Credit union · NCUA insured
Michigan Educational Credit Union Savings Rates
Michigan Educational Credit Union’s best savings rate is 0.20% APY on $10,000, with its Regular Share Savings. Rates checked October 16, 2026.
How Michigan Educational Credit Union’s savings rates compare
Compared with banks and credit unions near Detroit, MI, where Michigan Educational Credit Union has the most branches. $10,000, best rate first.
This credit union’s best
Michigan Educational Credit Union
0.20%APY
- Requires
- None
- Minimum
- $5
- Earns on $10,000 a year
- $20
Regular Share Savings
Top rate
Ignite Credit Union
5.00%APY
- Requires
- Monthly account activity
- Minimum
- $0
- Earns on $10,000 a year
- $500
2nd-highest rate
Flagstar Bank
4.00%APY
- Requires
- None
- Minimum
- $1
- Earns on $10,000 a year
- $400
Michigan Educational Credit Union savings score
69
Savings score
Higher than 23% of U.S. banks and credit unions
- $1,000 balance$1,0000.20%
- $10,000 balance$10,0000.20%
- $100,000 balance$100,0000.20%
- QualifiedQualified0.20%
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 Michigan Educational 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.
Regular Share Savings
0.20%APY
Must keep a minimum of $5 in the account at all times to remain a member of the Credit Union. No fee to maintain account.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $5 and upThe minimum balance is $5.00. Rates may change at any time. There is no fee to maintain a Share Savings account.$5 and up | 0.20% | $20 | The minimum balance is $5.00. Rates may change at any time. There is no fee to maintain a Share Savings account. |
Sources (2)
All captured Sep 18, 2026
Special-purpose accounts
Individual Retirement Account (IRA)
0.25%APY
A $50 minimum deposit is required to open an IRA share account. There are no fees or service charges levied against IRA share accounts. MECU offers Traditional and Roth IRAs.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceA $50 minimum deposit is required to open an IRA share account. There are no fees or service charges levied against IRA share accounts. The Annual Percentage Yields above are subject to change at any time.Any balance | 0.25% | $25 | A $50 minimum deposit is required to open an IRA share account. There are no fees or service charges levied against IRA share accounts. The Annual Percentage Yields above are subject to change at any time. |
Sources (2)
All captured Sep 18, 2026
Christmas Club
0.20%APY
Minimum balance requirement is $5. No fee to maintain account.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $5 and upThe minimum balance is $5.00. Rates may change at any time. There is no fee to maintain a Christmas Club account.$5 and up | 0.20% | $20 | The minimum balance is $5.00. Rates may change at any time. There is no fee to maintain a Christmas Club account. |
Sources (2)
All captured Sep 18, 2026
Vacation Club
0.20%APY
Minimum balance requirement is $5. No fee to maintain account.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $5 and upThe minimum balance is $5.00. Rates may change at any time. There is no fee to maintain a Vacation Club account.$5 and up | 0.20% | $20 | The minimum balance is $5.00. Rates may change at any time. There is no fee to maintain a Vacation Club account. |
Sources (2)
All captured Sep 18, 2026
Who can join Michigan Educational Credit Union
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Membership is open to anyone who lives, works, worships, or attends school anywhere in the State of Michigan.
Military, government and schools
- Membership is available to employees and retirees of educational institutions located in Wayne, Washtenaw, Oakland, Macomb, Livingston, and Jackson counties.
Family and household
- Membership is available to immediate family members of eligible members and family members (relatives by blood or marriage) of members.
Cost to join
- A $1 membership fee is required upon opening a membership account.
- An initial share deposit of $5 is required to open a membership account.
Membership information collected October 5, 2026.