IMPORTANT MESSAGE: Due to maintenance Web-Branch, Mobile Branch, and Tele-Branch will not be available between 7:30PM to 9:30PM EST, Thursday, December 3, 2020.

Savings Accounts

Our savings account options can help you save for the future, the holidays, or a specific purpose.

From giving you a safe place to store your pocket change to helping you save for a specific goal, MTC Federal offers savings account options that make it easier for you to set money aside and plan for the future.

Watch your savings grow when you earn monthly dividends on your balance! A Share Savings account establishes your MTC Federal Credit Union membership and gives you access to the benefits of membership.

  • Initial deposit of $50 required
  • Tiered rates: the more you save, the more you earn

We also offer Youth Accounts to help young members save.

Current Rates

Share Savings Account

Account Balance Dividend Rates Annual Percentage Yield (APY)
$50 - $999.99 0.05% 0.05%
$1,000 - $7,499.99 0.10% 0.10%
$7,500 - $14,999.99 0.10% 0.10%
$15,000 - $49,999.99 0.10% 0.10%
$50,000 - $74,999.99 0.20% 0.20%
$75,000 - $99,999.99 0.30% 0.30%
$100,000 or more 0.40% 0.40%

Reduce your holiday stress and avoid credit card debt by setting money aside for the holidays all year round! Even putting a little money away in a separate savings account each month can make a big difference for your budget. Current members can open a Christmas Club Savings account online through Web-Branch.

  • No monthly service fee
  • 1 free withdrawal allowed per year
  • Funds automatically transfer to your share savings account on October 1st

To make saving automatic, you can set up a recurring payment from another account.

Current Rates

Christmas Club Savings Account

Account Balance Account Balance Annual Percentage Yield (APY)
$5 - $999.99 0.05% 0.05%
$1,000 - $7,499.99 0.10% 0.10%
$7,500 - $14,999.99 0.10% 0.10%
$15,000 - $49,999.99 0.10% 0.10%
$50,000 or more 0.20% 0.20%

If you’re saving for something specific, a Custom Savings account can help you reach your goal. Save for vacations, taxes, a special purchase and more! You can set up as many Custom Savings accounts as you’d like and give each account a custom name through Web-Branch.

  • No minimum deposit required
  • Make withdrawals any time
  • Easily move your money between accounts to suit your needs

A Custom Savings account is a smart way to begin an emergency fund or other savings plan because it offers ease and flexibility. To make saving automatic, you can set up a recurring payment from another account.

Current Rates

Custom Savings Account

Account Balance Dividend Rates Annual Percentage Yield (APY)
$5 - $999.99 0.05% 0.05%
$1,000 - $7,499.99 0.10% 0.10%
$7,500 - $14,999.99 0.10% 0.10%
$15,000 - $49,999.99 0.10% 0.10%
$50,000 or more 0.20% 0.20%

To open a savings account or get help from a Member Service Representative, use the Open an Account form, call 800-442-7792 or visit a branch.