Savings Accounts

Savings Accounts

We believe that everybody needs a saving account and a strong savings plan. Missouri Central Credit Union recommends building a cushion of at least six months of expenses that can be used for emergency expenses or to cover an unexpected job loss. We have a team that is always ready to sit down with you to find the best savings account for you and we can help you compare saving accounts to maximize your saving account interest earned. We have a number of savings accounts to choose from, including some high interest savings accounts.

Primary Share Savings

The Primary Share Savings Account establishes membership at Missouri Central Credit Union.  A $25 deposit is the savings account minimum balance required, which allows you to maintain membership and receive all of the benefits that come with credit union membership.  The primary owners of this account are member/owners of Missouri Central Credit Union.

  • Interest is paid quarterly on average daily balances over $100.
  • There is no monthly service fee.

Secondary Share Savings

Keep track of your savings easily with separate savings accounts such as a vacation savings account, accounts for taxes, tuition, weddings or any different type of savings account you can imagine.  When you open your new account, you can choose a specific name for the account which makes it easy to differentiate between each of your accounts and see your balance.  A Missouri Central Credit Union Secondary Share Savings Account has no minimum balance.

  • Interest is paid quarterly on average daily balances over $100.
  • No monthly service fee.

Christmas Club Account

Christmas is a time of joy and giving, but that often comes with the stress of the financial aspect of gift giving. With a Missouri Central Credit Union Christmas Club Savings Account you can take the stress out of holiday shopping by planning and saving for the holidays all year long. You can establish regular deposits through direct deposit, which takes all the stress and effort out of saving for the holidays. The balance of the account is automatically transferred to the Primary Share Account in mid-October each year.

  • Interest is paid quarterly on the average daily balance.

Premier Money Market Account

Missouri Central Credit Union offers a money market savings account that affords you ample access to your funds, while still offering some of the best interest rates available. Six withdrawals per month are allowed; three of these can be by check.

  • Interest is paid monthly on average daily balances over $100.
  • There is no monthly service fee.

Share Certificates of Deposit

A certificate of deposit is a great way to make your money work for you.   A certificate of deposit is a savings account with a specific term from 6 to 36 months with a higher rate of interest than a regular savings account.   A certificate of deposit can be purchased on their own as a single certificate, or you can have multiple certificates that mature at different times, which can make these a great tool as you build your savings plan. You can open a Share Certificate of Deposit with as little as $500.  Interest rates can vary dependent on terms from 6 to 36 months.  Certificates may also be used as collateral for a loan.

  • Interest is paid quarterly on the average daily balance.   There is a penalty for early withdrawal.

Missouri Central Credit Union Business Accounts

Small Corporations, associations, home-based businesses, and organizations all know that running a business is incredibly time consuming.  It’s important that your commercial business accounts be as simple, convenient, and hassle free as possible to allow you to do what you do best – run your business.

Business Savings

Business Savings is required to establish membership at Missouri Central Credit Union.

  • $25 minimum deposit
  • Interest paid quarterly on the average daily balance over $100
  • Three free assisted withdrawals per quarter
  • Open secondary business savings accounts to keep your business finances organized
  • Credit Union personal membership is available to your employees

Business Money Market

Missouri Central Credit Union Business Money Market accounts provide higher earnings potential than a regular savings or checking account, but provide the convenience and liquidity of both.

  • No monthly service charge
  • Six withdrawals per month are allowed; three of these can be by check
  • Free access to your account with CU OnLine
  • Interest is paid monthly on the average daily balance when the average daily balance is at least $1,000