Checking & Savings Rates

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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: 11.22.19
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 qualificationsare met during the monthly cycle. RewardChecking Accounts will receive a rate of 0.10% APY if qualificationsare not met in the cycle.
Savings Account Rates
Rates as of: 11.22.19
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: 11.22.19
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: 11.22.19
Account Type Annual Percentage Yield (APY) Minimum Initial Deposit
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.