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HIGH YIELD SAVINGS
Earn More, Save More!

Big City, Bigger Savings!
Build your savings faster with High Yield Savings, and make your money work smarter.
FEATURES & BENEFITS
HIGHER RETURNS
Earn 3.20% APY*, nearly 8 times+ the national average for traditional savings accounts.
NO FEES
No monthly maintenance fees.
EARN MORE
Your savings grow faster with daily compounded interest.
SECURE & INSURED
Deposits are NCUA-insured for peace of mind.
How to Open Your High Yield Savings
Visit Us:
Stop by your nearest MCU Branch to open your account in person.
Call Us:
Speak with an MCU representative at 1-844-MCU-NYNY (1-844-628-6969).
Open Online:
Existing Members - Log in to Digital Banking and navigate to Quick Apply.
New to MCU? - Start by applying for membership through our online application.
To qualify for the promotional 3.20% APY*, deposit a minimum of $5,000 “new to MCU money”** after your account is opened.


How to Fund Your High Yield Savings
Once your High Yield Savings is open, you can fund it easily through the following options:
ACH Transfer (via Digital Banking)
Securely transfer funds from an external bank account via Digital Banking.
In-Branch Cash Deposit
Visit your nearest MCU branch to deposit cash directly into your account.
In-Branch Check Deposit
Bring a check to any MCU branch and deposit it with a teller.
Start growing your savings today by choosing the funding method that works best for you!

Ready to Join the MCU Community?
Apply now to get access to the competitive rates, personal banking products, and educational resources you need to create a foundation for an exceptional financial future.
FAQs
Can I be sure that my deposits are safe?
Are my savings insured?
How are APY and dividend rates determined?
How do I know which savings product is best suited for my needs?
Am I eligible to become an MCU member?
DISCLAIMERS
*APY=Annual Percentage Yield. The APY is effective as of February 10, 2025. This is a variable rate account and the rate may change after the account is opened.
**Eligibility for Advertised APY: To qualify for the advertised APY, you must deposit $5,000.00 “new to MCU money” directly into the High Yield Savings Account (“Account”). “New to MCU money” is defined as money not currently maintained in any MCU account. Until the minimum of $5,000.00 in “new to MCU money” is deposited, the Account will earn a 0.00% APY. After the required amount of “new to MCU money” is deposited into the Account, there is no minimum balance to earn the advertised APY. Deposits and/or transfers can be made from an existing MCU account at any time, but any deposits or transfers from an existing MCU account will not count towards the “new to MCU money” requirement.
Minimum Opening Deposit: A minimum of $100.00 opening deposit is required.
Fees: There are no Account specific fees. Standard fees applicable to MCU membership and deposit accounts apply.
+Source of average bank savings: FDIC National Rates and Rate Caps published on January 21, 2025. National average is subject to change without notice.