| Balance | APY* |
|---|---|
| $100 – $2,499 | 0.05% |
| $2,500 – $9,999 | 3.01% |
| $10,000+ | 4.01% Best Rate |
| Protect your rate for 180 days!** | |
*Annual Percentage Yield (APY) may change at any time. This is a variable-rate, tiered savings account. The APY you earn depends on your account balance and applies to the entire balance within the applicable tier: 0.05% APY for balances of $100–$2,499.99, 3.01% APY for balances of $2,500–$9,999.99, and 4.01% APY for balances of $10,000 or more.
**180-Day Rate Protection: Newly opened Digital HYSA accounts receive a 180-Day Rate Protection Period beginning on the account opening date. During this period, your account will continue to receive the APYs and balance tiers in effect when the account was opened. As your balance changes, you may move between balance tiers and earn the APY associated with the applicable tier. If APYs increase during the 180-Day Rate Protection Period, your account will receive the benefit of the higher rates. After the 180-Day Rate Protection Period ends, your account will earn the APYs applicable to the then-current balance tiers in effect at that time.
Additional Information: Interest is calculated using the daily balance method, compounded monthly, and credited monthly. A minimum balance of $100 is required to earn dividends. Fees and transaction limits may apply and could reduce earnings. See the Account Agreement for complete terms and conditions.
Rates
Your rate grows with your balance
The higher your balance, the more you earn.
Open your account and lock in our top-tier rate for six months. Rates are variable and may change after the promotional period.
Savings Calculator
Know your worth.
To the penny.
Adjust the slider to your opening deposit and see your potential earnings instantly. Clear numbers, simple math, and full transparency. With Mitten Savings, you always know where you stand.
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*APY = Annual Percentage Yield
100% Digital Experience
Your money is always at hand with the Mitten Savings app
Check your balance, track your interest, and move money anytime, anyplace.
Account Details
Simply, what you need to save
What’s included in Mitten Savings High Yield:
- Electronic transfers to and from your linked account
- Paperless statements
- Real-time balance and interest tracking
- No minimum balance to open
- Secure digital support
- No monthly fees
Transfer guidelines at a glance
You can schedule transfers in the Mitten Savings app in minutes. Follow your deposits in the activity center, and plan for access to your funds 3 business days after the deposit arrives.
Frequently Asked Questions
Straightforward answers.
What is Mitten Savings, and how is it different from other savings accounts?
Mitten Savings is a digital-only high-yield savings account designed to help your money earn more with fewer rules. It offers a competitive rate, no monthly fees, and a simple online experience—without branch visits, fine print, or complicated requirements.
Who is eligible to open a Mitten Savings account?
Anyone who lives or works in Michigan can open a Mitten Savings account.
Are there any fees or minimum balance requirements?
No. Mitten Savings has no monthly maintenance fees and no minimum balance required to open or maintain the account, so your savings can grow without unnecessary costs eating into your earnings.
Is Mitten Savings really a “digital-only” account?
Yes. Mitten Savings is built to be managed entirely online, from opening your account to moving money and tracking your earnings. There’s no branch visit required, and account opening and online banking enrollment happen in one streamlined digital experience.
How do I fund my account and move money?
You can link one external bank account to fund your Mitten Savings and make transfers. This streamlined setup is intentional to keep your experience simple while supporting security and risk controls.
Is my money safe with a digital-only account?
Yes. Mitten Savings operates as a digital division of an established Michigan credit union, leveraging the same regulated infrastructure, operational oversight, and deposit protections while delivering a modern digital experience.
Will my rate change over time?
Mitten Savings’ rate is competitive and variable, meaning it may change based on market conditions. You’ll always see the current rate clearly displayed.
Start earning more, effortlessly
Open your high-yield savings account in minutes. No fees, no minimums, no hassle.
