Credit union · NCUA insured
Mayo Employees Federal Credit Union Savings Rates
Top CarrotMayo Employees Federal Credit Union’s best savings rate is 1.45% APY on $10,000, with its Money Market. Rates checked October 16, 2026.
How Mayo Employees Federal Credit Union’s savings rates compare
Compared with banks and credit unions near Rochester, MN, where Mayo Employees Federal Credit Union has the most branches. $10,000, best rate first.
This credit union’s best
Mayo Employees Federal Credit Union
1.45%APY
- Minimum
- $2,500
- Earns on $10,000 a year
- $145
Money Market
Top rate
Altra Federal Credit Union
3.75%APY
- Minimum
- $0
- Earns on $10,000 a year
- $375
2nd-highest rate
Luminate Bank
3.50%APY
- Minimum
- —
- Earns on $10,000 a year
- $350
Mayo Employees Federal Credit Union savings score
87
Savings score
Higher than 77% of U.S. banks and credit unions
- $1,000 balance$1,0000.05%
- $10,000 balance$10,0001.45%
- $100,000 balance$100,0002.30%
- QualifiedQualified1.45%
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 Mayo Employees 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.
Premium Money Market
Up to 3.40%APY
Minimum deposit to open is $20,000. Minimum balance required to earn stated rate is $20,000, otherwise the regular savings rate applies. Allows four withdrawals each month with a minimum withdrawal of $500. Dividends are compounded and paid quarterly. Rate may change after account is opened.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $20,000 – $50,000Rate may change after account is opened. | 1.85% | — | Rate may change after account is opened. |
| $50,000 – $100,000Rate may change after account is opened. | 2.00% | — | Rate may change after account is opened. |
| $100,000 – $250,000Rate may change after account is opened. | 2.30% | — | Rate may change after account is opened. |
| $250,000 – $500,000Rate may change after account is opened. | 2.65% | — | Rate may change after account is opened. |
| $500,000 – $750,000Rate may change after account is opened. | 2.90% | — | Rate may change after account is opened. |
| $750,000 – $1,000,000Rate may change after account is opened. | 3.05% | — | Rate may change after account is opened. |
| $1,000,000 and upRate may change after account is opened. | 3.40% | — | Rate may change after account is opened. |
Sources (2)
All captured Oct 5, 2026
Money Market
1.45%APY
Minimum deposit to open is $2,500. Minimum balance required to earn stated rate is $2,500, otherwise the regular savings rate applies. Allows four withdrawals each month with a minimum withdrawal of $500. Dividends are compounded and paid quarterly. Rate may change after account is opened.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $2,500 – $10,000Rate may change after account is opened. | 1.15% | — | Rate may change after account is opened. |
| $10,000 – $20,000Rate may change after account is opened. | 1.45% | $145 | Rate may change after account is opened. |
| $20,000 – $50,000Rate may change after account is opened. | 1.85% | — | Rate may change after account is opened. |
| $50,000 – $100,000Rate may change after account is opened. | 2.00% | — | Rate may change after account is opened. |
| $100,000 and upRate may change after account is opened. | 2.30% | — | Rate may change after account is opened. |
Sources (2)
All captured Oct 5, 2026
Savings
0.20%APY
Must keep a balance of $5 in savings to retain MEFCU membership. No monthly fee. Dividend-bearing, compounded and paid quarterly. Rate may change after account is opened. Insured up to $400,000. Sub-savings accounts available for specific goals.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $2,500Variable dividend rate of 0.05% (0.05% APY) for balances $0 - $2,499.99. Minimum $5 balance required to maintain membership. | 0.05% | — | Variable dividend rate of 0.05% (0.05% APY) for balances $0 - $2,499.99. Minimum $5 balance required to maintain membership. |
| $2,500 – $20,000Variable dividend rate of 0.20% (0.20% APY) for balances $2,500 - $19,999.99. Minimum $5 balance required to maintain membership. | 0.20% | $20 | Variable dividend rate of 0.20% (0.20% APY) for balances $2,500 - $19,999.99. Minimum $5 balance required to maintain membership. |
| $20,000 and upVariable dividend rate of 0.30% (0.30% APY) for balances $20,000+. Minimum $5 balance required to maintain membership. | 0.30% | — | Variable dividend rate of 0.30% (0.30% APY) for balances $20,000+. Minimum $5 balance required to maintain membership. |
Sources (2)
All captured Oct 16, 2026
Special-purpose accounts
Health Savings
0.50%APY
Available to members enrolled in a high-deductible health care plan to save funds for qualified medical expenses using pre-tax dollars. Variable rate may change after account is opened.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceMinimum opening deposit is $5. Variable rate may change after account is opened.Any balance | 0.50% | $50 | Minimum opening deposit is $5. Variable rate may change after account is opened. |
Sources (3)
- mayocreditunion.org/individual-retirement-accounts.html
- mayocreditunion.org/rates.html
- mayocreditunion.org/savings-accounts.html
All captured Oct 16, 2026
IRA & ESA Savings
0.50%APY
Available for Traditional and Roth IRAs as well as Coverdell Education Savings Accounts (ESA). Variable rate may change after account is open. Deposits can be made via payroll deduction.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceVariable dividend rate of 0.50% (0.50% APY). Rate accurate as of specified date and may change after account is open.Any balance | 0.50% | $50 | Variable dividend rate of 0.50% (0.50% APY). Rate accurate as of specified date and may change after account is open. |
Sources (2)
All captured Oct 16, 2026
Who can join Mayo Employees Federal Credit Union
This may be incomplete or out of date, so check with the credit union before you apply.
Employers and groups
- Employees of Mayo Clinic (and affiliated entities) are eligible for membership.
- Retirees of Mayo Clinic (and affiliated entities) are eligible for membership.
- Volunteers of all Mayo-affiliated entities are eligible for membership.
Military, government and schools
- Students of Mayo Clinic are eligible for membership.
Family and household
- Relatives of current MEFCU account holders are eligible for membership.
- Blood or adoptive relatives, stepfamily members, household relationships, or family members in the care of qualifying Mayo Clinic employees, retirees, volunteers, students, or account holders are eligible for membership regardless of age or location.
Membership information collected October 4, 2026.