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Savings Accounts

Madison Credit Union offers a variety of savings and investment services to guide you through all of your long-term financial planning.

Regular Savings Account

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Just $5 and you unlock all the savings. With a minimum balance of $5, you are eligible for MCU’s wide variety of products and services including discounts on CarFax reports, free financial counseling, low loan rates and more! 

Your savings will start earning dividends with a balance of $100 or more. Dividends are calculated daily and credited to your account quarterly.

Youth Savings Account & Custodial Accounts

Teach the value of money early. Start your little one saving with a youth savings account or save for them with a custodial account. Both of these savings accounts start earning you dividends with a balance of only $5 or more!

Members under the age of 18 are required to have an adult member as a joint owner on the account. Custodial accounts will allow parents to save without the child having access to the funds in the account. Dividends are calculated daily and credited to your account quarterly. 

Savings for your little’s one’s college expenses? Check out our Coverdell Educational Savings Account.

Christmas Club

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Add the happy back into your holidays. This savings account takes the pinch out of the holiday season by allowing you to save at your own pace throughout the year. Deposits can be made automatically through online banking or your payroll direct deposit.

Balances are available to you on October 1st each year. Early withdrawal of funds will close the account until the following year. Dividends are calculated daily and credited to your account quarterly.

Vacation Club

Your dream vacation awaits. White sandy beaches, majestic mountain tops, bustling cities or Disney World, whatever your dream vacation, Vacation Club can help get you there. Easily set aside money every month with automatic deposits set up in online banking or direct through your payroll deposit. 

This account follows the same rules and offers the same benefits as our regular savings account. 

Organizational Accounts

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Organize your club’s finances. From bowling leagues to non-profit groups, these accounts are designed with businesses, clubs and organizations in mind. Members can elect one account manager or have multiple.

In order to qualify for the Organizational Club, the majority of the individuals listed on the account must fall into MCU’s field of membership. Standard savings dividends apply. 

Funeral Trust Accounts

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Saving for the unexpected. Funerals can be expensive and are often an unexpected cost for unprepared, grieving families. A funeral trust can help families pay for these expenses. 

Money deposited into Funeral Trust Accounts is paid out upon the member’s death, to the funeral home of choice. 

View All Savings Rates
Minimum to OpenMinimum Balance
for Dividends
Dividend RateAnnual Percentage
Regular Savings$5$1000.03%0.03%
Youth Savings (20 & Under)$5$1000.03%0.03%
Vacation Club$5$1000.03%0.03%
Christmas Club$5$1000.03%0.03%
Money Market$2,500
Below Minimum
Interest Checking$25$5000.02%0.02%