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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
All Your Banking, Accessible Anywhere
Manage all your accounts from anywhere and any device. The NYMCU online and mobile banking applications make it easy to manage your savings accounts, checking accounts or any other MCU banking product. Plus, it features helpful saving and budgeting tools to make sure your goals are met!
Download the Mobile Banking App
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.
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
Ready to Start Saving?
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.
