Search
Previous Menu
Savings
NYC’s Heroes Deserve a Financial Future They Can Count On.
You work hard every day to keep our city and communities running strong. Let MCU return the favor in the form of accessible banking products at excellent rates to ensure that you and your loved ones have a financial future worth looking forward to.
Excellent Rates to Boost Your Success
with Every Deposit
MCU’s suite of savings products help to make sure each dollar is working harder for you. Whether you’re saving for something specific or just putting money away for the future, MCU is prepared to help you succeed with a variety of savings accounts designed to meet your needs.
Up to 2.02% APY* on Money Market Accounts
Earn more for the money you deposit each month and get more bang for your buck as your balance increases. With limited check writing and no limits on mail and branch withdrawals, you can keep getting rewarded even when you spend.
Up to 3.25% APY* on Fixed Rate Deposit Plus
Earn more than with basic savings accounts on a minimum of $250 for an 18-month term. You can even make additional deposits automatically through Direct Deposit or Automatic Transfer.
Boost Your Child’s Future
With a Coverdell ESA.
Start setting money aside for your loved ones’ higher education needs—contribute up to $2,000 per year on behalf of a child and help them build an excellent foundation for their financial future.
Let’s Work Together to Meet Your Savings
Goals, No Matter How Big or Small.
With excellent rates that boost your savings and accelerate you towards financial success, MCU is prepared to offer you a variety of savings products that meet your every need.
Hero Savings Account
Our basic savings account, with perks that are anything but. A Hero Savings Account gets you membership into MCU, a foundation to build your goals on—and regular dividends just for being a member.
Money Market Accounts
Earn higher dividends each time you increase your balance when you have a Money Market Savings Account with MCU. Dividends compounded and credited monthly, so you can earn more, faster.
Share Certificate Accounts
Enjoy higher dividends than basic savings accounts with terms from 6 to 36 months to match your short-term or long-term goals. A Share Certificate Account makes your savings plan simple with fixed rates and defined terms.
Youth Accounts
With 0.05% APY*, MCU’s Youth Accounts are the perfect way to teach your child the value of saving and putting their money to work for their future.
MCU² Student Banking
College and graduate school students are eligible for a variety of MCU products such as checking, savings, credit card, loans, and resources designed to help students succeed financially.
Coverdell ESA
Gift your child a head start on their education with an account they can withdraw from, tax-free, to pay for education expenses. With annual deposit limits of $2,000, it’s never too early to start saving for college.
Club Accounts
With an APY* of 0.05%, Club Accounts help you put money towards special projects (such as holidays and vacations) while also earning regular dividends to put toward the final total.
Make the Most of Your MCU Membership.
Membership in our community is about more than just banking. As an MCU member, you can access valuable information and resources to help you plan and reach your financial goals.
Avoid Tax Scams
The Smart Borrower’s Guide
Personal Loans vs. Credit Cards
All Your Banking, Accessible Anywhere
MCU is committed to providing you digital banking access, exactly when and where you need it. Discover helpful tools and settings that make banking smarter, not harder.
Download the Mobile Banking App
Get Paid Faster with Direct Deposit & Automatic Transfer.
Set up automatic deposit of regular paychecks (or any other recurring payments) directly into your Hero Savings Account, Everyday Hero Checking Account, or Basic Share Draft account—securely and without incurring any additional fees—and enjoy immediate access to your money.
No Matter Where You Are in Life,
We’re Right There with You.
At MCU, we believe that a credit union should be a lifelong source of financial education and support—from planning for college to saving for retirement and everything in between.
That’s why we have specialized recommendations for products and services designed to help you meet your goals (both short-term and down the road), based on your changing needs and priorities.
Ready to Start Saving with MCU?
Join now to get access to the competitive rates, reliable banking products, and educational resources you need to create a foundation for an exceptional financial future.
