Credit union · NCUA insured
THE LOCAL Credit Union Savings Rates
THE LOCAL Credit Union’s best savings rate is 0.30% APY on $10,000, with its Flexible Money Fund. Rates checked October 16, 2026.
How THE LOCAL Credit Union’s savings rates compare
Compared with banks and credit unions near Detroit, MI, where THE LOCAL Credit Union has the most branches. $10,000, best rate first.
This credit union’s best
THE LOCAL Credit Union
1.00%APY
- Requires
- Monthly account activity
- Minimum
- $1
- Earns on $10,000 a year
- $100
Kasasa Saver
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
THE LOCAL Credit Union savings score
77
Savings score
Higher than 43% of U.S. banks and credit unions
- $1,000 balance$1,0000.20%
- $10,000 balance$10,0000.30%
- $100,000 balance$100,0000.50%
- QualifiedQualified1.00%
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 THE LOCAL 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.
Kasasa Saver
Up to 1.00%APY
Must be linked to Kasasa Cash or Kasasa Cash Back account. Requires $1.00 lifetime membership deposit. Limit 1 account per SSN. Requires at least 1 direct deposit, ACH credit, ACH payment, or bill pay transaction, at least 12 debit card purchases, online banking log in, and e-statements per Monthly Qualification Cycle to earn higher rate tiers.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceWhen linked Kasasa Cash or Kasasa Cash Back qualifications are not met during Monthly Qualification Cycle; applies to all balances. | 0.05% | $5 | When linked Kasasa Cash or Kasasa Cash Back qualifications are not met during Monthly Qualification Cycle; applies to all balances. |
| Up to $75,000When linked Kasasa Cash or Kasasa Cash Back qualifications are met during Monthly Qualification Cycle. | 1.00% | $100 | When linked Kasasa Cash or Kasasa Cash Back qualifications are met during Monthly Qualification Cycle. |
Flexible Money Fund
0.30%APY
Must maintain a daily balance of $1,000 to earn dividends. Direct check writing with 6 free transactions per month by pre-authorized automatic, telephone, checks, drafts, debit cards, or other similar order.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Up to $1,000 | 0.00% | — |
| $1,000 – $2,500 | 0.20% | — |
| $2,500 – $20,000 | 0.30% | $30 |
| $20,000 – $50,000 | 0.40% | — |
| $50,000 – $100,000 | 0.40% | — |
| $100,000 and up | 0.50% | — |
Sources (2)
- thelocalcreditunion.com/services-tools/tools/rates.html
- thelocalcreditunion.com/accoun…flexible-money-fund.html
All captured Sep 18, 2026
Regular Share Savings
0.10%APY
No minimum balance requirement. $1 lifetime membership deposit required. 6 free pre-authorized transactions per month.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| $1 and up | 0.10% | $10 |
Daily Share Savings
0.05%APY
Establishes membership to THE LOCAL. Requires $1 lifetime membership deposit. No minimum balance requirement.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| $1 and up | 0.05% | $5 |
Escrow
0.05%APY
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| $1 and up | 0.05% | $5 |
Sources (1)
- thelocalcreditunion.com/services-tools/tools/rates.html · captured Sep 18, 2026
Special-purpose accounts
IRA/Roth Daily
0.30%APY
Covers Traditional and Roth daily IRA share savings.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Up to $1,000 | 0.15% | — |
| $1,000 and up | 0.30% | $30 |
Sources (1)
- thelocalcreditunion.com/services-tools/tools/rates.html · captured Sep 18, 2026
Christmas Club
0.05%APY
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| $1 and up | 0.05% | $5 |
Sources (1)
- thelocalcreditunion.com/services-tools/tools/rates.html · captured Sep 18, 2026
Vacation Club
0.05%APY
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| $1 and up | 0.05% | $5 |
Sources (1)
- thelocalcreditunion.com/services-tools/tools/rates.html · captured Sep 18, 2026
Who can join THE LOCAL Credit Union
This may be incomplete or out of date, so check with the credit union before you apply.
Employers and groups
- Anyone who is a member of a union local headquartered in Macomb, Oakland, or Wayne County is eligible to join.
Family and household
- All family members of eligible individuals are eligible to join.
Other ways
- Retirees receiving a pension or social security are eligible to join.
Membership information collected October 5, 2026.