Savings

University of Michigan Credit Union has savings options to help you make the most of your money. Whether you're looking for a basic savings account, saving for retirement or your next big purchase, UMCU has accounts to fit your needs.

 Fee Schedule

Money Market Savings

If you're looking for easy access to your money with a higher interest rate, then the Money Market Savings may be the right account for you. Simply maintain a $2,000* daily balance and you'll earn interest based upon the balance that you keep in your account. In addition to earning interest monthly, the Money Market Savings can also be used as a form of overdraft protection on your other UMCU account(s).

Account Balance Tiers

  • $2,000-4,999.99
  • $5,000-9,999.99
  • $10,000-$24,999.99
  • $25,000 +

Interest is paid monthly. Third-party transfers are limited to 6 per month in accordance with Regulation D requirements..

*You will receive a $5.00 monthly maintenance fee if the $500 daily balance is not maintained.

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