Starter Savings
We’ll let you lead the way. We designed our Starter Savings account to help you get started on your savings journey.
5.00% APY1
On balances up to $2,000.
- No monthly maintenance fees
- $5 minimum balance to open
- Federally insured up to $250,000 by the NCUA
Starter Savings Account
Effective Date: Thursday, November 21st, 2024
| Account Type | Minimum Daily Balance to Earn | Dividend Rate | APY** |
|---|---|---|---|
| Starter Savings | Up to and including the first $2,000.00 | 4.88% | 5.00% |
| Starter Savings | On remaining balance above $2,000.00 | 0.05% | 0.05% |
1APY=Annual Percentage Yield. A $5.00 balance is required to open a Savings Account, which is required for membership at MIT Federal Credit Union. To earn a dividend, you must maintain the Minimum Daily Balance listed above. No dividend will be paid on days when the balance falls below the required minimum. The rate may change after account opening. Fees could reduce earnings on the account.
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