: Thursday, June 13th, 2024
Account TypeMinimum Daily Balance to EarnDividend RateAPY**
Starter Savings Up to and including the first $2,000.00 4.88% 5.00%
Starter Savings On remaining balance above $2,000.00 0.05% 0.05%

1APY=Annual Percentage Yield. 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. 

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