The Summit Federal Credit Union Savings & Money Market Rates

How The Summit Federal Credit Union’s savings rates compare

Compared with banks and credit unions near Rochester, NY, where The Summit Federal Credit Union has the most branches. $10,000, best rate first.

This credit union’s best
The Summit Federal Credit Union
1.20%APY
Requires
None
Minimum
$0
Earns on $10,000 a year
$120
Money Market
Top rate
Family First Federal Credit Union
5.00%APY
Requires
Monthly account activity
Minimum
—
Earns on $10,000 a year
$500
Family First Federal Credit Union rates
2nd-highest rate
Northwest Bank
4.00%APY
Requires
None
Minimum
$1
Earns on $10,000 a year
$400
Northwest Bank rates

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Savings score

Higher than 72% of U.S. banks and credit unions

By balance

$1,000 balance$1,0000.05%
$10,000 balance$10,0001.20%
$100,000 balance$100,0002.00%
QualifiedQualified1.20%

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.

How the score works →

Where The 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.

RoundUp Savings

0.20%APYRequirements apply

Requires a checking account and Summit Visa Debit Card. No minimum opening deposit, no minimum balance to avoid fee, and no minimum balance to earn dividends.

Earnings on $10,000 over a year.
BalanceRequirement	APY	Earns on $10,000 a yearEarns	Requirement
Any balanceEarns 0.200% APY.Any balance	0.20%	$20	Earns 0.200% APY.

Sources (2)

All captured Oct 16, 2026

Primary Savings

0.05%APY$5 to open

Requires membership with The Summit FCU and maintaining payment of one share ($5.00 par value). Monthly Account Maintenance Fee of $5.95 applies, deducted from Primary Savings on the last day of the month, waived if monthly Combined Balance is $2,500 or greater, member is 22 or younger, member is 65 or older, or with qualifying direct deposit, 10 or more monthly debit POS transactions, or other exemptions.

Earnings on $10,000 over a year.
BalanceRequirement	APY	Earns on $10,000 a yearEarns	Requirement
$100 and upMinimum opening deposit is $5.00 par value. Minimum average daily balance of $100.00 required to earn dividends (fee waived for members <18 years of age). Monthly Account Maintenance Fee of $5.95 waived with $2,500+ combined balance or other qualifying criteria.$100 and up	0.05%	$5	Minimum opening deposit is $5.00 par value. Minimum average daily balance of $100.00 required to earn dividends (fee waived for members <18 years of age). Monthly Account Maintenance Fee of $5.95 waived with $2,500+ combined balance or other qualifying criteria.

Sources (2)

All captured Oct 16, 2026

Saver's 1000 Savings

0.05%APY

Subject to monthly Account Maintenance Fee of $5.95 unless meeting fee waiver criteria.

Earnings on $10,000 over a year.
BalanceRequirement	APY	Earns on $10,000 a yearEarns	Requirement
$100 and upMinimum average daily balance of $100 required to earn dividends (waived for members <18 years of age). Monthly Account Maintenance Fee of $5.95 applies unless waived.$100 and up	0.05%	$5	Minimum average daily balance of $100 required to earn dividends (waived for members <18 years of age). Monthly Account Maintenance Fee of $5.95 applies unless waived.

Sources (1)

summitfcu.org/disclosures/rate…vings-account-disclosure · captured Oct 16, 2026

Automatic Loan Payment Share

0.00%APY

Subject to monthly Account Maintenance Fee of $5.95 unless meeting fee waiver criteria.

Earnings on $10,000 over a year.
BalanceRequirement	APY	Earns on $10,000 a yearEarns	Requirement
Any balanceNo minimum balance to open and $0.00 minimum balance to earn dividends.Any balance	0.00%	$0	No minimum balance to open and $0.00 minimum balance to earn dividends.

Sources (2)

All captured Oct 16, 2026

Special-purpose accounts

MoneyMax

1.60%APYMoney marketAge limits$25,000 to open

Must be a member of The Summit Federal Credit Union ($5.00 par value share in Primary Savings required for membership). Requires $25,000 minimum opening deposit. A $10.00 monthly fee applies if the average daily balance falls below $25,000 in any given month. Minimum average daily balance of $1,500 required to earn dividends. A monthly Account Maintenance Fee of $5.95 applies to the member's account unless exempt (e.g., monthly Combined Balance is $2,500 or greater, age 22 and younger, age 65 and older, accounts open less than 3 months, 10 or more monthly debit card POS transactions posted during the month, non-profit organizations, or checking with at least one direct deposit received per quarter).

