Start with the Basics
The basic account for any credit union membership is the Savings Account. In fact it's the first account you'll open to become a credit union member. We have multiple types of savings accounts to suit your personal needs.
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 dividends. Dividends are paid and compounded monthly. Members receive a quarterly statement showing all account activity, and deposits. Withdrawals can be made in person, by mail or transferred online to other accounts.
Christmas Account
Instead of adding to your holiday debt, take advantage of the MemberSource Christmas Club 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 by saving money throughout the year. In November, those dollars you diligently socked away will be automatically transferred to your Savings Account. There is a $10 fee for withdrawals on this account between February 1st and November 1st.
Money Market Plus
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 fee if the account balance falls below $2,500.
Regulation D Important Information
The purpose of Reg D is to regulate the level of reserves a financial institution maintains. This regulation places a monthly limit on the number of transfers you may make from your Savings Account or Money Market Accounts without your physical presence being required. Read more about how Regulation D may affect your transactions.
