Savings Accounts
Opening a savings account is super easy! If you are a new member, either apply online, or stop by a branch. To open an account and establish membership, all you need is $5 and at least one form of ID from the "Acceptable Forms of Primary ID" list below! In order to obtain a membership, other information may be required as well. Click here to learn about adding a checking account with a free debit card!
Acceptable Forms of Primary ID (required)
- Driver’s License
- State ID Card
- US Passport
- Foreign (Alien) Passport
- US Common Access Card, including 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 (may not be required)
- 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)
| Account Type | Dividend Rate | Annual Percentage Yield | Minimum Balance |
|---|---|---|---|
| Regular Shares * | 0.25% | 0.25% | $5.00 |
| Kid's Club* | 0.25% | 0.25% | $5.00 |
| Student Club* | 0.25% | 0.25% | $5.00 |
| Christmas Club* | 0.25% | 0.25% | N/A |
| Special Savings * | 0.25% | 0.25% | 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. 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.
| Balance | Dividend Rate | Annual Percentage Yield |
|---|---|---|
| $0 - $999.99 | N/A | N/A |
| $1,000 - $4,999.99 | 0.50% | 0.50% |
| $5,000 - $9,999.99 | 0.55% | 0.55% |
| $10,000 and above | 0.60% | 0.60% |
| *Dividends are calculated by the daily balance method and credited on the last day of each month. 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. 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.
| Balance | Dividend Rate | Annual Percentage Yield |
|---|---|---|
| $0 - $9,999.99 | N/A | N/A |
| $10,000.00 - $24,999.99 | 1.00% | 1.01% |
| $25,000.00 - $49,999.99 | 1.25% | 1.26% |
| $50,000.00 - $99,999.99 | 1.50% | 1.51% |
| $100,000.00 - $199,999.99 | 1.75% | 1.76% |
| $200,000.00 and higher | 2.00% | 2.02% |
| *Dividends are calculated by the daily balance method and credited on the last day of each month. .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. | ||
Check out our financial calculators to learn more about saving, budgeting, setting goals, and more!
Go to main navigation