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Eligibility
Because membership is required to take advantage of this wonderful loan product, please tell us how you qualify for membership.
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Required Products
Select at least one of the following products required for membership
Savings - Required for Membership
Establish your MITFCU membership by opening a Savings account, and begin creating a financial cushion while gaining access to all our additional products and services. While there is a $2,500.00 limit for account opening, there is no maximum dollar limit for this account.
APY: 0.05% Min Deposit: $5.00 Max Deposit: $2,500.00
You may select one of the following products
Available Products
High Yield Money Market
High Yield Money Market Accounts elevate your savings with a higher fixed rate than regular Money Market accounts.
APY: 4.00% Min Deposit: $10,000.00
Starter Savings
Earn more dividends on smaller balances.
Max APY: 5.00% Min Deposit: $0.00
High Yield Savings
Our High Yield Savings account can help you achieve your financial goals. While there is a $2,500.00 limit for account opening, there is no maximum dollar limit for this account.
APY: 3.00% Max Deposit: $2,500.00
Select Savings
Select Savings is the go-to savings account for MIT Federal Credit Union members interested in a simple solution for building short-term savings. While there is a $2,500.00 limit for account opening, there is no maximum dollar limit for this account.
APY: 0.10% Max Deposit: $2,500.00
Money Market
Money Market Accounts elevate your savings with a higher fixed rate than Select Savings. Rate varies by balance amount. While there is a $2,500.00 limit for account opening, there is no maximum dollar limit for this account.
Min Deposit: $0.00 Max Deposit: $2,500.00
Holiday Savings
Make holidays merrier with a steady savings strategy through MIT Federal Credit Union's Holiday Club Accounts. Save throughout the year while maintaining anytime access to your funds. While there is a $2,500.00 limit for account opening, there is no maximum dollar limit for this account.
APY: 0.05% Max Deposit: $2,500.00
Vacation Club
APY: 0.05% Max Deposit: $2,500.00
3 Month High Yield Share Certificate
The road toward a more secure financial future begins with saving strategies using MIT Federal Credit Union's Share Certificates.
APY: 4.00% Min Deposit: $500.00
6 Month High Yield Share Certificate
The road toward a more secure financial future begins with saving strategies using MIT Federal Credit Union's Share Certificates.
APY: 4.15% Min Deposit: $500.00
9 Month High Yield Share Certificate
The road toward a more secure financial future begins with saving strategies using MIT Federal Credit Union's Share Certificates.
APY: 4.00% Min Deposit: $500.00
12 Month Share Certificate
The road toward a more secure financial future begins with saving strategies using MIT Federal Credit Union's Share Certificates.
APY: 4.00% Min Deposit: $500.00
6 Month Share Certificate
The road toward a more secure financial future begins with saving strategies using MIT Federal Credit Union's Share Certificates.
APY: 4.00% Min Deposit: $500.00
9 Month Share Certificate
The road toward a more secure financial future begins with saving strategies using MIT Federal Credit Union's Share Certificates.
APY: 3.75% Min Deposit: $500.00
18 Month Share Certificate
The road toward a more secure financial future begins with saving strategies using MIT Federal Credit Union's Share Certificates.
APY: 3.50% Min Deposit: $500.00
24 Month Share Certificate
The road toward a more secure financial future begins with saving strategies using MIT Federal Credit Union's Share Certificates.
APY: 3.00% Min Deposit: $500.00
60 month Share Certificate
The road toward a more secure financial future begins with saving strategies using MIT Federal Credit Union's Share Certificates.
APY: 2.50% Min Deposit: $500.00
48 month Share Certificate
The road toward a more secure financial future begins with saving strategies using MIT Federal Credit Union's Share Certificates.
APY: 2.50% Min Deposit: $500.00
36 month Share Certificate
The road toward a more secure financial future begins with saving strategies using MIT Federal Credit Union's Share Certificates.
APY: 2.50% Min Deposit: $500.00
Basic Checking
MIT Federal Credit Union caters to you with personal checking accounts that offer convenient features and valuable benefits so you can manage your finances easily. While there is a $2,500.00 limit for account opening, there is no maximum dollar limit for this account.
Max Deposit: $2,500.00
Plus Checking
MIT Federal Credit Union caters to you with personal checking accounts that offer convenient features and valuable benefits so you can manage your finances easily. While there is a $2,500.00 limit for account opening, there is no maximum dollar limit for this account.
APY: 0.05% Max Deposit: $2,500.00
Select Checking
MIT Federal Credit Union caters to you with personal checking accounts that offer convenient features and valuable benefits so you can manage your finances easily. While there is a $2,500.00 limit for account opening, there is no maximum dollar limit for this account.
Max Deposit: $2,500.00
APY (Annual Percentage Yield)
Your Selected Products
Funding
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Protection that Matters
Credit Life and Credit Disability Insurance, underwritten by CMFG Life Insurance Company, is available for most loan products
Would you like more information about protecting your loan payment or balance with Credit Life and Credit Disability Insurance from your lender?Debt Protection is available with most loans by the credit union. It is designed to cancel your loan payment or balance, up to the contract maximums, if a protected life event occurs. Available package options will include one or more of the following life events: Life, Disability or involuntary unemployment.
Would you like more information about protecting your loan payment or balance with Debt Protection from your lender?MEMBER’S CHOICE™ Guaranteed Asset Protection (GAP) is an optional protection product made available by the credit union. In the event of a total loss, GAP is designed to cancel the difference between your primary insurance settlement and the outstanding loan balance, up to the contract maximums. For more information, call or visit the credit union.
Would you like more information about protecting your loan with GAP from your lender?Mechanical Repair Coverage can help you limit the cost of covered vehicle breakdowns.
Would you like more information about Mechanical Repair Coverage from your lender?Read, Sign and Submit
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