Plus Checking pays you back
Enjoy the convenience of everyday banking with the added benefit of your money growing as you manage it.
How much interest can you earn on a Checking Account?
If you've searched for checking account interest rates, you may notice that credit unions use a different term—dividends. While banks typically pay interest on deposit accounts, credit unions pay dividends. For members, they serve the same purpose. It's the money you earn on the balance in your account.
0.05% APY1
Minimum daily balance required to earn APY is $2,500.00
The amount you earn depends on your account balance and the current dividend rate and Annual Percentage Yield (APY). With our dividend-bearing checking account, you can earn more than our Basic Checking account while continuing to use it for everyday purchases, bill payments, and direct deposits.
No Monthly Fees
Enjoy everyday checking with no maintenance fees, no minimum balance requirements, and no surprise charges.
24/7 Account Access
Access your account with mobile and online banking anytime, anywhere.
Free Mastercard® Debit Card
Make purchases and withdraw funds. Compatible with Apple Pay®, Google Pay™, and Samsung Pay®3.
Nationwide Access
Access your money wherever life takes you with 5,600+ branches and 30,000+ ATMs nationwide.
Get Paid Early
When you set up direct deposit, you can get access to your paycheck up to two days early.31
Peace of Mind
Your savings are federally insured up to $250,000 by the NCUA.
Smart Money Rewards with Your Checking
When you have at least $100 in direct deposit each month, you'll unlock exclusive rewards designed to make everyday banking easier, more convenient, and more secure.
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Overdraft Protection - Avoid costly overdraft fees when your balance runs low
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Free Card Replacements - We'll replace your lost, stolen, or damaged MIT FCU ATM or Debit Mastercard® at no cost, up to two times per year.
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Free Starter Checks - Receive one complimentary box of basic single checks. Simply call 781-423-2022 to place your order.
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Extensive Fee-Free ATM Access - Use thousands of surcharge-free ATMs through the SUM, CO-OP, MoneyPass, and Cirrus networks, plus enjoy 8 free transactions at non-network ATMs each month.
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ATM Fee Reimbursement - Receive up to $5 back each month on out-of-network ATM surcharges after your first 8 free out-of-network ATM transaction.
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Enhanced Card Fraud Protection - Added security to help protect your account and your purchases.
| Product | Minimum Daily Balance to Earn | Dividend Rate | APY 10 | Apply Now |
|---|---|---|---|---|
| Plus Checking | $2,500.00 | 0.05% | 0.05% | Open account |
| Basic Checking | N/A | N/A | N/A | Open account |
Always have a way to pay available with Mobile Wallet
Mobile wallets offer a safe, convenient way to pay with your MIT FCU cards. Our debit card can be used with Apple Pay®, Google Pay™, and Samsung Pay®3. Set up is easy and can be done in seconds.
Continue readingNeed to order checks?
Ordering checks is simple! We now partner with Main Street, Inc. for all check orders. First-time orders will begin with Check #101. You can quickly reorder checks or check the status of your order online by clicking the button below.
If your last order was before February 1, 2022, please contact us so we can help transition your account to our current check provider. You can reach us through the chat feature, by visiting a branch, or calling us at 781-423-2022 Monday-Friday between 8:00 a.m. and 5:00 pm.
Looking to get more for your money?
If you're looking to grow your savings even faster, consider pairing your checking account with a High Yield Savings Account or Certificate. With a higher dividend rate, the small differences add up over time.
Learn moreFinancial Wellness
Our Financial Wellness Blog offers practical tips, insights, and guides to ensure you’re taken care of every step of the way. To us, financial wellness goes beyond the numbers. We provide the tools and knowledge to reduce stress, build confidence, and foster smarter financial decisions.
How Much Should I Keep in My Checking Account?
Here are three reasons you want to keep your checking account well-padded at all times.
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What are the Benefits of an Interest-Bearing Checking Account?
Let’s take a closer look at what sets this account apart from others.
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All You Need to Know About Mobile Deposit
Check your account balance and transfer funds from the comfort of your home or while on the road.
Bank when and where you want
With mobile and online banking, two convenient branches on campus, access to over 30,000 ATMs, and 5,600 branches nationwide.
Download our highly rated mobile app!4
