Credit union · NCUA insured
MIT Federal Credit Union Savings Rates
Top CarrotMIT Federal Credit Union’s best savings rate is 3.25% APY on $10,000, with its High Yield Money Market. Rates checked October 15, 2026.
How MIT Federal Credit Union’s savings rates compare
Compared with banks and credit unions near Boston, MA-NH, where MIT Federal Credit Union has the most branches. $10,000, best rate first.
This credit union’s best
MIT Federal Credit Union
3.25%APY
- Requires
- None
- Minimum
- —
- Earns on $10,000 a year
- $325
High Yield Money Market
Top rate
Leader Bank
5.00%APY
- Requires
- Monthly account activity
- Minimum
- $10
- Earns on $10,000 a year
- $500
2nd-highest rate
Albright Credit Union
5.00%APY
- Requires
- Monthly account activity
- Minimum
- —
- Earns on $10,000 a year
- $500
MIT Federal Credit Union savings score
95
Savings score
Higher than 98% of U.S. banks and credit unions
- $1,000 balance$1,0005.00%
- $10,000 balance$10,0003.25%
- $100,000 balance$100,0003.25%
- QualifiedQualified3.25%
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 MIT 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.
Starter Savings
0.05%APY
A savings account requires a $5.00 minimum balance to open and must remain on deposit to maintain membership status. No monthly maintenance fees. Rates are variable and may change anytime after account opening.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $2,000Applies up to and including the first $2,000.00. | 5.00% | — | Applies up to and including the first $2,000.00. |
| $2,000 and upApplies on remaining balance above $2,000.00. Schedule states blended APY range of 5.00% - 0.05%. | 0.05% | $5 | Applies on remaining balance above $2,000.00. Schedule states blended APY range of 5.00% - 0.05%. |
Sources (2)
All captured Oct 15, 2026
High Yield Money Market
Up to 3.25%APY
No monthly maintenance fees. Rates are variable and may change anytime after account opening. Interest is compounded daily and paid monthly.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $500 and upNew money only (funds not currently on deposit at MIT Federal Credit Union). Minimum daily balance of $500.00 to earn stated rate. | 0.05% | $5 | New money only (funds not currently on deposit at MIT Federal Credit Union). Minimum daily balance of $500.00 to earn stated rate. |
| $10,000 and upNew money only (funds not currently on deposit at MIT Federal Credit Union). Minimum daily balance of $10,000.00 to earn stated rate. | 3.25% | $325 | New money only (funds not currently on deposit at MIT Federal Credit Union). Minimum daily balance of $10,000.00 to earn stated rate. |
Sources (1)
- mitfcu.org/bank/money-market · captured Oct 5, 2026
High Yield Savings
3.00%APY
A savings account requires a $5.00 minimum balance to open and must remain on deposit to maintain membership status. Rates are variable and may change anytime after account opening. No monthly maintenance fees.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $500 and upMinimum daily balance required to earn APY is $500.00.$500 and up | 3.00% | $300 | Minimum daily balance required to earn APY is $500.00. |
Sources (2)
All captured Oct 15, 2026
Money Market
Up to 0.20%APY
No monthly maintenance fees. Rates are variable and may change anytime after account opening. Interest is compounded daily and paid monthly. Rate varies by account balance.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $1,000 and upMinimum daily balance of $1,000.00 to earn stated rate. | 0.10% | $10 | Minimum daily balance of $1,000.00 to earn stated rate. |
| $10,000 and upMinimum daily balance of $10,000.00 to earn stated rate. | 0.20% | $20 | Minimum daily balance of $10,000.00 to earn stated rate. |
| $50,000 and upMinimum daily balance of $50,000.00 to earn stated rate. | 0.25% | — | Minimum daily balance of $50,000.00 to earn stated rate. |
| $100,000 and upMinimum daily balance of $100,000.00 to earn stated rate. | 0.30% | — | Minimum daily balance of $100,000.00 to earn stated rate. |
| $250,000 and upMinimum daily balance of $250,000.00 to earn stated rate. | 0.35% | — | Minimum daily balance of $250,000.00 to earn stated rate. |
| $500,000 and upMinimum daily balance of $500,000.00+ to earn stated rate. | 0.40% | — | Minimum daily balance of $500,000.00+ to earn stated rate. |
Sources (1)
- mitfcu.org/bank/money-market · captured Oct 5, 2026
Savings
0.05%APY
A savings account requires a $5.00 minimum balance to open and must remain on deposit to maintain membership status. Rates are variable and may change anytime after account opening. No monthly maintenance fees.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $100 and upMinimum daily balance to earn APY is $100.00.$100 and up | 0.05% | $5 | Minimum daily balance to earn APY is $100.00. |
Sources (1)
- mitfcu.org/bank/basic-savings-account · captured Oct 15, 2026
Special-purpose accounts
Holiday Savings
0.05%APY
Dividends compound daily and pay out monthly. Holiday club funds automatically transfer on October 15th. Initial deposit limit of $2,500. A savings account requires a $5.00 minimum balance to open and must remain on deposit to maintain membership status. Rates are variable and may change anytime after account opening.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Over $0Minimum daily balance to earn APY is $0.01. Initial deposit limit of $2,500.Over $0 | 0.05% | $5 | Minimum daily balance to earn APY is $0.01. Initial deposit limit of $2,500. |
Sources (1)
- mitfcu.org/bank/basic-savings-account · captured Oct 15, 2026
IRA Share (Traditional & Roth)
0.05%APY
A savings account requires a $5.00 minimum balance to open and must remain on deposit to maintain membership status. Rates are variable and may change anytime after account opening. Dividend Rate, APY, and earnings may vary for Traditional and Roth accounts.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $100 and upMinimum daily balance to earn APY is $100.00.$100 and up | 0.05% | $5 | Minimum daily balance to earn APY is $100.00. |
Sources (1)
- mitfcu.org/bank/basic-savings-account · captured Oct 15, 2026
Vacation Club
0.05%APY
Dividends compound daily and pay out monthly. Vacation club funds automatically transfer on June 15th. Initial deposit limit of $2,500. A savings account requires a $5.00 minimum balance to open and must remain on deposit to maintain membership status. Rates are variable and may change anytime after account opening.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Over $0Minimum daily balance to earn APY is $0.01. Initial deposit limit of $2,500.Over $0 | 0.05% | $5 | Minimum daily balance to earn APY is $0.01. Initial deposit limit of $2,500. |
Sources (1)
- mitfcu.org/bank/basic-savings-account · captured Oct 15, 2026
Who can join MIT Federal Credit Union
This may be incomplete or out of date, so check with the credit union before you apply.
Open to anyone
- Anyone not qualifying through other groups can become a member by joining the American Consumer Council (ACC).
Employers and groups
- Employees of select Cambridge and Lexington businesses or partner associations are eligible for membership.
Military, government and schools
- Members of the MIT community, including employees, students, alumni, faculty, and staff, are eligible for membership.
Family and household
- Immediate family members (parents, siblings, children, grandparents, spouses), partners, roommates, and household members of eligible individuals can join.
Cost to join
- A savings share account with a minimum balance of $5.00 is required to establish and maintain membership.
Membership information collected October 5, 2026.