Hero Savings

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.

*APY = Annual Percentage Yield. **Co-Op Network surcharge-free ATMs must show CO-OP ATM logo. ATM transactions made outside of MCU ATM network or CO-OP ATM Network may be subject to fees. Please visit our online ATM Locator for a list of surcharge-free ATMs.

Features & Benefits

No Minimum Balance Fee
MCU Visa® Debit Card
Convenient Access to 33,000 Fee-Free ATMs** Nationwide
Manage Your Money On-the-Go with Digital Banking
Get Paid Up to 2 Days Early with Direct Deposit
Accounts Insured by the National Credit Union Administration

Today's Rates

$50,000 and Over

0.05 %

_APY⁽¹⁾

Hero Savings

$4,000 - $49,999.99

0.05 %

_APY⁽¹⁾

Hero Savings

$1,000 - $3,999.99

0.01 %

_APY⁽¹⁾

Hero Savings

$500 - $999.99

0.01 %

_APY⁽¹⁾

APY = Annual Percentage Yield (OPEN TO READ MORE)

¹Minimum Opening Deposit is $0.01, funded by MCU.

Banking That’s Always by Your Side

Digital Banking and the NYMCU Mobile Banking App make it easy to achieve your financial goals with helpful tools.

With easy-to-use features, you can ensure your goals are met while managing your finances conveniently from anywhere.

Download the Mobile Banking App

Save Time with Mobile Deposits

With MCU's mobile deposit feature, depositing a check is as easy as snapping a photo on your phone. Just take a picture of your check, upload it using the NYMCU Mobile App, and you're done!

Learn About Mobile Deposit

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.

Join Us

Learn More About Membership

FAQs

Can I be sure that my deposits are safe?

The National Credit Union Administration (NCUA) insures MCU deposits, 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. Additionally, the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) provides federal production to IRAs up to $1 million (some restrictions may apply depending on roll-over status and uniquely unqualified accounts).

Are my savings insured?

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 and backed by the full faith and credit of the United States Government.

How are APY and dividend rates determined?

While many factors influence APY rates, the biggest contributing factor is the Federal Reserve (A.K.A. "the Fed"). When the Fed raises or lowers interest rates it affects the entire US financial ecosystem. APYs on products like student loans, credit cards, mortgages and savings accounts are also impacted by such rate changes.

How do I know which savings product is best suited for my needs?

Our member services team would be happy to set you up with an account that meets your needs! Please reach out to speak with one of our member service experts today.

Am I eligible to become an MCU member?

You may be! We welcome members from all over New York. For more details, please visit https://www.nymcu.org/join/becoming-a-member.

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Earn Up to 0.05% APY*