Credit union · NCUA insured
Magnolia Federal Credit Union Savings Rates
Magnolia Federal Credit Union’s best savings rate is 0.20% APY on $10,000, with its Money Market Account. Rates checked October 22, 2026.
How Magnolia Federal Credit Union’s savings rates compare
Compared with banks and credit unions near Jackson, MS, where Magnolia Federal Credit Union has the most branches. $10,000, best rate first.
This credit union’s best
Magnolia Federal Credit Union
0.55%APY
- Requires
- Monthly account activity
- Minimum
- —
- Earns on $10,000 a year
- $55
PERKS Savings
Top rate
Huntington Bank
3.25%APY
- Requires
- Another account
- Minimum
- $100
- Earns on $10,000 a year
- $325
2nd-highest rate
Keesler Federal Credit Union
3.25%APY
- Requires
- None
- Minimum
- $0
- Earns on $10,000 a year
- $325
Magnolia Federal Credit Union savings score
70
Savings score
Higher than 27% of U.S. banks and credit unions
- $1,000 balance$1,0000.05%
- $10,000 balance$10,0000.20%
- $100,000 balance$100,0000.30%
- QualifiedQualified0.55%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where Magnolia Federal Credit Union ranks
By savings score, in each area where it has branches
Every rate
Current savings rates
Rates from the credit union’s website. Earnings assume the rate doesn’t change.
PERKS Savings
Up to 0.55%APY
Must be linked to a PERKS Checking account. To earn qualifying rate, linked PERKS Checking must meet monthly qualification cycle requirements: minimum 15 debit card transactions post and clear, monthly eStatements, and cumulative ACH deposits of $500 or more. One PERKS Savings per primary member SSN. Non-qualifying rate of 0.01% APY applies if requirements are not met.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceNon-qualifying rate earned on all balances if minimum requirements are not met. | 0.01% | $1 | Non-qualifying rate earned on all balances if minimum requirements are not met. |
| Up to $10,000Applies when linked PERKS Checking meets monthly qualifying requirements. | 0.01% | — | Applies when linked PERKS Checking meets monthly qualifying requirements. |
| $10,000 – $100,000Applies when linked PERKS Checking meets monthly qualifying requirements. | 0.55% | $55 | Applies when linked PERKS Checking meets monthly qualifying requirements. |
| Over $100,000Applies when linked PERKS Checking meets monthly qualifying requirements. Pays 0.01% APY on portion of balance over $100,000, resulting in blended APY range 0.01% - 0.55%. | 0.01% | — | Applies when linked PERKS Checking meets monthly qualifying requirements. Pays 0.01% APY on portion of balance over $100,000, resulting in blended APY range 0.01% - 0.55%. |
Money Market Account
0.20%APY
Tiered rate account; the dividend rate for a particular tier will apply to the entire account balance if the account balance is within the balance range for that tier. Dividend rate and APY may change monthly as determined by the Board of Directors.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| $2,500 – $20,000 | 0.20% | $20 |
| $20,000 – $500,000 | 0.30% | — |
| $500,000 and up | 0.45% | — |
Sources (1)
- magfedcu.org/accounts/savings/money-market-account · captured Oct 15, 2026
Military & First Responders
0.05%APY
Specialized account for military and first responders. Maintenance fee is $1.00 with eStatements, avoided by maintaining a $100.00 average aggregate account balance.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $100 and upMinimum daily balance of $100 required to earn dividends. Prospective rate as of 4/14/2023.$100 and up | 0.05% | $5 | Minimum daily balance of $100 required to earn dividends. Prospective rate as of 4/14/2023. |
Sources (2)
All captured Sep 19, 2026
Share Savings Account
0.05%APY
Board of Directors may change dividend rate and APY monthly. Maintenance fee is $1.00 with eStatements; fee avoided by maintaining a $100.00 average aggregate account balance.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $100 and upMinimum daily balance of $100 required to earn dividends. Prospective rate as of 4/14/2023.$100 and up | 0.05% | $5 | Minimum daily balance of $100 required to earn dividends. Prospective rate as of 4/14/2023. |
Special-purpose accounts
Maggie’s Youth Savers Club
0.20%APY
Available for young savers ages 0 to 12. Account automatically converts to a Regular Share Savings Account on child's 13th birthday. Minimum balance to open and maintain is $5.00. Rates prospective as of 5/17/2023. Rates may change monthly as determined by the Board of Directors.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $500Minimum daily balance of $0.00 - $500.00 to earn 3.50% APY. Minimum $5.00 deposit to open. | 3.50% | — | Minimum daily balance of $0.00 - $500.00 to earn 3.50% APY. Minimum $5.00 deposit to open. |
| Over $500Minimum daily balance of $500.01 and over. Dividend rate is 0.200%, resulting in blended APY range of 0.20%-3.50%. Minimum $5.00 deposit to open. | 0.20% | $20 | Minimum daily balance of $500.01 and over. Dividend rate is 0.200%, resulting in blended APY range of 0.20%-3.50%. Minimum $5.00 deposit to open. |
Sources (2)
All captured Sep 19, 2026
IRA Shares
0.50%APY
Traditional and Roth IRA share accounts available. No start-up fees or monthly/annual maintenance charges. Rates may change monthly as determined by the Board of Directors.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $100 and upAverage daily balance of $100 required to earn dividends. Prospective rate as of 4/14/2023. Traditional and Roth options available. No monthly/annual maintenance charges.$100 and up | 0.50% | $50 | Average daily balance of $100 required to earn dividends. Prospective rate as of 4/14/2023. Traditional and Roth options available. No monthly/annual maintenance charges. |
Sources (2)
All captured Sep 19, 2026
Christmas Club
0.10%APY
Restricts withdrawals except at a specific time of year (Christmas time). Penalties apply for early withdrawal. Dividend Rate and APY may change monthly as determined by Board of Directors.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceProspective rates as of 4/14/2023. Penalties apply for early withdrawal.Any balance | 0.10% | $10 | Prospective rates as of 4/14/2023. Penalties apply for early withdrawal. |
Sources (2)
All captured Sep 19, 2026
Vacation Club
0.10%APY
Restricts withdrawals except at a specific time of year (typically approaching summer). Penalties apply for early withdrawal. Dividend Rate and APY may change monthly as determined by Board of Directors.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceProspective rates as of 4/14/2023. Penalties apply for early withdrawal.Any balance | 0.10% | $10 | Prospective rates as of 4/14/2023. Penalties apply for early withdrawal. |
Sources (2)
All captured Sep 19, 2026
Who can join Magnolia Federal Credit Union
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Anyone who lives, works, worships, or attends school in Mississippi's Hinds, Madison, Rankin, Simpson, Copiah, Leake, Yazoo, or Scott Counties is eligible for membership.
Employers and groups
- Employees of this credit union are eligible for membership.
- Employees of Select Employer Groups (SEGs) partnered with Magnolia Federal Credit Union are eligible for membership.
Family and household
- Members of the immediate family or household of current Magnolia FCU members are eligible for membership.
Other ways
- Volunteers in the community are eligible for membership.
Cost to join
- There is no membership fee to join; opening a Share Savings account deposit represents your share(s).
Membership information collected October 4, 2026.