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Savings Accounts
No matter what you’re saving for or how much you start with, MCT offers a variety of savings accounts to help you grow your money. So take a minute to compare our accounts and select the right mix for you. After all, it's your money. You should be able to manage it your way.
Regular Savings
When you open this account with $5 or more, you establish your membership in MCT. Our regular savings accounts are standard for all members. From there, there’s no limit to how much your savings can grow. You will earn dividends once your balance reaches $100, and your money is accessible any time by ATM, Internet, phone or in person.
Rates Calculators Open an Account Easy ways to save
Special Savings
If you have a vacation, wedding, tax bill or other major expense coming up, use a Special Savings Account to plan ahead. We can set up automatic transfers for convenience, and you’ll earn dividends on balances over $100.
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We even have accounts for your kids!
Custodial Accounts
Custodial accounts are membership accounts opened in the name and social security number of a minor, but controlled by a custodian. Only one minor, one custodian, and one successor can be named on the account. Until the age of 18, the minor has no access to the funds and only the custodian may deposit to and withdraw from the account. There are no joint members or payees allowed on a custodial account, only one successor can be added to the account. This is a great account for a grandparent or parent to open to save money for a child's college education or other long term savings plan. Custodial accounts may be used with savings, certificate and checking services.
The establishment of a custodial account may have legal and tax limitations, including income, gift, and estate tax consequences. You may want to consult your tax advisor before opening a custodial account.
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Student Banking Package
You're never too young to learn how to manage money. That's why MCThas created a Student Banking Package for students between the ages of 12 to 21.
Rates Calculators Open an Account Easy ways to save
IRAs
We have IRA options ranging from short-term, high-liquidity funds for members on the go, to long-term, high-yield accounts for the long haul. Either way, we can help make your retirement dreams a reality.
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Money Market Accounts
If you have a little more money saved up, a Money Market Account is a great option. Earn high-yield dividends with the flexibility to access your funds when you need them.*
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Certificates
With a variety of terms and minimum deposits, our certificates offer something to anybody looking for a safe haven for their cash.
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Club Savings accounts
Club Savings accounts help you save money for vacations, expenses, and more. With automatic transfers, quarterly disbursements, and more, this is a great starting option. We even have a Summer Paycheck Savings account designed just for teachers.
View, compare and select the right Club Savings account for you:
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Club Accounts |
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| Minimum balance required |
None |
None |
None |
| Why should I consider opening it? |
Helps you save a little every month to cover for your holiday spending. | Helps you save a little every month for you next dream vacation. |
Helps you save a little every month to cover summer expenses. This account is perfect for 10-month employees (i.e. teachers) |
|
How does it work? |
Funds saved throughout the year are automatically transferred to a share of your choice on November 1st, just in time for holiday shopping! |
Withdrawals are limited to one per quarter, which allows you to use the money for winter, spring, or summer breaks. |
Funds saved throughout the year are automatically disbursed bi-weekly in July and August in equal transfers to a share of your choice. |
| Dividends |
Dividends are compounded and paid monthly |
Dividends are compounded and paid monthly |
Dividends are compounded and paid monthly |
*To help you resist the temptation to dip into your club savings accounts, withdrawals are restricted and subject to a withdrawal fee. (See fee schedule for details.) If there is no activity on the savings account for six (6) months, and there is a zero balance, the savings account will be closed.
Security for Peace of Mind
All MCT accounts are insured up to $250,000 by the National Credit Uinon Administration (NCUA), an agency of the Federal Government. For more information on how your accounts are insured, click here.
Member Rewards
Get the most from your membership with special rewards based on the relationship that you have with MCT.
