High Yield Savings Account
This savings account yields a higher rate of interest for members that maintain larger balances with MCCCU. Keep in mind a minimum balance of $2,500 must be maintained at all times, and if you don't maintain this balance the remaining balance will be transferred to your primary savings.
- Only $2,500 to open
- Earn dividends on all balances
- Tiered rates--the higher your balance, the more interest you’ll earn
- No monthly fee with average daily balance of $2,500+
- Direct deposit available for all or just a portion of your check
- Enjoy the convenience of 24/7 account access through online and mobile banking
| Saving Accounts | |||
| Effective Date: Tuesday July 14, 2020 | |||
| Name | Dividend Rate | APY* | Minimum Opening Balance |
| Share (Savings) | 0.05% | 0.05% | $5.00 ($300 to earn) |
| High Yield Savings | 0.10% | 0.10% | $2,500 |
| High Yield Savings | 0.15% | 0.15% | Over $25,000 |
| High Yield Savings | 0.20% | 0.20% | Over $50,000 |
| Christmas Club | 0.05% | 0.05% | $0.00 ($100 to earn interest) |
| Vacation Club | 0.00% | 0.00% | $0.00 |
| IRA Savings (Traditional, Roth, and Educational) | 0.05% | 0.05% | $0.00 |
| *APY = Annual Percentage Yield | |||