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Savings Accounts

    Savings Account

    Bump-Up Certificates

    We now have THREE special "bump-up" certificates available - 17, 28, and 39 months! 

    • 17-month: 2.91% APY*
    • 28-month: 3.23% APY*
    • 39-month: 4.06% APY*
    • $1,000 minimum
    • After 60 days, you can request a one time "bump-up" of your interest rate to the higher rate of that same term
    • Dividends are credited to your account every quarter
    • At maturity, the certificate will automatically transfer to your primary savings account 

    When you're ready to "bump-up" your rate, all you have to do is call us! 

    *Bump-up certificates: The certificate interest rate may be bumped up once during the term to the higher rate at the same term. The rate bump can be processed once the certificate has been opened for greater than sixty days. The stated annual percentage yield assumes that dividends will remain in the account until maturity, and a withdrawal will reduce earnings. Dividends are calculated using the daily balance method, which applies a daily periodic rate to the balance in the account each day. The minimum balance to open a bump-up certificate is $1000. No additional deposits are allowed after the certificate is opened. The certificate will transfer to the primary savings at maturity. Early Withdrawal Penalties: The penalty forfeiture equals 180 days dividends on the amount withdrawn, regardless of the Certificate term. If the amount withdrawn reduces the balance below the minimum balance, the Certificate will be closed. In the event that the certificate has not earned the dividend equal to the penalty, all dividends earned will be forfeited. The penalty will not be assessed against the original principal.

    Personal Savings Account

    All it takes is $5 to become a member AKA part-owner of the credit union! Already you've made a step up in banking by choosing to own your finances, unlike the mega-bank competitors that don't work for you.

    But the features don't end there:

    • Dividends paid quarterly
    • No minimum balance (after $5 membership)
    • No monthly fees when enrolled in estatements
    • Free direct deposit
    • Free online and mobile banking with mobile deposit

    Kasasa Saver® Account

    Make saving effortless with this free account that links to your free Kasasa Cash® or Kasasa Cash Back® checking. Your Kasasa® checking earnings automatically transfer in — meanwhile, Kasasa Saver pays a high rate of return.

    Kasasa Saver Features:

    • Links to free Kasasa Cash or Kasasa Cash Back checking
    • 0.25% APY* on balances up to $15,000
    • 0.05% APY* if qualifications are not met in Kasasa Cash or Kasasa Cash Back
    • No monthly maintenance fee
    • No minimum balance to earn rewards
    • Free direct deposit
    • Free online and mobile banking with mobile deposit

    *Qualification Information: Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account’s rewards. The following activities do not count toward earning account rewards: ATM-processed transactions or transfers between accounts. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning account rewards. “Monthly Qualification Cycle” means a period beginning one (1) day prior to the first day of the current month through one (1) day prior to the close of the current month. Reward Information: When your Kasasa Cash or Kasasa Cash Back account qualifications are met during a Monthly Qualification Cycle, the following rewards will be distributed to your accounts on the last day of the current statement cycle: Kasasa Saver: Balances up to $15,000.00 receive APY of 0.25%; and balances over $15,000.00 earn 0.15% interest rate on the portion of balance over $15,000.00, resulting in a range from 0.05% to 0.25% APY depending on the account’s balance. Kasasa Cash: Balances up to $15,000.00 receive a non-compounding APY* of 1.764%; and balances over $15,000.00 earn 0.15% interest rate on the portion of balance over $15,000.00, resulting in a non-compounding range from 0.15% to 1.764% APY* depending on the account’s balance. Kasasa Cash Back: 3.00% cash back on up to a total of $300.00 debit card purchases that post and settle to the account during that cycle period. A maximum of $9.00 cash back may be earned per Monthly Qualification Cycle. When Kasasa Cash or Kasasa Cash Back qualifications are not met, Kasasa Saver: All balances earn 0.05% APY. Kasasa Cash: All balances earn a non-compounding APY* of 0.05%. Kasasa Cash Back: No cash back payments are made. *When linked to the Kasasa Saver account, the dividends earned within the Kasasa Cash or Kasasa Cash Back account does not compound since it is automatically transferred to the Kasasa Saver account within one day. This automatic transfer may cause an overdraft to your Kasasa Cash or Kasasa Cash Back account if the account’s balance is less than the transferred amount when transfer occurs. APY = Annual Percentage Yield. APYs accurate as of 03/23/2020. Rates and rewards are variable and may change after account is opened. Fees may reduce earnings. Additional Information: Account approval, conditions, qualifications, limits, timeframes, enrollments and other requirements apply. $5.00 minimum deposit is required to open the account. Monthly direct deposit/ACH credit and enrollment in electronic statements are conditions of this account. Limit 1 account per social security number. A Kasasa Cash or Kasasa Cash Back account is required to have a Kasasa Saver account. A linked Kasasa Saver account is required for automatic savings. There are no recurring monthly maintenance charges or fees to open or close this account. Contact a Mutual 1st Federal representative for additional information, details, restrictions, processing limitations and enrollment instructions. Federally insured by NCUA. Kasasa, Kasasa Cash Back and Kasasa Saver are trademarks of Kasasa, Ltd., registered in the U.S.A.

    Money Market

    Money Market Account

    Hey pro-saver, let's step up your savings game to a Money Market account! You've done the leg work of saving your cash so now earn a higher payout! As your money continues to grow you'll keep earning dough while still being able to make withdrawals when you need cash. Can you say ca-ching?!

    Account Features:

    • Dividends paid quarterly
    • 6 free withdrawals per month
    • $2,500 minimum balance to earn dividends
    • $15 monthly fee waived on balances over $2,500
    • Access funds via check or transfers using online or mobile banking

    Your Money Market Account is safe and secure, insured up to $250,000 by the National Credit Union Administration (NCUA).

    Certificate Accounts

    Certificate Accounts

    Mutual 1st Federal certificates are a solid choice for your savings needs. You will receive attractive yields on terms from 6 to 60 months. Start a certificate today with as little as $1,000 and watch your money grow, on your terms.

    Certificate Account Features

    • Compounding interest allows the certificate to grow and reinvests the dividends, resulting in a higher yield
    • Option to receive certificate dividends as they are paid, instead of compounding
    • Fixed rates
    • Terms from 6 months to 5 years
    • Penalty for early withdrawal*
    • $1,000 minimum deposit
      • Student Certificates have a minimum deposit of $100, Funds can be added until age 24. 
    • Members are notified when certificates reach maturity
    • Certificates are automatically renewed 5 days after maturity unless otherwise requested*

    Our Save to Win certificates have unique features, view details here.

    IRAs (Individual Retirement Accounts)

    IRAs (Individual Retirement Accounts)

    Boost your retirement savings with a separate account from Mutual 1st Federal. We offer Traditional IRAs and Roth IRAs as additional savings options for you.

    Traditional IRA

    In a Traditional IRA, you are able to direct pre-tax income toward investments that can grow tax-deferred. However, you will be taxed on the money you take out during retirement.

    Roth IRA

    Contributions are taxed up front with a Roth IRA, but earnings are withdrawn tax-free as long as you are at least 59 ½, the account is at least 5 years old and you meet other income requirements. 

    We recommend consulting a tax advisor to help you make the best choice for IRAs, then call us or visit us to open the IRA that will work best for you.

    Our Members, Their Stories

    The service we received from Les was excellent! Very easy to work with and friendly.