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Home > Saving & Investing> Savings Accounts

Regular Savings Account

A Michigan Schools and Government Credit Union Savings Account is the first step to other great benefits and is the foundation to your membership with the Credit Union.

Your Credit Union savings account allows you to easily save and earn interest on a regular basis and entitles you to these great features:

Is your money just lounging around in a bank? Put your money to work for you at MSGCU.

Regular Savings Account
APY*Dividend Rate
0.150% 0.150%

*APY = Annual Percentage Yield. $5 Minimum Balance Required.

Effective Date: Tuesday, August 22nd, 2017

 

 

You-Name-It Savings Account

Vacation. Tuition. New Furniture. Whatever you want to save for...is what you can name your Michigan Schools and Government Credit Union Secondary Savings Account (You-Name-It Savings Account).

You can open up to five You-Name-It Accounts, which feature:

  • No minimum balance
  • No monthly service charge
  • Interest accrued daily
  • Competitive quarterly dividends
  • May be used as Overdraft Protection
  • Unlimited use of Online Banking

Knowing where to place the money you are saving is a snap with an MSGCU You-Name-It Savings Account. Set yourself on the course of financial success, and open one today!

You-Name-It Savings Account
APY*Dividend Rate
0.150% 0.150%

No Minimum Balance Required, *APY = Annual Percentage Yield

Effective Date: Tuesday, August 22nd, 2017

 

Silver Savings Account

Looking for a savings account that will earn even more for you? Try a Silver Savings Account...the more money you invest, the more you'll get back in return! What better way to set your finances right by making your money work for you without hassle...

  • $100 minimum balance required to earn interest
  • No monthly service charge
  • No withdrawal penalty
  • Competitive monthly dividends
  • Earns dividends on a tiered balance scale
  • Option of Direct Deposit and Payroll Deduction
  • May be used as Overdraft Protection
  • Unlimited use of Online Banking
  • May open up to five Silver Share Accounts

Silver Savings Account
Average Daily BalanceAPY*Interest Rate
$100 - $2,499 0.200% 0.200%
$2,500 - $9,999 0.200% 0.200%
$10,000 - $19,999 0.250% 0.250%
$20,000 - $39,999 0.300% 0.300%
$40,000 and higher 0.450% 0.449%

*APY = Annual Percentage Yield. $100 Minimum Average Daily Balance Required to Earn APY.

Effective Date: Tuesday, August 22nd, 2017

 

 

Gold Savings Account

You worked very hard for your money...make it work even harder for you. Our Gold Savings Account is perfect if you're looking to deposit a larger amount of money...and receive a higher dividend yield. So set your finances right and save it here.

Gold Savings Account
Average Daily BalanceAPY*Interest Rate
$50,000 - $69,999 0.550% 0.549%
$70,000 - $89,999 0.600% 0.598%
$90,000 and higher 0.650% 0.648%

*APY = Annual Percentage Yield. $50,000 Minimum Average Daily Balance Required to Earn APY.

Effective Date: Tuesday, August 22nd, 2017

 

 

Holiday Club Account

Make the next holiday season an affordable one with a Holiday Club Account, which allows you to save money and earn a slightly higher interest rate than a Regular Share Savings Account. Setting your holiday planning right begins with this account especially designed for planned holiday spending.

On November 1, the money that you have saved throughout the year is automatically transferred into your Regular Share Account — so you will have funds in advance of your holiday shopping and can avoid accumulating large credit card bills!

  • Save at your own pace
  • Make unlimited deposits throughout the year
  • Earns annual dividends
  • Direct Deposit option available
  • No minimum balance requirements
  • No monthly service fees

 

Holiday Club Account
APY*Interest Rate
0.250% 0.250%

*APY = Annual Percentage Yield. No Minimum Balance Required.

Effective Date: Tuesday, August 22nd, 2017