Savings | M-C Financial Credit Union

Savings

Craft Your Financial Future

You’ve got a plan for the future, and we’ve got a plan for you. Short-term savings. Long-term goals. A nest egg for retirement. No matter what you’re saving for, M-C FCU has the perfect savings plan to match your needs. All are federally insured, earn high dividends and allow for fast, easy deposit and withdrawal. So choose the plan that’s just right for you:

Regular Savings Account

The share savings account at M-C is the key to becoming a member. The Share Account represents a member’s ownership in M-C Financial Credit Union. A share account requires a $5.00 minimum deposit upon opening and is required to maintain membership status. It is the first and most convenient way to start saving.

  • Earnings are calculated from date of deposit to date of withdrawal.
  • Earnings are posted to your account quarterly.
  • Free online account access, bill payer, and e-statements 24/7 with Online Banking and Mobile Banking. (See our Featured Services)
  • No monthly fees to maintain your account.
  • Free Audio-Banking.
  • Surcharge free access to thousands of ATM’s at specified locations ATM Locator.
  • Insured by the NCUA.

 

Declared Dividends
A.P.Y.***
Rate
Account Type
Share (Savings)0.25%0.25%
*APY = Annual Percentage Yield. IRA = Individual Retirement Account. Dividends are computed daily and compounded quarterly. The APY may fluctuate slightly depending on the number of days in each quarter. The APY is based on the assumption that dividends will remain in the account until maturity. Rates are subject to change at any time. 90 day penalty for early withdrawal. **Rates are subject to change weekly. Dividends are posted monthly. No term, easy access. ***Rates on share accounts are not guaranteed, but are based on the earnings of the credit union and declared quarterly. Dividends are calculated on a “day of deposit/day of withdrawal basis. M-C Federal Credit Union membership is required.

Club Accounts

A club account will allow you to save money for a future event or occasion like a vacation getaway, Christmas, or even your wedding.

Features

  • Open an account year-round
  • Direct Deposit, Payroll Deduction
  • Funds are automatically transferred on a preset date* Ask an MSR
  • No penalty for early withdrawal
  • Insured by the NCUA
*Clubs established through direct deposit/payroll deduction automatically renew each year unless you request a change or stop the deduction.
Declared Club Account Dividends
A.P.Y***
Rate
Account Type
Christmas Club0.10%0.10%
All-Purpose Club0.10%0.10%
*APY = Annual Percentage Yield. IRA = Individual Retirement Account. Dividends are computed daily and compounded quarterly. The APY may fluctuate slightly depending on the number of days in each quarter. The APY is based on the assumption that dividends will remain in the account until maturity. Rates are subject to change at any time. 90 day penalty for early withdrawal. **Rates are subject to change weekly. Dividends are posted monthly. No term, easy access. ***Rates on share accounts are not guaranteed, but are based on the earnings of the credit union and declared quarterly. Dividends are calculated on a “day of deposit/day of withdrawal basis. M-C Federal Credit Union membership is required.

Heath Savings Account

One of the major themes with HSAs is individual control. You are the primary decision-maker. You decide when to use the HSA funds to pay medical expenses. Your employer has no control over the HSA funds. Even when you change jobs, your HSA goes with you. HSAs are designed specifically for individuals with a high deductible health plan. Members who switch to a high deductible health plan will likely enjoy lower premiums. Unlike contributions to a flexible spending account, the balance of an HSA at the end of the year is carried over to the next year. So HSA owners are not placed in a position of having to “use it or lose it” each year.

 

Declared Monthly Dividends
A.P.Y.*
Rate
Health Savings Account (HSA)0.25%0.25%
*APY = Annual Percentage Yield. IRA = Individual Retirement Account. Dividends are computed daily and compounded quarterly. The APY may fluctuate slightly depending on the number of days in each quarter. The APY is based on the assumption that dividends will remain in the account until maturity. Rates are subject to change at any time. **Rates are subject to change weekly. Dividends are posted monthly. No term, easy access. ***Rates on share accounts are not guaranteed, but are based on the earnings of the credit union and declared quarterly. Dividends are calculated on a “day of deposit/day of withdrawal basis. M-C Financial Credit Union membership is required.