Checking & Savings Rates

Open an Account Contact Us

Growing your money is truly a team effort.

It all begins with your hard work. Next, you take your earnings and put them into an account at MECU. Then, it's our turn. Thanks to our high deposit rates, we make generous payments to your savings accounts and to certain checking accounts. And that contribution means you end up with a good deal more than you started with.

Great savings rates for every balance.

Because MECU is a not-for-profit credit union, our deposit rates are higher than most traditional banks.

Checking Account Rates
Rates as of: 12.8.19
Account Type Annual Percentage Yield (APY) Minimum Initial Deposit
Basic Checking 0.10% $25
CashBack Checking 0% $25
RewardChecking**
Balances from $0.00 to $9,999.99 3.00% $25
Balances $10,000.00 and over 0.75% $25
Disclosures
*  Fees could reduce the earnings on these accounts. Rate subject to change following account opening.

** Higher interest rates and yields are earned when qualifications are met during the monthly cycle. RewardChecking Accounts will receive a rate of 0.10% APY if qualifications are not met in the cycle.
Savings Account Rates
Rates as of: 12.8.19
Account Type Annual Percentage Yield (APY) Minimum Initial Deposit
Share Savings 0.25% $5 †
Holiday Savings 0.25% $5 †
PAY: Pay All Year Savings 0.25% $5 †
RealSaver**
Balances up to $20,000 1.25% $5
Amount of balance over $20,000 0.50% $5
Disclosures
*   Fees could reduce the earnings on these accounts. Rate subject to change following account opening.
** RealSaver accounts may only be opened in conjunction with a CashBack Checking or RewardChecking product. Higher interest rates and yields are earned when qualifications are met during the monthly cycle. RealSaver Accounts will receive a rate of 0.10% APY if qualifications are not met in the cycle.
†   Minimum balance in order to earn interest.
IRA Savings Account Rates
Rates as of: 12.8.19
Account Type Annual Percentage Yield (APY) Minimum Initial Deposit
Traditional 0.25% $25 †
Roth 0.25% $25 †
Disclosures
* Early withdrawal penalties may reduce the earnings on the account. The rate may change after the account is opened.

† Minimum balance in order to earn interest.
Money Market Account Rates
Rates as of: 12.8.19
Account Type Annual Percentage Yield (APY) Minimum Initial Deposit
Money Market Promotion**
Less than $10,000 0.05% $10,000†
$10,000 - $1,000,000.99 2.25% $10,000†
$1,000,001.00 or more 0.05% $10,000†
Money Market Account
Less than $500 0% $500 †
$500 - $9,999.99 0.30% $500 †
$10,000 - $24,999.99 0.35% $500 †
$25,000 - $49,999.99 0.35% $500 †
$50,000 - $74,999.99 0.40% $500 †
$75,000 - $99,999.99 0.40% $500 †
$100,000 or more 0.50% $500 †
Premier Money Market Account
Less than $500 0.00% $50,000 †
$500 - $9,999.99 0.20% $50,000 †
$10,000 - $49,999.99 0.25% $50,000 †
$50,000 - $99,999.99 0.45% $50,000 †
$100,000 - $149,999.99 0.55% $50,000 †
$150,000 - $499,999.99 0.55% $50,000 †
$500,000 - $2,499,999.99 0.60% $50,000 †
$2,500,000 or more 0.60% $50,000 †
Disclosures
* Fees could reduce the earnings on the account. The rate may change after the account is opened.

† Minimum balance in order to earn stated APY.

**The Money Market promotional account is available until December 31, 2019. This is a limited-time new money offer available for consumer and business accounts. A $10,000 minimum opening deposit of funds not currently on deposit at MECU is required and must maintain in order to earn the promotional Annual Percentage Yield (APY). New money is defined as money that has not been on deposit at MECU during the past 90 days. Interest rate / APY is variable and paid on a tiered rate structure based on the account’s average daily balance. Interest is compounded monthly and paid monthly. Average daily balance must stay between $10,000 and $1,000,000.99 to earn the 2.25% APY (Annual Percentage Yield). The APY of 0.05% will apply when average daily balance is below $10,000 or is $1,000,001 or more. Rates are effective as of October 3, 2019. Promotion period and APY are subject to change at any time without notice. The promotional account is limited one per member. Not available on current MECU Money Market, Premier Money Market or other promotional Money Market products. No monthly fees to open or maintain your account. Federal Reserve Regulation D states no more than six (6) pre-authorized, telephone, automatic, or check withdrawals or transfers in any combination are permitted in any calendar month from your Money Market promotional account. Fees could reduce earnings on the account. Advertised APY cannot be combined with any other offer. Membership eligibility required. Certain restrictions may apply. Federally insured by NCUA.