Savings Products
Rates and Disclosures can be found at all accounts on the savings rates page.
At MCU we offer many savings programs - one to fit each of your needs. Whether you want to save for a rainy day, education, holiday purchases, vacation time, retirement or financial security, MCU has a savings plan for you. Save for your future - with the convenience of MCU. If you have established a Regular Share Account with MCU, other Club or Certificate accounts may be set up via the telephone.
Deposits can be made by: Payroll Deduction, Direct Deposit, Mail Deposits, After Hours Drop Box at the Cos Cob office, ATM at the Stamford office and
In Person at our offices.
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Regular Share Account:
Your Primary Account at MCU
- Minimum $5 deposit to open the account
- Earns dividends
- No monthly service charge*
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Money Market Account
- Earn a higher rate of dividends on your savings
- Minimum balance of $2500 to open account
- Dividends increase as balance increases
- No monthly service charge
- Three free withdrawals per month
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Need help balancing your account?
Anytime Advisor is available to help!
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Share Draft Checking Accounts:
The no fee checking account!
- No minimum balance
- No monthly service charge
- No per-check charge
- First 50 checks free
- Overdraft Protection availableDebit Card access for cash withdrawals and purchases
 
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Share Certificates:
Earn a higher yield on your money with a certificate account.
Terms from 3 months to 5 years
$500 minimum balance
$500 minimum balance for Planet M and Boom! members |
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Rewards Account:
The Rewards Account is our all-in-one share draft checking account that gives you the tools you need to manage your day-to-day financial needs. You even receive benefits once you are enrolled. The Rewards account requires a member to have seven basic services at the credit union which include:
- Savings Account
- Share Draft Checking Account
- Overdraft Protection
- Debit Card
- VISA Card
- Direct Deposit or $500.00 Payroll Deduction
- Applelink Audio Response or CU @ Home Internet Banking
Any member that has all of the above services will receive the following benefits:
- 0.25% Discount on posted loan rates (Excluding VISA, US Govt. Student Loans & Home Equity loans)
- 0.25% Bonus on posted certificate rates
- Waive the $4 fee for the return of cancelled checks or, up to 10 free copies of cancelled checks per year
Call MCU office to see how you can qualify to become a Rewards Account holder. |
Club Accounts:
The easy way to save for a special event or purpose.
Holiday Club
- Save with the Christmas Club account for all of your holiday expenses
- Automatic Disbursement: first week of November
Summer Pay Club
- For teachers who do not receive a paycheck during the summer months, this account will help you save during the school year for your summer expenses.
- Disbursement options during the summer available
"U" Name It Club Account
- Use this account to save for any purpose - U Name It
- These funds are kept separate from regular savings
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Planet M Youth Club
- For children ages 5 to 12
- Encourages children to save on a regular basis
Boom Teen Club
- For ages 13 to 18
- Prepares teens for adult financial situations
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Individual Retirement Accounts:
Check with your tax advisor, an IRA may be just what you need.
- Traditional IRAs & Roth IRAs available
- IRA funds are tax deferred
- Accumulative Accounts and Certificates available.
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