Hero Savings Account
Join MCU and Start Saving with a Hero Savings Account.
Our basic savings account, with perks that are anything but. A Hero Savings Account does more than just help you save—it also gets you membership into MCU, so you can also access our great products and member services while you work toward your savings goals.
Open an Account with Just a Penny, and Start Earning a Great APY* Right Away.
Saving for your dream vacation? Putting away money for retirement? Just need a savings account to keep your money in the smartest place possible?
MCU gives you simple, reliable banking you can count on. Members can earn up to 0.05% APY* (Annual Percentage Yield) with any Hero Savings Account—no hoops to jump through, just great service and competitive rates.
Earn Up to 0.05% APY*
The MCU Hero Savings Account is MCU's basic share account. A share account in a credit union is like owning a “share” of a company, except profits generated by credit unions go back to its members. That’s why we can offer rates up to 0.05% APY* on MCU Hero Savings Accounts.
Federally Insured by the NCUA
The National Credit Union Administration (NCUA) insures MCU so you can trust that your funds are safe. The NCUA is an independent federal agency that insures deposits at federally insured credit unions, protects the members who own credit unions, and charters and regulates federal credit unions. Your savings are federally insured to at least $250,000 by the full faith and credit of the United States Government.
Convenient Banking Access
We’re not some out-of-town banking goliath—we’re in your communities, ready to help. We’ve got branches and ATMs all across New York City for easy account access, and our member success teams are here to support you through all of your financial milestones.
Fewer Fees, Better Banking
Take advantage of your Hero Savings Account's great features, such as:
- No Minimum Balance Fee
- No required aggregate daily balance
- Access to an MCU Visa® Debit Card
- Convenient access to funds through ATMs, NYMCU® Online/Mobile Banking and Touch Tone Teller
- Deposit via Payroll Deduction or Direct Deposit
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.
When Should You Take Social Security?
How To “Trick” Yourself Into Saving More
How Much Should You Save For Retirement?
Get Answers to Our Most Frequently Asked Questions.
Can I be sure that my deposits are safe?
Where can I find MCU branches and fee-free ATMs?
Are my deposits insured?
Am I eligible to become an MCU member?
How are APY and dividend rates determined?
Is there a monthly fee on savings products?
Who can I contact if I have questions about my account?
Hours: Monday - Friday: 7:00am -7:00pm
Saturday: 9 am - 2 pm
Greater New York City:
Outside New York City:
(800) 323- 6713
*APY = Annual Percentage Yield. The disclosed Dividend Rates and Annual Percentage Yields are accurate as of the last dividend declaration date. Rates and Terms are subject to change without notice. For more details, see our Rates page.
Multiple accounts are only allowed for Share Certificates. All other deposit accounts are limited to one of each type.
Minimum Opening Deposit is $0.01, funded by MCU.