Credit union · NCUA insured
Summit Federal Credit Union Savings Rates
Summit Federal Credit Union’s best savings rate is 0.55% APY on $10,000, with its Silver Money Market Checking. Rates checked October 16, 2026.
How Summit Federal Credit Union’s savings rates compare
Compared with banks and credit unions near Akron, OH, where Summit Federal Credit Union has the most branches. $10,000, best rate first.
This credit union’s best
Summit Federal Credit Union
0.55%APY
- Minimum
- $2,000
- Earns on $10,000 a year
- $55
Silver Money Market Checking
Top rate
CFBank
4.25%APY
- Minimum
- —
- Earns on $10,000 a year
- $425
2nd-highest rate
Flagstar Bank
4.00%APY
- Minimum
- $1
- Earns on $10,000 a year
- $400
Summit Federal Credit Union savings score
80
Savings score
Higher than 52% of U.S. banks and credit unions
- $1,000 balance$1,0000.20%
- $10,000 balance$10,0000.55%
- $100,000 balance$100,0000.55%
- 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 Summit 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.
Silver Money Market Checking
0.55%APY
Maximum of 3 withdrawals/checks per month; minimum withdrawal of $250. Compounded and credited monthly.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $2,000 and upMinimum balance of $2,000 required to earn dividend.$2,000 and up | 0.55% | $55 | Minimum balance of $2,000 required to earn dividend. |
Regular Share Savings
0.20%APY
Requires an initial minimum deposit of $5.00 representing share of ownership and a one-time $5 membership fee ($5.00 par value membership share). Daily dividends compounded and paid quarterly. Variable rate. Minimum balance of $5.00 required to maintain account and membership.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $101 and upQuarterly compounding. Minimum balance of $101 required to earn dividend. Variable rate.$101 and up | 0.20% | $20 | Quarterly compounding. Minimum balance of $101 required to earn dividend. Variable rate. |
Sources (3)
- summitfcu.com/sfcu-savings-accounts.aspx
- summitfcu.com/sfcu-savings-rates.aspx
- summitfcu.com/Data/Sites/28/fee-rate-schedule.pdf
All captured Sep 17, 2026
Special-purpose accounts
Club Savings Accounts
0.20%APY
Options include Christmas Club, Vacation Club, Education/Tuition Club, Tax Club, Insurance Club, or Name Your Own Club. Daily dividends compounded and paid quarterly. Variable rate. Withdrawals allowed anytime.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $101 and upQuarterly compounding. Minimum balance of $101 required to earn dividend. Variable rate.$101 and up | 0.20% | $20 | Quarterly compounding. Minimum balance of $101 required to earn dividend. Variable rate. |
Sources (3)
- summitfcu.com/sfcu-savings-accounts.aspx
- summitfcu.com/sfcu-savings-rates.aspx
- summitfcu.com/Data/Sites/28/fee-rate-schedule.pdf
All captured Sep 17, 2026
Individual Retirement Accounts (IRA Passbook)
0.20%APY
Available as Traditional IRA or Roth IRA. No minimum deposit required. One-time $5.00 set-up fee (IRA Accumulator Account fee). $15.00 termination fee. Variable rate on IRA Passbook accounts. Quarterly compounding.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $101 and upAll IRA Passbooks. Quarterly compounding. Minimum balance of $101 required to earn dividend. Variable rate. No minimum deposit required. $5.00 one-time set-up fee.$101 and up | 0.20% | $20 | All IRA Passbooks. Quarterly compounding. Minimum balance of $101 required to earn dividend. Variable rate. No minimum deposit required. $5.00 one-time set-up fee. |
Sources (3)
- summitfcu.com/sfcu-individual-retirement-accounts.aspx
- summitfcu.com/sfcu-savings-rates.aspx
- summitfcu.com/Data/Sites/28/fee-rate-schedule.pdf
All captured Sep 17, 2026
Who can join Summit Federal Credit Union
We don’t have this credit union’s membership requirements here yet. Confirm that you can join before applying.