Credit union · NCUA insured
Municipal Credit Union Savings Rates
Top CarrotMunicipal Credit Union’s best savings rate is 3.00% APY on $10,000, with its High Yield Savings. Rates checked October 16, 2026.
How Municipal Credit Union’s savings rates compare
Compared with banks and credit unions near New York, NY-NJ, where Municipal Credit Union has the most branches. $10,000, best rate first.
This credit union’s best
Municipal Credit Union
3.00%APY
- Requires
- None
- Minimum
- $100
- Earns on $10,000 a year
- $300
High Yield Savings
Top rate
Woori America Bank
5.00%APY
- Requires
- Monthly account activity
- Minimum
- $1,000
- Earns on $10,000 a year
- $500
2nd-highest rate
HSBC USA
4.40%APY
- Requires
- Monthly account activity
- Minimum
- —
- Earns on $10,000 a year
- $440
Municipal Credit Union savings score
89
Savings score
Higher than 90% of U.S. banks and credit unions
- $1,000 balance$1,0003.00%
- $10,000 balance$10,0003.00%
- $100,000 balance$100,0003.00%
- QualifiedQualified3.00%
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 Municipal 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.
High Yield Savings
3.00%APY
To earn the advertised 3.00% APY, member must deposit a minimum of $5,000 in New Money into the account. Until the New Money requirement is met, dividends accrue at the Hero Savings rate.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceRequires a total deposit of $5,000 in New Money. Once met, no minimum balance is required to earn the posted APY.Any balance | 3.00% | $300 | Requires a total deposit of $5,000 in New Money. Once met, no minimum balance is required to earn the posted APY. |
Sources (1)
- nymcu.org/rates · captured Sep 17, 2026
Money Market Account
0.90%APY
Membership is open to anyone who lives, works, worships, or attends school in New York City (NYC), and family members or household members of existing MCU members. A primary share account (Hero Savings Account, Smart Apple, or Youth Savings Account) is required to establish membership.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $10,000Variable rate account. Dividend rate and APY may change weekly as determined by Municipal Credit Union. | 0.65% | — | Variable rate account. Dividend rate and APY may change weekly as determined by Municipal Credit Union. |
| $10,000 – $25,000Variable rate account. Dividend rate and APY may change weekly as determined by Municipal Credit Union. | 0.90% | $90 | Variable rate account. Dividend rate and APY may change weekly as determined by Municipal Credit Union. |
| $25,000 – $50,000Variable rate account. Dividend rate and APY may change weekly as determined by Municipal Credit Union. | 1.51% | — | Variable rate account. Dividend rate and APY may change weekly as determined by Municipal Credit Union. |
| $50,000 – $100,000Variable rate account. Dividend rate and APY may change weekly as determined by Municipal Credit Union. | 1.76% | — | Variable rate account. Dividend rate and APY may change weekly as determined by Municipal Credit Union. |
| $100,000 and upVariable rate account. Dividend rate and APY may change weekly as determined by Municipal Credit Union. | 2.02% | — | Variable rate account. Dividend rate and APY may change weekly as determined by Municipal Credit Union. |
Sources (3)
- nymcu.org/personal-banking/savings/money-market-accounts
- nymcu.org/rates
- nymcu.org/hubfs/Disclosures/tr…ate-and-fee-schedule.pdf
All captured Oct 16, 2026
Hero Savings
0.05%APY
Membership required. Variable rate accounts; rate may change after account opening.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $500 – $1,000Minimum opening deposit of $0.01 is funded by MCU. | 0.01% | — | Minimum opening deposit of $0.01 is funded by MCU. |
| $1,000 – $4,000Minimum opening deposit of $0.01 is funded by MCU. | 0.01% | — | Minimum opening deposit of $0.01 is funded by MCU. |
| $4,000 – $50,000Minimum opening deposit of $0.01 is funded by MCU. | 0.05% | $5 | Minimum opening deposit of $0.01 is funded by MCU. |
| $50,000 and upMinimum opening deposit of $0.01 is funded by MCU. | 0.05% | — | Minimum opening deposit of $0.01 is funded by MCU. |
Sources (1)
- nymcu.org/rates · captured Sep 17, 2026
Special-purpose accounts
Youth Savings
0.05%APY
Open to members ages 13–21.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $1,000Earns 2.00% APY on balances up to $1,000. Maintaining a balance in excess of $1,000 does not reduce the rate on the first $1,000. | 2.00% | — | Earns 2.00% APY on balances up to $1,000. Maintaining a balance in excess of $1,000 does not reduce the rate on the first $1,000. |
| Over $1,000Tier applies to portion of balance above $1,000.00. | 0.05% | $5 | Tier applies to portion of balance above $1,000.00. |
Holiday Club Account
0.05%APY
Variable rate account. Accumulates funds throughout the year with a payout on November 1st, then automatically renews for a one-year cycle.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balancePayout on November 1st.Any balance | 0.05% | $5 | Payout on November 1st. |
Sources (3)
- nymcu.org/personal-banking/savings/club-accounts
- nymcu.org/hubfs/Downloads/truth-in-savings-notice.pdf
- nymcu.org/rates
All captured Sep 17, 2026
Vacation Club Account
0.05%APY
Variable rate account. Accumulates funds throughout the year with a payout on May 1st, then automatically renews for a one-year cycle.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balancePayout on May 1st.Any balance | 0.05% | $5 | Payout on May 1st. |
Sources (3)
- nymcu.org/personal-banking/savings/club-accounts
- nymcu.org/hubfs/Downloads/truth-in-savings-notice.pdf
- nymcu.org/rates
All captured Sep 17, 2026
IRA Share
Up to 0.01%APY
Individual Retirement Account share savings.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Up to $500 | 0.00% | — |
| $500 – $1,000 | 0.01% | — |
| $1,000 – $4,000 | 0.01% | — |
Sources (1)
- nymcu.org/hubfs/Disclaimers_05…ate-and-fee-schedule.pdf · captured Sep 17, 2026
Who can join Municipal 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 individuals who live, work, worship, or attend school in New York City (NYC).
Military, government and schools
- Membership is open to employees of New York State or Federal government agencies based in New York.
Family and household
- Membership is open to immediate family members or household members of existing MCU members.
Membership information collected October 5, 2026.