MilWay Savings

Membership at MilWay Federal Credit Union begins with opening a Share Savings Account (savings in your credit union are called shares) with as little as a $5.00 deposit and $5.00 membership fee. This account makes all of our products and services available to you and your family members.

Just like banks, MilWay savings accounts are federally insured to at least $250,000 by the NCUA (National Credit Union Administration), an agency of the federal government.

MilWay SAVINGS ACCOUNTS

REGULAR SHARE SAVINGS

  • Only $5.00 deposit
  • $5.00 membership fee (non-refundable)
  • Dividends are earned daily and paid quarterly
  • No fee for the first two withdrawals per month ($1 charge per other withdrawals)
  • Quarterly statements with detailed account activity


SPECIAL SAVINGS

Our Special Savings Account provides a unique way to save money while earning a higher interest rate. This account is very similar to a CD, but your money is not tied up for any period of time.

  • Minimum balance of $5,000 required to open
  • Earns Interest
  • Dividends are earned daily and paid quarterly
  • No fee for the first two withdrawals per month ($1 charge per other withdrawals)
  • Quarterly statements with detailed account activity
  • If balance falls below $5,000, no penalties are charged. The account will simply draw less interest.


"YOU NAME IT" SAVINGS

This account is perfect for saving for the holidays, a vacation or any other special occasion or purchase! Start saving early and feel great knowing that your money is accumulating interest. Up to three You Name It accounts per regular share account. Here are just a handful of things you can start saving for today:

  • Family Vacation
  • Home Improvement
  • College
  • Wedding
  • Swimming Pool
  • Down payment for your dream vehicle or recreational vehicle
  • Christmas

View Savings Rates Link to Helpful Savings Calculators