Membership Savings Account
As a member of Maps, you’re an owner of the credit union. All it takes to become a member is a minimum $5 deposit in a membership savings account, along with a one-time $10 membership fee. The money you deposit represents your share and ownership of the credit union.
The more you save, the more you earn.
- $100 minimum daily ending balance to earn dividends
- Interest rate based on balance
- No monthly service fee
|$100,000 and above
|$100,000 and above
Market Investor Disclosures
Share Savings (additional savings account)
Simple and dependable. Two things your savings account should be.
- Balance must average at least $100 daily to earn dividends
Sock away a little each month, and by the end of the year you’ll get a check to cover holiday gifts, property taxes, insurance and other year-end expenses. Who says there's no Santa Claus?
- Set aside a fixed amount each month
- Automatic distribution of funds in November
- No minimum balance to earn dividends
- $25 fee per early withdrawal
Kids need only $5 to open a Youth Savings account. Once it’s open, their deposits earn them stickers, snacks, toys and interest.
- No minimum to earn dividends
- No monthly service fee
- For children up to 17 years old
- Ages 0-13 need parent or legal guardian as joint owner
Rates good as of 5/01/2022 and are subject to change without notice. *APY = Annual Percentage Yield. Fees can reduce earnings.
Except as specifically described, the following disclosures apply to all accounts:
- Rate Information. The Dividend Rate and Annual Percentage Yield (APY) on your accounts are set forth above. The Annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the Dividend Rate and frequency of compounding for an annual period. For dividend-bearing accounts, the Dividend Rate may change periodically as determined by the Board of Directors. *On all Free Community Checking accounts, one cent per debit card transaction will be donated to the non-profit Maps Community Foundation. No dividends will be earned on the account and no donations will be deducted from the account.
- Nature of Dividends. Dividends are paid from current income and available earnings after required transfers to reserves at the end of a dividend period. On dividend-bearing accounts, the Dividend Period is based on a calendar month. The Dividend Rate and Annual Percentage Yield set forth above are accurate as of the Effective Date.
- Compounding and Crediting. Dividends will be compounded and credited as set forth on the Schedule. The Dividend Period for all dividend-bearing accounts begins on the first calendar day of the Dividend Period and ends on the last calendar day of the Dividend Period.
- Accrual of Dividends. Dividends will begin to accrue on cash and noncash deposits (e.g. checks) on the business day you make the deposit to your account.
- Balance Information. The minimum balance required to open each account, earn dividends and avoid a service fee is set forth on the Schedule. On all Maps checking accounts, Share Savings accounts, and Youth Savings accounts, the dividends are calculated and the minimum balances required to earn dividends are determined using the actual daily balance method. On Market Investor accounts, the daily balance to keep the account open is $100.
- IRA Information. The Monthly IRA Share Accounts-Traditional or Roth periodic deposits are required in the form of direct deposit, payroll deduction, or automatic transfers. Deposits shall be a monthly minimum of $50.00. Additional contributions may be made at any time as long as monthly contributions are still made. Once monthly contributions end the account will be transferred to a regular IRA Savings Account. Monthly IRA Share Accounts-Traditional or Roth are current year contributions only; prior year contributions, rollovers and transfers, internally or externally are not eligible. Premier IRA accounts will be assessed a $10 annual fee between January 15 and January 31. The fee will be deducted from the IRA principal, and does not count as a withdrawal for IRS purposes.
- Account Limitations. For a Christmas Club account, the account balance will be withdrawn or transferred automatically to you the first week in November (balance withdrawal date), and the account will remain open. On Christmas Club accounts, there is a withdrawal fee if you withdraw any of the account balance prior to the withdrawal date.
- Member Reward Accounts. Deposits into your Member Rewards account can only come from three sources: Round Up, Cashback Credit Card, and Reward Bonus (you cannot make deposits directly into a Member Rewards account).