Mutual Savings Credit Union

Club Accounts

Club accounts are like a regular savings account with more muscle. With this additional savings strength come a few requirements, which are explained below. The following free services can be activited for your club account.

- Home banking
- Telephone banking
- Mobile banking
- E-statements
- Payroll deduction

BASIC CLUB
Our Basic club (also called Vacation club) can help you set aside money for a trip or other personal expenses. Members are allowed 6 withdrawals per quarter from their Basic club and earn a quarterly interest rate of .10% APY.

CHRISTMAS CLUB
Why wait until the last minute to save for holiday shopping? With a Christmas club, you can arrange to have a specified amount automatically transferred from your MSCU Checking or savings account each month. The money in built up in your Christmas club is automatically transferred back on November 1st, just in time for shopping! Christmas clubs also pay a quarterly interest rate of .10% APY.

IRA CLUB
An Individual Retirement Account (IRA) club gives members the benefit of tax deferral by investing in an IRA with the flexibility of being able to deposit or withdraw funds without any credit union penalties. IRA clubs pay a quarterly interest rate of .10% APY.

SUPER SAVER CLUB
MSCU’s Super Saver club is designed for bigger balances – which means bigger savings for members. Super Saver clubs are tiered and pay a higher interest rate than a normal savings account.

Super Saver Tier

APY*

$2,499.01 to $20,000.00

0.05%

$20,001.00 to $50,000.00

0.05%

$50,001.00 to $100,000.00

0.05%

Greater than $100,000.00

0.05%


*Rates quoted are best available and are subject to change. For more information, please contact Mutual Savings.

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