Club Accounts

Savings Jar

Mutual Savings Credit Union has a variety of Clubs Accounts that can help you accomplish specific goals. Club Accounts are like a regular savings account with more muscle. With this additional savings strength come a few requirements, which are explained below.

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.

  • Minimum Opening Deposit is $10.00
  • No Monthly Fee
  • Withdrawal Limit: 6 per quarter
  • Visit our deposit rates page to see the current interest rates for our Club Accounts.

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.

  • Minimum Opening Deposit is $10.00
  • No Monthly Fee
  • Withdrawal Limit: None allowed until Nov 1st; $5 fee for each early withdrawal
  • Visit our deposit rates page to see the current interest rates for our Club Accounts.

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.

  • No Minimum Opening Deposit
  • No Monthly Fee
  • Visit our deposit rates page to see the current interest rates for our Club Accounts.

SUPER SAVER CLUB

MSCU’s Super Saver Club is designed for bigger balances – which means bigger savings for members. Super Saver Clubs are tiered so please see our deposit rates page for their different tiers and the current interest rates.

ADDITIONAL FEATURES

All of Mutual Savings Credit Union’s Club Accounts can be equipped with the following features: