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Make Money Work for You

Tips for automating your savings and investment strategy to meet your financial goals.

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Saving to Achieve

Whether you have short-, mid-, or long-term goals, saving money is the key to achieving all of them.


Have you heard the saying, “Pay yourself first”? This slogan suggests that you save money for yourself when you get paid, before you pay your bills. When you plan to save, the “expense” called savings becomes a routine bill that you “pay” each month. With this bill, the recipient is you! You can achieve your goals by making saving a part of your personal financial budget.

Create a custom savings in Web-Branch and set-up automatic and recurring transfers through Bill Pay.


Most financial experts agree that keeping 3-5 months of income in an emergency savings account is solid financial guidance. Having a safety net, like an emergency savings account, can help minimize your worry, protect you against uncertainty, prevent the need to liquidate assets, and give you access to cash rather than credit. Create your emergency savings before you begin investing for other financial goals.

Check out these quick tips to save your first $1,000.


Periodic expenses are the trickiest expenses in the family budget. These expenses don’t occur each week or each month. Instead, they occur at different times during the year. When you plan your annual budget, pay particular attention to your periodic expenses. These generally include expenses such as car repairs and maintenance, gifts, entertainment, house repairs and maintenance, clothing, vacation and insurance. Estimate how much money you will spend in the following year in each category.

You might have other expenses in your budget that you identify as periodic. Reviewing old credit card or financial statements is a good way to determine what you purchased last year and how much you spent. Once you calculate how much you expect to spend in each of the categories next year, divide each number by 12 to determine the monthly amount for each expense. Remember, you should treat periodic expenses as monthly expenses in your budget. By planning ahead and working off a monthly spending plan, you will be able to avoid peaks and valleys with your finances.

Saving for a large purchase? MTC Federal has options to help you handle today and make a plan for tomorrow:

Money Market Accounts

For a minimum opening deposit of $2,000, a Money Market Account is a great way to invest! This type of account earns higher interest rates and gives you more flexibility to access your funds when you need them.

Share Certificates

For a minimum opening deposit of $250, earn higher interest rates when you commit to saving money for a specific period of time. We offer a variety of term lengths to fit your needs and you’ll enjoy a guaranteed rate of return on the money you save.


It’s never too early to start saving for the future! We offer Traditional IRA and Roth IRA options to help you save for retirement, plus Coverdell Education Savings Accounts to help you save for a child’s education.

View Today’s Deposit Account Rates

See current rates for MTC Federal Credit Union’s checking accounts, savings accounts, youth accounts, money market accounts, share certificates and IRAs.

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Use our savings calculator to see what it will take to reach your financial goals.