Savings

No matter who you are and what stage of life you are in, Meridian Trust has the right savings account to meet your needs. Having a savings account can help you plan for the future and have extra money in your pocket when you need it most. Check out our savings options below and start saving now!

  • Your membership at Meridian Trust all begins with a simple $10 deposit into a Savings Account. This is also known as a “Share Account,” since it represents one share of the credit union. Once you're a member, you have full access to the complete array of products, services, events, and education available from Meridian Trust. You become part of a wide network of thousands of members at one of the largest credit unions in the area.

    When you maintain a share balance of $100 or more, you will earn quarterly dividends.

    Rates

    Minimum Balance to Earn Dividends Rate APY*
    $100 0.10% 0.10%

    *Annual Percentage Yield. Members 60 years old and above, receive an additional 0.10% increase on new share certificates. Special promotional rates may not be combined with other offers. Fees could reduce the earnings on the account.

    Rates are declared by the Board of Directors and may change without notice. Rates above are effective as of January 3rd, 2018.

  • Teach kids savings habits while they're young. This educational approach will stay with them for a lifetime, putting them on the road to a brighter financial future.

    Saving is fun with Kirby Kangaroo! This program is specially designed for kids ages 12 and younger. In this program, kids learn how to save money so they can buy the things they want, or save for things they'd like to do, like go to college or buy their first car.

    Joining is easy. You can open a Kirby Kangaroo Club Savings Account with a $10 minimum deposit. Kids will earn dividends on the money they save. Dividends are paid quarterly.

    Benefits of membership include:

    • Every time you deposit $5 or more into your account, you'll get to select a prize from the Credit Union Treasure Chest
    • Meridian Trust Federal Credit Union rewards our youngest members every year with a special birthday postcard which kids can use to match their deposit of up to $5 during their birthday month
    • Access to the Kirby Kangaroo Club website that includes fun stories, games, jokes, and more. It changes all the time, so keep going back to see what Kirby's doing today
    • The Kirby Kangaroo newsletter, which is published and mailed three times per year

    At age 13, Kirby Kangaroo accounts are transferred to an exclusive Teen Savings Account called Claim Your Youth.

  • Our Teen Savings Account is exclusively for credit union members ages 13 to 19. At this stage of their lives, it's not about how much money they make, but how they choose to spend and save.

    Here teens learn how to turn a little into a lot and reach financial goals like going to college, buying a car, or even living on their own someday.

    Claim Your Youth benefits include:

    • Free debit card and Free box of checks. Open a checking account that includes a Visa Debit Card. You'll also receive a coupon for a free box of checks.
    • A Visa Credit Card is available for teen members under 21 with a parental co-signer. Credit qualifications for applicant and co-signer apply. This lets you develop credit experience.
    • Start investing. Make a 12-month, first-time share certificate deposit with as little as just $50. Make regular deposits and you’ll reach $500 in 12 months. When you reach a minimum balance of $500 by the time the share certificate matures, you will receive an additional .25% on the rollover share certificate.
    • Free eServices. Stay connected with your money using free mobile banking, free online banking, and free online bill pay.
    • Claim Your Youth website is geared just for teens and provides information on a wide variety of topics, along with financial calculators, original teen-written articles, and links to other helpful websites. 
  • Don’t get caught short of money when it’s time to buy gifts at holiday time. Start a Holiday Club account now. To help you save, this account requires a simple minimum monthly automatic deposit of just $10. You can contribute more per month in order to meet your goals. This account earns a higher rate on the first $1,000 and the regular savings rate on amounts above that. Start getting more for your money. Open a Holiday Club account now.

    Rates

    Minimum Balance to Earn Dividends Rate APY*
    Up to $1,000 3.94% 4.00%
    Over $1,000 0.05% 0.05%

    *Annual Percentage Yield. Fees could reduce the earnings on the account.

    Rates are declared by the Board of Directors and may change without notice. Rates above are effective as of October 1, 2017.

  • A Health Savings Account (HSA), when combined with a High Deductible Health Plan (HDHP):

    • Helps protect you against major healthcare costs
    • Provides a potential reservoir of savings if you don't need the HSA assets for medical expenses

    Benefits of an HSA:

    • Contributions are tax-deductible
    • Earnings are tax-deferred
    • Withdrawals can be tax-free
    • Balance carries over from year-to-year
    • Remains with you, regardless of change in coverage or employment

    You can use an HSA for:

    • Qualified medical expenses (such as doctor visits, prescription drugs, hearing aids, non-cosmetic dental treatments, etc.)
    • COBRA Insurance
    • Laboratory fees that are part of medical care
    • Qualified long-term care insurance and expenses
    • Funds may be used for eligible expenses for spouses or dependents, even if they are not covered by the HDHP

    Meridian Trust makes accessing the funds in your Health Savings Account easy with an HSA debit card.

    Rates

    Minimum Balance to Earn Dividends Rate APY*
    $100 0.05% 0.05%

    *Annual Percentage Yield. Penalty may be imposed for early withdrawal. Members 60 years old or better receive an additional 0.10% increase on all new share certificates. Special promotional rates may not be combined with other offers. Fees could reduce the earnings on the account.

    Rates are declared by the Board of Directors and may change without notice. Rates above are effective as of October 1, 2017.

  • Earn dividends without sacrificing on flexibility.

    Saving is made easy with a Meridian Trust Money Market account. Money Market accounts are for those who want easy access to their money and dividends that keep pace with the changing financial environment.

    Dividend rates for Money Market accounts are tiered, so you earn more as you save more. You can open a Money Market with a minimum deposit of $2,500. Rates can increase when your balance reaches $10,000, $25,000, $50,000, and $100,000.

    You'll enjoy unlimited in-person withdrawals without penalty or fee. And, you can make up to six electronic withdrawals each month without penalty. Plus, dividends are compounded monthly, so you earn more.

    Rates

    Minimum Balance to Earn Dividends Rate APY*
    $2,500 0.20% 0.20%
    $10,000 0.25% 0.25%
    $25,000 0.30% 0.30%
    $50,000 0.35% 0.35%
    $100,000 0.40% 0.40%

    *Annual Percentage Yield. Penalty may be imposed for early withdrawal. Members 60 years old or better receive an additional 0.10% increase on all new share certificates. Special promotional rates may not be combined with other offers. Fees could reduce the earnings on the account.

    Rates are declared by the Board of Directors and may change without notice. Rates above are effective as of August 1st, 2018.

For more information about Meridian Trust Savings Accounts, stop by your local branch, call 1.800.726.5644 or email us

 


NCUA LogoYour savings federally insured to at least $250,000 and backed by the full faith
and credit of the National Credit Union Administration, a U.S. Government agency.