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MIT Federal Credit Union


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/12/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/12/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/12/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/12/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/12/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.mitfcu.org
617-715-4703
70 Westview St
Lexington, MA 02421

MIT Federal Credit Union is headquartered in Lexington and is the 20th largest credit union in the state of Massachusetts. It is also the 593rd largest credit union in the nation. It was established in 1940 and as of March of 2025, it had grown to 94 employees and 34,228 members at 4 locations. MIT Federal Credit Union's savings rates are 10X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in MIT Federal Credit Union is open to employees, retirees, students, and alumni of MIT. Employees of Draper Laboratories, Lincoln Laboratories, Broad Institute, Whitehead Institute, Novartis, or Toyota Research Institute also qualify for membership.
See current membership details

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Health
B+

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
NCUA #3830
Year Chartered1940
Employees94
Primary Regulator
Profit Margin
Return on Assets - YTD0.35%
Return on Equity - YTD3.91%
Annual Interest Income$7.3MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$721.4MM$732MM
LoansQ1 2025vs Q1 2024$553MM$593.3MM
DepositsQ1 2025vs Q1 2024$651.8MM$645.3MM
Equity CapitalQ1 2025vs Q1 2024$65.2MM$59.8MM
Loan Loss AllowanceQ1 2025vs Q1 2024$3.8MM$4.8MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$3.8MM$4.1MM
Real Estate OwnedQ1 2025vs Q1 2024$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/12/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/12/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/12/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/12/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/12/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

MIT Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%*$0$2kStarter Savings
OTHER TIERS: 0.05% → $2k+
3.00%$500-High Yield Savings
0.10%$25k-Select Savings Account
0.05%$100-Savings Account
0.05%$0-Holiday Club
0.05%$0-Vacation Club

MIT Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.75%*$10k*-High Yield Money Market - New Money
OTHER TIERS: 0.05% → $500 - $10k
0.40%*$500k*-Money Market Account
OTHER TIERS: 0.10% → $1k - $10k | 0.20% → $10k - $50k | 0.25% → $50k - $100k | 0.30% → $100k - $250k | 0.35% → $250k - $500k

MIT Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$10k-Select Checking
0.05%$2.5k-Plus Checking

MIT Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.80%$500-12 Month CD
3.75%$500-6 Month CD
3.75%$500-9 Month CD
3.75%$500-3 Month High Yield CD
3.50%$500-18 Month CD
3.00%$500-24 Month CD
2.50%$500-60 Month CD
2.50%$500-48 Month CD
2.50%$500-36 Month CD

MIT Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.80%$500-12 Month IRA
3.75%$500-6 Month IRA
3.75%$500-9 Month IRA
3.50%$500-18 Month IRA
3.00%$500-24 Month IRA
2.50%$500-60 Month IRA
2.50%$500-48 Month IRA
2.50%$500-36 Month IRA
0.05%$100-IRA Savings
Locations


MIT Federal Credit Union Locations
Corporate Office70 Westview StLexington, MA 02421-3142
Branch Office244 Wood St # LINA-100Lexington, MA 02421-6426
Branch Office84 Massachusetts AveCambridge, MA 02139-4300
Branch Office700 Technology SqCambridge, MA 02139-3557

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