Home Buying Process

There are several steps to finding and buying a home. Your challenge is to put the home buying steps in the ...
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Surcharge Free ATMs and Shared Branches
Enter your zip code to find a surcharge-free ATM, MCT branch, or shared credit union branch.

Checking & Savings > Savings Accounts 

Savings Accounts

Regular Savings

  • $5 minimum opening balance establishes your membership in MCT
  • Minimum to earn dividends is $100 ($5 if under age 18)
  • Dividends are compounded and paid monthly

Rates     Calculators     Open account at a branch     Easy ways to save                 

 

 

Custodial Account

  • Open for a minor under the age of 18 with as little as $5
  • Limited to one minor, one custodian, and one successor.  Only the custodian can make deposits and withdrawals.  Minor can't access the account until they are 18 years old.
  • Earn dividends on balances of $5
  • For greater savings, open a certificate under the custodial account
  • Possible tax advantages (consult a tax advisor)
  • Dividends compounded and paid monthly

Rates     Calculators     Open account at a branch     Easy ways to save   

 

 

Money Market Accounts  

  • Regular Money Market—earn dividends with a minimum opening balance of $2,500
  • High-Yield Money Market—earn dividends with a minimum opening balance of $25,000
  • Access your money up to three times per month
  • Dividends are compounded and paid monthly 

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Rates     Calculators     Open account at a branch     Easy ways to save

 

 

Club Savings Accounts

   Vacation Club  Holiday Club

Minimum balance

  $0  $0
 Disbursal date Quarterly at your request  November 1st of each year
 Penalty-free withdrawals*  One per quarter  N/A
 Dividends compounded and paid monthly compounded and paid monthly
Savings method Payroll allocation or auto transfer Payroll allocation or auto transfer

 

Rates     Calculators     Open account at a branch     Easy ways to save    

   

  

Other accounts and services to help you save

    

 

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.

 

 

*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.


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