Earnings on $10,000 over a year.
Balance	APY	Earns on $10,000 a yearEarns	Requirement
$1,500 – $75,000Tiered rate applied to full balance based on average daily balance. $10.00 fee applies if average daily balance falls below $25,000 in any given month.	1.60%	$160	Tiered rate applied to full balance based on average daily balance. $10.00 fee applies if average daily balance falls below $25,000 in any given month.
$75,000 – $150,000Tiered rate applied to full balance based on average daily balance. $10.00 fee applies if average daily balance falls below $25,000 in any given month.	2.00%	—	Tiered rate applied to full balance based on average daily balance. $10.00 fee applies if average daily balance falls below $25,000 in any given month.
$150,000 and upTiered rate applied to full balance based on average daily balance. $10.00 fee applies if average daily balance falls below $25,000 in any given month.	2.35%	—	Tiered rate applied to full balance based on average daily balance. $10.00 fee applies if average daily balance falls below $25,000 in any given month.

Sources (2)

All captured Oct 6, 2026

Money Market

1.20%APYAge limits

Must be a member of The Summit Federal Credit Union ($5.00 par value share in Primary Savings required for membership). Average daily balance of at least $1,500 required to earn dividends. A monthly Account Maintenance Fee of $5.95 applies to the member's account unless exempt (e.g., monthly Combined Balance is $2,500 or greater, age 22 and younger, age 65 and older, accounts open less than 3 months, 10 or more monthly debit card POS transactions posted during the month, non-profit organizations, or checking with at least one direct deposit received per quarter).

Earnings on $10,000 over a year.
Balance	APY	Earns on $10,000 a yearEarns	Requirement
$1,500 – $10,000Tiered rate applied to full balance based on average daily balance.	1.10%	—	Tiered rate applied to full balance based on average daily balance.
$10,000 – $25,000Tiered rate applied to full balance based on average daily balance.	1.20%	$120	Tiered rate applied to full balance based on average daily balance.
$25,000 – $50,000Tiered rate applied to full balance based on average daily balance.	1.30%	—	Tiered rate applied to full balance based on average daily balance.
$50,000 and upTiered rate applied to full balance based on average daily balance.	1.60%	—	Tiered rate applied to full balance based on average daily balance.

Sources (2)

All captured Oct 6, 2026

IRA/Coverdell/Roth Savings

1.50%APYIRA

Available as Traditional IRA, Roth IRA, or Coverdell savings. No minimum opening deposit and no minimum balance required to earn dividends. Subject to IRS contribution and eligibility limits.

Earnings on $10,000 over a year.
BalanceRequirement	APY	Earns on $10,000 a yearEarns	Requirement
Any balanceNo minimum opening deposit or minimum balance required to earn dividends. Monthly Account Maintenance Fee of $5.95 applies unless meeting fee waiver criteria.Any balance	1.50%	$150	No minimum opening deposit or minimum balance required to earn dividends. Monthly Account Maintenance Fee of $5.95 applies unless meeting fee waiver criteria.

Sources (2)

All captured Sep 17, 2026

Health Savings Account (HSA)

0.62%APY on $10,000HSA

Tiered rates with minimum balance $100 required to earn dividends.

Part of the balance	Rate on that part
$100 – $2,500	0.25%
$2,500 – $10,000	0.75%
$10,000 and up	1.00%

On $10,000 the tiers blend to about 0.62% APY, earning $62 a year.

Sources (1)

summitfcu.org/checking-savings…/health-savings-accounts · captured Oct 16, 2026

Holiday, Vacation & Club Accounts

0.05%APYClub

Savings accounts designed for holiday, vacation, and other savings goals.

Earnings on $10,000 over a year.
BalanceRequirement	APY	Earns on $10,000 a yearEarns	Requirement
$100 and upNo minimum balance to open. Minimum balance of $100 required to earn dividends.$100 and up	0.05%	$5	No minimum balance to open. Minimum balance of $100 required to earn dividends.

Sources (1)

summitfcu.org/checking-savings/savings · captured Oct 16, 2026

Youth Savings Accounts (Safari Club / Forward Bound)

0.05%APYKids and teens$5 to open

Available for children and teens ages 0 through 17. Requires child's Social Security Number and membership eligibility. No account maintenance fee for members 22 years of age and younger.

Earnings on $10,000 over a year.
BalanceRequirement	APY	Earns on $10,000 a yearEarns	Requirement
Any balanceMinimum opening balance of $5.00. Minimum daily balance of $0.01 to earn dividends.Any balance	0.05%	$5	Minimum opening balance of $5.00. Minimum daily balance of $0.01 to earn dividends.

Sources (2)

All captured Oct 16, 2026

Who can join The Summit Federal Credit Union

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Visit institution website ↗Branches and institution details

← The Summit Federal Credit Union overview

How The Summit Federal Credit Union’s savings rates compare

The Summit Federal Credit Union savings score

Current savings rates

RoundUp Savings

Primary Savings

Saver's 1000 Savings

Automatic Loan Payment Share

Special-purpose accounts

MoneyMax

Money Market

IRA/Coverdell/Roth Savings

Health Savings Account (HSA)

Holiday, Vacation & Club Accounts

Youth Savings Accounts (Safari Club / Forward Bound)

Who can join The Summit Federal Credit Union