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Vacation Club Savings
Your first step toward an affordable vacation is to save for it. Make this first step with our Vacation Club Savings* and begin saving for your vacation expenses. This way, the money is slightly less accessible and you’re less inclined to dip into it for other expenses.This account is also great way to save for extra expenses during the summer such as vacations, day care, camps, weddings, etc.
Features:
• No minimum balance requirement
• Withdrawals are limited to one per quarter
• Dividends compounded and paid monthly
• Set aside as much as you like each month—make it easy by setting up automatic transfers
Open a Vacation Club Savings Account today!
Online:
If you’re already an MCT member, you can open a Vacation Club Savings Account through online banking.- Select “online services” and click “add an account”.
- You'll have the option to set-up direct deposit or redirect a portion of your existing direct deposit to your new Vacation Club Savings Account.
Mail:
Complete a membership application and direct deposit form. Upon completion mail to MCT Federal Credit Union, P.O. Box 1250, Rockville, MD 20849. Please include how much you would like allocated to your new Vacation Club Savings Account each pay period. If you already have direct deposit coming to MCT, you don't need to complete a direct deposit form but you still need to let us know the allocation amount.
Phone:
Call MCT at 301-948-9880.Branch:
Stop by an MCT branch.*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 for six (6) months, and there is a zero balance, the savings will be closed.
