|
Mid American offers savings accounts for every purpose. There's no monthly service fee whenever a minimum balance of just $100 is maintained in any combination of deposit accounts. Dividends are calculated daily and are paid quarterly, except where noted otherwise. To apply for any savings account, simply click on the Membership Application box at the bottom of this page. If you work for one of Mid American's employee groups, you may use payroll deduction to make automatic deposits into your own account, or another family member's account. You can also make automatic transfers into most savings accounts from another account. Basic
Membership Savings / Life Insurance Savings
/ Christmas Savings / Payroll
Plus Savings Every member has a Basic Savings account that you can use for any purpose you have in mind. This account offers three free withdrawals per month. Nationwide ATM access is available on this account and this account can be used for Overdraft Protection. This account offers free life insurance, matching your savings balance up to $5,000. This account offers three free withdrawals per month. This account has age and physical requirements. The age requirements are:
You qualify for insurance subject to a Pre-existing Condition Limitation. Insurance benefits will not be paid if your death results from an illness or injury for which you received medical advice, consultation, or treatment within the 6-month period prior to the date that you make the deposit. This rule does not apply if either you die 6 months or more after the date of the deposit, or your savings balance is $500 or less. ATM access is available on this account and this account can be used for Overdraft Protection. Plan ahead for holiday expenses with a Christmas Savings account! Start your account at anytime, then make penalty-free withdrawals from October 1 to December 3l. ATM access is not available on this account and it cannot be used for Overdraft Protection. This exclusive savings plan is designed to encourage consistent, longer term savings through payroll deduction, for members who work at a Mid American payroll group or have direct deposit of their Social Security checks. A maintained minimum balance of $500 earns one of Mid American's highest dividend rates. This is a restricted access account, with one free withdrawal monthly. Non-payroll deduction deposits up to $500 may be made only during the first 90 days the account is open. ATM access is not available on this account and it cannot be used for Overdraft Protection. Regular deposits to a Vacation Savings account can help you prepare for that special getaway. This account offers three free withdrawals per month. ATM access is not available on this account, but it can be used for Overdraft Protection This account is used to accumulate and hold funds to purchase U.S. EE Savings Bonds through payroll deduction (click here to find out whether you are eligible for payroll deduction). At the end of the month when enough money has accumulated to purchase the designated bond denomination, money is transferred out and sent to the Federal Reserve Bank in Kansas City. The Federal Reserve then issues the bonds directly to the member. Click here to find out more about US Savings Bonds. ATM access is not available on this account, but it can be used for Overdraft Protection. Children and young adults through age 24 can take advantage of this special, no-fee savings account designed to meet their needs! ATM access is not available on this account and it cannot be used for Overdraft Protection. The Money Market account gives you a unique combination of benefits. It pays a higher yield than the Basic Membership Savings account and keeps your money liquid with three free withdrawals per month. Or you can order checks to access your Money Market account and can write up to three checks per month. Only $1000 is required to open and maintain your Money Market account, and a monthly service fee of $5.00 will be charged if your account balance falls below $1000. Dividends on the Money Market account are calculated daily as on other savings accounts, but are paid monthly. ATM access is not available on this account, but it can be used for Overdraft Protection. The IRA Savings account offers a great alternative for you if you are ready to start an IRA, but don't have the funds for a certificate. It pays a higher yield than a Basic Membership Savings account and can be either a Traditional or Roth IRA. You may deposit any amount at any time into this account. ATM access is not available on this account and it cannot be used for Overdraft Protection.
The Coverdell Educational Savings Account gives you the ability to save up for a child's (or children's) education, without opening a certificate. You may deposit any amount at any time into this account. Your deposit account is federally insured by the National Credit Union Administration, a U.S. Government Agency, to $100,000, so you never need to worry about the safety of your deposit accounts at Mid American Credit Union. Federal Deposit Insurance / Membership Application / 24 Hour Access / Dividend Rates |
|||||||||||||||
 Equal Housing Lender |
 Federally Insured by NCUA |
||||||||||||||
|
|||||||||||||||
| Mid American Credit Union - 8404 West Kellogg Drive, Wichita, Kansas 67209 - (316) 722-3921 * Fax (316) 722-0920 - macu@midamerican.coop - Site Developed By iNetic | |||||||||||||||
