Everyday Banking

Savings Accounts

Here a savings account is called a share account. That’s because when you open a savings account at the credit union you become a member which is an owner of the credit union. Opening is a share account is the first step to taking advantage of the credit union’s wide range of products and personalized services that will best suit your financial needs.

Account Types

Share Account

This account establishes your membership at MCLCU

The minimum amount to open a share account is $100.00 and must always remain in your account. Dividends for the share account are compounded and paid quarterly. Click here to view the current savings rate.

Money Market Account

Earn a higher rate of interest than a traditional savings while maintaining flexibility

Money Market accounts start at a minimum balance of $2,000.00. Dividends for Money Market accounts are compounded and paid monthly. Click here to view the current Money Market rates.

Share Certificates (CDs)

Higher fixed interest rates for longer periods of time

Open a CD for as little as $1,000.00. Terms of 6 months to 3 years are available. Click here to view the current CD rates.

To open a Money Market or CD call (708) 482-9606

*APY (Annual Percentage Yield) The APY is based on the assumption that dividends will remain in the account until maturity. CD (Certificate of Deposit). Dividends are compounded daily and posted monthly and at maturity. A penalty will be imposed for early withdrawal. Membership requirements apply. $1,000 minimum balance required. CD offer and rates subject to change. Upon maturity, CD will rollover to a similar term at the then prevailing rate unless directed otherwise.

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