Savings Accounts

The basic account for any credit union membership is the Savings Account. That’s because it’s the right account for just about every family. And that’s why we have a long list of the right Savings Accounts for you to choose from.

Savings

It's hard to top a classic. When you become a MemberSource member, this is your first account. It takes only $5 to open and pays higher dividends than most other financial institutions. Dividends are paid and compounded monthly. And members receive a quarterly statement showing all account activity, and deposits. Withdrawals can be made in person or by mail.

Life insurance

Here's the right MemberSource account that'll work twice as hard for you. Not only does it provide all the benefits and peace of mind of a Savings Account, it also bundles a life insurance provision at no direct cost. The life insurance value matches up to $4000 of your savings balance up to age 55, which provides an extra benefit to a loved one.

Christmas Account

Instead of adding to your holiday debt, take advantage of the MemberSource Christmas Club Account. Save money throughout the year. Then, come November, those dollars you diligently socked away will be automatically transferred to your Savings Account. It's only $25 to open this account and you can set up payroll deduction or direct deposit to ensure that your balance continues to grow for the holidays.

There is a $10 fee for withdrawals on this account between February 1 and November 1. Accounts with a zero balance on February 1, will be automatically closed.

Money Market

Earn more for your money with this high-yield account. Start with as little as $2,500 to really put your money to work. Then to ensure we consistently offer the best rate, our Money Market Plus rate is adjusted each Monday based on the leading Money Fund average as published in the Wall Street Journal. There is a $25 fee if the account balance falls below $2,500.