Savings
Reach Your Savings Goals with MECU
MECU is fully committed to your financial future and provide savings account solutions that help you thrive. We take the time to get to know you and understand your personal situation. We embrace your goals as our own, doing everything we can to help you make the most of your money.
Whether you’re saving for a home, a holiday shopping spree, your kids’ college funds, or a way to get your children into the habit of saving money, we’ve got an account just for you.
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And you can invest with confidence, knowing that your accounts are insured up to at least $250,000 through the National Credit Union Administration (NCUA), an independent agency of the U.S. Government.
Regular Savings Accounts
Our Regular Savings account is a great savings tool, and the minimum share value in the account is only $1.00. Dividends are compounded quarterly. An average daily balance of $500 is required to obtain the disclosed Annual Percentage Yield. Accounts for children under the age of 18 will earn dividends for balances under $500. This membership account grants you ownership and voting privileges in Members Exchange.
Kasasa Saver Account
A Kasasa Saver Account is linked to your Kasasa Checking Account. With this account, you can earn high interest dividends and your Kasasa rewards can automatically be transferred into your Kasasa Saver. Click here for more information about Kasasa Saver and Checking Accounts.
First-Time Homebuyer Savings Accounts
Brand new in 2018, the First-Time Homebuyer Savings Account is a great opportunity for Mississippians to take advantage of tax savings while saving to buy their first home. Click here to read more about the First-Time Homebuyer Savings Account Program.
Money Market Accounts
For years, Money Market accounts have been the perfect way to earn a higher return on your investment without the risks associated with the stock market. Our money market accounts offer exclusive member advantages, complete liquidity, and convenient withdrawal access!
The minimum to open and to earn dividends is $2,500.00. No service fee if required minimum balance is maintained. Dividends are compounded and paid quarterly on the average daily balance.*
Share Certificates
Before you shop around for certificate rates, check with Members Exchange! We offer our members the highest rates available for terms of 3 to 60 months. A low $500 minimum deposit lets you maximize your yield with the complete security of NCUA insurance. You’ll also enjoy an interest rate that’s guaranteed throughout the term and interest that is paid monthly.
View Certificate Rates
Vacation and Holiday Savings Accounts
Our Vacation Club Savings and Holiday Savings Accounts are designed to help you save for those special times when you need a little extra money.
You can open either of these accounts at any time of the year. Dividends are compounded quarterly and an average daily balance of $500 is required to obtain the disclosed Annual Percentage Yield.*
Youth Savings Account
Our Youth Savings Accounts are a great way for parents to give their kids the opportunity to save and to manage their own accounts. It is never too early to begin saving and to learn financial responsibility. Anyone 17 and under can open an account at Members Exchange, with as little as a $1 deposit and there is no minimum balance to earn dividends!
How to Open a Youth Account:
- Visit one of our branch locations
- Account must be opened with an adult joint owner and the adult needs to present an unexpired government-issued ID such as a driver’s license
- Social Security Card and Birth Certificate for the minor are required in addition to a driver’s license or state ID if applicable
- Must be eligible for membership with Members Exchange