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Savings

Regular Share Savings Accounts

Your share savings account represents on share of ownership in the credit union. Once this account is opened, it entitles you to the many benefits, products and services we offer. To open this account, you must deposit a minimum of $25.00. Dividends are paid monthly.

Other Share Savings Accounts

In addition to the regular share savings accounts, we offer other share savings accounts. They can be used for whatever purpose you want - you name it.

Holiday Club Account

This account is set up on a 52 week schedule to pay out the first week of November. You can start a new Holiday Club at anytime. This special account will assure you of funds when you most need them. Our Holiday Club Account has certain withdrawal limitations.

Vacation Club Account

You can save for vacation expenses in this special account. It can be started at anytime and funds can be withdrawn at any time.

Money Market Account

This is a savings vehicle geared to those members looking for a higher dividend rate and liquidity at the same time. This account requires a minimum balance of $2,500 with withdrawals limited to four per month.

Individual Retirement Accounts

IRA accounts provide you a way to save for retirement to the extent allowed by law. MiddConn Municipal Federal Credit Union offers the full range of Individual Retirement Account options as set forth in the Taxpayer Relief Act of 1997. This includes traditional IRAs, Roth IRAs and Education IRAs.

Share Certificates

Share certificates are available for those members seeking a higher dividend rate and can set aside funds for a longer period of time. Term share certificates require a minimum opening balance of $500 and have terms ranging from 90 days to 24 months. Dividend rates are tiered. The Credit Union pays higher dividend rates on balances of $10,000 or more and on balances of $20,000 or more. Dividends are paid monthly.

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