Savings Accounts

Opening a savings account is super easy! If you are a new member, either apply online, or stop by a branch. You will need $5 to establish your membership and open the account, as well as two forms of ID. In order to obtain a membership, the following identifying information will be required, and other information may be required as well. Click here for information on adding a checking account!

Acceptable Forms of Primary ID

  • Driver’s License
  • State ID Card
  • US Passport
  • Foreign (Alien) Passport
  • US Military ID
  • Permanent Resident Card
  • Alien Registration Card
  • Employment Authorization Card
  • Tribal ID Card
  • Other Government issued ID with a picture

Acceptable Forms of Secondary ID

  • Original Social Security Card
  • Firearm License or Permit
  • Voter Registration Card
  • Insurance Card
  • Employee ID
  • Credit or Debit Card
  • Unexpired Student ID (18 & Over)
  • Welfare ID
  • Paystub
  • Individual Taxpayer Identification Number/Authorization from IRS
  • Organization Membership Card (Club Card, must contain Member's name)

Become a Member

Savings Accounts
Effective Date: Friday, October 23rd, 2020
Please contact us or stop into a branch to verify the current rate.
Account TypeDividend RateAnnual Percentage YieldMinimum Balance
Regular Shares * 0.06% 0.06% $5.00
Kid's Club* 0.06% 0.06% $5.00
Student Club* 0.06% 0.06% $5.00
Christmas Club* 0.06% 0.06% N/A
Special Savings * 0.06% 0.06% N/A
*Dividends are calculated by the daily balance method and credited on the last day of each quarter.
Rates are variable and may change after account is opened.
Rates and terms are subject to change as determined by the Board of Directors.

High Yield Accounts

High Yield Accounts require a higher minimum balance to earn interest than a traditional savings account but you may be able to earn more depending on the balance in the account. They offer a higher rate of return and you can deposit to them at any time. High Yield Accounts allow unlimited in-person transactions and up to six electronic withdrawals (which includes automatic debits from a third party, electronic transfers through online banking or phone banking, and ATM withdrawals) per month. Plus, there are no minimum balance fees.

Open a High Yield Account
Please stop by your local branch or give us a call at 855.835.6328 so that we can verify your information and get this created for you! The minimum balance to earn interest is $1,000.

High Yield and IRA High Yield Savings
Effective Date: Friday, October 23rd, 2020
Please contact us or stop into a branch to verify the current rate.
BalanceDividend RateAnnual Percentage Yield
$0 - $999.99 N/A N/A
$1,000 - $4,999.99 0.06% 0.06%
$5,000 - $9,999.99 0.10% 0.10%
$10,000 and above 0.12% 0.12%
*Dividends are calculated by the daily balance method and credited on the last day of each quarter.
Rates are variable and may change after account is opened.
Rates and terms are subject to change as determined by the Board of Directors.

Super High Yield Accounts

Super High Yield Accounts require a higher minimum balance to earn interest than a traditional savings account or high yield savings account but will earn you more money. They offer a higher rate of return and you can deposit to them at any time. Super High Yield Accounts have unlimited in-person transactions and six electronic or check withdrawals per month. Plus, there are no minimum balance fees.

Open a Super High Yield Account
Please stop by your local branch or give us a call at 855.835.6328 so that we can verify your information and get this created for you! The minimum balance to earn interest is $10,000.

Super High Yield and IRA Super High Yield Savings
Effective Date: Friday, October 23rd, 2020
Please contact us or stop into a branch to verify the current rate.
BalanceDividend RateAnnual Percentage Yield
$0 - $9,999.99 N/A N/A
$10,000.00 - $24,999.99 0.13% 0.13%
$25,000.00 - $49,999.99 0.15% 0.15%
$50,000.00 - $99,999.99 0.17% 0.17%
$100,000.00 - $199,999.99 0.20% 0.20%
$200,000.00 and higher 0.22% 0.22%
*Dividends are calculated by the daily balance method and credited on the last day of each quarter.
.10% APY bonus earned if you also have a MFCU Premier Checking Account.
Rates are variable and may change after account is opened.
Rates and terms are subject to change as determined by the Board of Directors.

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