In observation of Memorial Day, all CMCU branches will be closed on Monday, May 29.
Normal business hours will resume on Tuesday, May 30.

Savings Accounts

Start saving today and get the most from your savings account


Personal Savings

A simple savings account fit for everyone.

  • No minimum balance or penalties
  • Earns dividends
  • Access account information and transfer funds using internet or mobile banking
  • Can be used for overdraft protection on your CMCU checking account

Apply for a Savings Account

Savings

Open any of our savings accounts completely online.

apply now

Calculate Your Savings



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Open an Account

Money Market

It's a savings account with higher dividends! The more you deposit, the higher your return.

  • Seven rate tier levels that earn you higher dividends as you deposit more money
  • $2500.00 is required to open an account, that balance does not need to be maintained
  • No monthly fees or penalties
  • Can be used for overdraft protection on your CMCU checking account
  • Up to six electronic withdrawal transfers per month (excluding ATM or in-person withdrawals/transfers)

Youth Savings

Little Scholars

Help teach your child how to start saving with this account. They can watch their money grow and get rewarded along the way.

  • 0-12 years old
  • Earns higher dividends than personal savings
  • No monthly fees or penalties
  • Birthday Gift each year
  • Free gift with deposits $25+
  • At age 13, funds will automatically transfer to a Boom! Savings Account

Boom! Savings

Keep the savings habit strong with this savings account for teens.

  • 13-19 years old
  • Earns higher dividends than personal savings
  • No monthly fees or penalties

Boom! Certificate

A youth certificate that helps grow their money even faster!

  • 0-19 years old
  • 24-month term
  • Earns higher dividends than a regular certificate of the same term
  • Minimum opening deposit of $250
  • Maximum opening deposit of $7,500
 

My Goal Savings

A savings account centered on your goals! A "My Goal Savings" account allows you to create a reserved fund geared towards a specific life event or goal. Start saving today for a new house, renovations, college, a new car, a wedding, the holidays, children, a vacation or any other goal.

  • Create an automated deposit based on your budget and schedule which can change throughout the term of the account
  • Monthly deposits must total $20 - $400
  • Earns higher dividends than a Personal Savings account
  • Maturity date is one year from open date with the ability to set the date earlier. You have the ability to "catch-up" the deposit amount if you set an earlier maturity date on the day of account opening.
  • Ability to open an unlimited number of goal accounts
 

Certificates

You have worked hard to earn your money, now put your money to work for you. Invest your money in a certificate and earn higher dividends while having peace of mind that your money is safe and secure.

  • 3-60 month terms available
  • Earns higher dividends
  • Automatically renewable
  • Dividends compound monthly
  • $500 minimum deposit at account opening
  • Open a new certificate and check the current rates through your online banking account

IRA Savings

Explore two great ways to save for retirement or a child’s education—an IRA Savings Account or IRA Certificate

IRA Savings

Save for your future with tax-free growth or on a tax-deferred basis. An individual retirement account (IRA) can keep your money safe until you're ready to withdraw the funds for retirement or a child's education.

  • Earns dividends that are figured daily and compounded monthly
  • Tiered rate levels; the more you invest, the more you earn!
  • No monthly or yearly service charge or fees
  • Minimum opening deposit of $25
  • Available IRA Savings accounts include:
    • Traditional IRA
    • SEP IRA
    • Roth IRA
    • Simple IRA
    • Coverdell Education Savings Account
    • Roth & Roth Conversion

IRA Certificates

Invest your money and grow it safely with an IRA Certificate. Earn the steady dividend rate of a certificate with the tax-advantages of an individual retirement account.

  • Earns dividends that are figured daily and compounded monthly
  • Tiered rate levels; the more you invest, the more you earn!
  • No monthly or yearly service charge or fees
  • Minimum opening deposit of $3,000
  • Certificates are automatically renewable; early withdrawal penalty is forgiven if for a qualified distribution reason
  • 10-Day grace period at maturity

Save the Change

It's like an electronic coin jar! CMCU debit card purchases are automatically rounded up to the next whole dollar amount and are transferred from checking into this account. Save conveniently and watch your savings grow!

  • Save the ChangeEnroll in Internet Banking and eStatements and earn 1/2 percent higher dividend rate
  • No monthly fees or penalties
  • No minimum or maximum balance
  • Withdraw funds at anytime without losing dividends
  • Can be used for overdraft protection on a CMCU checking account (maximum of 6 automated electronic withdrawals per month)

Health Savings Account (HSA)

Help ease the pain of health care costs. Make tax-free deposits and withdrawals for qualified medical expenses.

Health Savings
  • Open to individuals and families covered by a high-deductible health insurance plan
  • Earn tax-free dividends while saving for future medical expenses
  • Easy access to your HSA account funds with a CMCU HSA debit card
  • Receive tax deductions on qualified contributions
  • At the end of the year, unused funds stay in your account for the next year

HSA Account FAQ

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