Help your child start saving with confidence.
Free ATM access
Competitive dividends
Manage via online and mobile banking
Starting strong with smart saving habits can make a big difference down the road. Our MoneyKids savings account, designed specifically for children 12 and under, will help your child learn the value of saving and set them on the path to financial independence. In addition, your child will also receive our bi-annual MoneyKids newsletter filled with financial tips and fun activities.
- Earn competitive dividends on deposits
- Free online and mobile banking
- No monthly fee*
- A simple way to give gifts, allowance, or savings for special occasions
- Teach your child how to set goals and manage their money
* Minimum opening deposit of $10 required. An account balalnce of $100 required after the first three months of membership to avoid a monthly minimum balance fee. View our fee schedule.
Account Dividends
| APY* | Dividend Rate | Minimum Balance |
|---|---|---|
| 0.05% | 0.05% | $0.00 to $1,000 |
| 0.10% | 0.10% | $1,000.01 and up |
2 Minimum balance for Regular Savings Account is $10.00.
Michigan First Credit Union Offers Peace of Mind with $500,000 Coverage!
At Michigan First, we go the extra mile for our members by making sure your money is protected. Deposits at Michigan First Credit Union are federally insured up to $250,000 by the National Credit Union Administration (NCUA). To further protect your deposits, Michigan First provides additional coverage through Excess Share Insurance (ESI), creating a combination of federal and private share deposit insurance that protects your deposits for a total of $500,000 — including savings accounts, checking accounts, money market accounts, and certificate accounts.
This combination of NCUA and ESI coverage ensures that:
- All individual savings, checking and certificate accounts held by the same member are added together and insured up to $250,000 by the NCUA and an additional $250,000 by ESI.
- All joint accounts held by the same member are added together and insured up to $250,000 by the NCUA and an additional $250,000 by ESI.
- All IRA accounts held by the same person are added together and insured up to $250,000 by the NCUA and an additional $250,000 by ESI.
Both ESI and NCUA offer coverage payable upon failure and liquidation of the credit union. In order to continue providing the expanded protection, Michigan First adheres to strict underwriting criteria and reports monthly to ESI. If you have questions regarding this valuable member benefit, please call 800.664.3828.
