Savings Accounts

There's more than one way to save.

We have options to get you where you want to be, whether you're just starting out, a seasoned saver, or working towards a specific goal.

Ready to open an account?

Visit your local branch 877.MY.METRO Open Now

Membership Savings

  • The key to unlocking your membership benefits with Metro
  • Only $5.00 required as your member share amount
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My Reward Savings

  • Pays a higher rate of interest on balances up to $3,000.00
  • Account must be linked to My Reward Checking
  • Save Your Change - A convenient way to help you save by “rounding up” debit card purchases with the change deposited into your Metro savings account. Call 877.MY.METRO or visit a branch to enroll!
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High Yield Savings

  • The more you save, the more you earn
  • Premium rates on balances of $10,000.00 or more
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Club Accounts

  • Put money away for Christmas or a vacation...or both
  • With automated deposits, you'll never miss the money you save
  • Funds are distributed on October 1 for the Christmas Club and May 1 for the Vacation Club
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Money Market Account

  • Enjoy a higher rate on your savings
  • Easy access to your funds by check or ATM
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Savings Builder

  • Build your investment foundation
  • Start with as little as $10.00
  • When your balance reaches $500.00, it automatically converts to a 12 month CD
  • For every $500.00 you save, another 12 month CD is opened
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Certificate of Deposit

  • Lock in a guaranteed rate over a fixed period of time
  • Low minimum investment of $500.00
  • Terms from 3 months to 5 years
  • Interest is compounded daily and paid monthly for terms 1 year or greater
  • Terms less than 1 year earn simple interest
Open Now

IRAs

IRA Accumulator

  • Make weekly, bi-weekly, or monthly contributions
  • Spread your IRA contribution over the entire year, helping you to save regularly
  • Choose from Traditional or Roth IRA

IRA CDs

  • Lock in a lump sum contribution at a higher rate of interest
  • Terms from one to five years
  • Open with as little as $500.00
  • Choose from Traditional or Roth

Traditional IRA

  • Create a balanced, long-term savings plan that will help provide safety and security
  • Contributions may be deducted from your taxable income, reducing the income taxes you pay now.

Roth IRA

  • An easy and safe way to plan for the future.
  • Withdraw contributions any time, tax-free and penalty-free.
  • No mandatory distribution at age 70½.
  • Contributions are not tax-deductible, but the earnings are tax-free as long as your funds have been in the account for at least five years and you are either over age 59½, disabled, or buying your first home.

Questions? We have answers.

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Resources & Calculators

Products

By the Numbers

Effective 01.04.2021

ProductAPY1Interest RateMin Balance to Earn InterestMin Balance to Open

Membership Savings Account

0.10%0.10%$25.00$5.00

Christmas Club

0.10%0.10%$25.00$10.00

Vacation Club

0.10%0.10%$25.00$10.00

IRA Accumulator

0.50%0.50%$25.00$10.00

Roth IRA

0.50%0.50%$25.00$10.00

My Reward Savings**

2.00%1.98%Up to $3,000.00$5.00
0.10%0.10%Over $3,000.00-
1

Annual Percentage Yield. Rates are variable and subject to change after account opening without notice. Fees may reduce earnings. Dividends are compounded and paid monthly. Membership Savings Account/Secondary Savings accounts have a low balance fee of $2.00 if the average daily balance falls below $150.00, and there is no associated loan product. Annual Percentage Yield (APY) Earn 0.50% APY on balances up to $5,000.00 and 0.10% APY on balances greater than $5,000.00. For example: $5,000.01 earns 0.50% APY and a $10,000.00 balance earns 0.30% APY. Funds earn dividends from the business day of deposit and are compounded and paid monthly. **2.00% APY will be paid on the balance in your account up to $3,000. An interest rate of 0.10% will be paid on the remaining balance in your account that exceeds $3,000 with a $3,000.01 balance in your account earning 2.00% APY and a $4,000 balance in your account earning 1.53% APY, as examples. $5 minimum deposit to open. One My Reward Savings per person and must be linked to My Reward Checking. Rates may change after account opening. Funds earn dividends from the first business day of deposit and are compounded and paid monthly. Fees may reduce earnings.

High Yield Savings

Effective 01.04.2021

ProductAPY1Interest RateMin Balance to Earn InterestMin Balance to Open

High Yield Savings

0.25%0.25%Up to $9,999.99$10,000.00
0.30%0.30%$10,000.00 - $24,999.99-
0.35%0.35%$25,000.00 - $49,999.99-
0.50%0.50%$50,000.00 or more-
1

Annual Percentage Yield (APY), but may vary after account opening, is subject to change and is based on daily balances. Rates may change throughout the month and will affect the monthly interest payment. Fees may reduce earnings. Accounts cannot be accessed using ATM or Debit Card. $10,000 minimum opening deposit is required. Low balance fee of $25, if at any time during the month the end of day balance falls below $10,000. (New Money ONLY).

Money Market

Effective 03.01.2021

ProductAPY1Interest RateMin Balance to Earn InterestMin Balance to Open

Money Market

0.15%0.15%$2,000.00 - $9,999.00$2,000.00
0.20%0.20%$10,000.00 - $24,999.00-
0.25%0.25%$25,000.00 - $49,999.00-
0.30%0.30%$50,000.00 - $74,999.00-
0.35%0.35%$75,000.00 or more-
1

*Annual Percentage Yield (APY) as of 01.04.20, but may vary after account opening, and is subject to change and based on daily balances. This is a variable rate account and rates may change throughout the month and will affect the monthly interest payment. Minimum of $2,000 to open. On average daily balances below $2,000, rate will be comparable to the regular savings rate. Low balance fee of $5.00 if average daily balance is less than $2,000 and no associated loan product. Fees may reduce earnings.This account can only be opened online. New money only.

Certificates of Deposit

Effective 01.04.2021

ProductAPY1Interest RateMin Balance to Earn InterestMin Balance to Open

3 Months

0.25%0.25%$0.01$500.00

6 Months

0.50%0.35%$0.01$500.00

9 Months

0.35%0.35%$0.01$500.00

12 Months

0.35%0.35%$0.10$500.00

18 Months

0.50%0.50%$0.01$500.00

24 Months

0.75%0.75%$0.01$500.00

36 Months

0.95%0.95%$0.01$500.00

60 Months

1.05%1.04%$0.01$500.00

12 Month CD Special*

0.50%0.50%$0.10$500.00

18 Month Special*

0.60%0.60%$0.01$500.00

24 Month CD Special*

0.85%0.85%$0.01$500.00

12 Months Traditional/Roth IRA CD

0.45%0.45%$0.01$500.00

18 Months Traditional/Roth IRA CD

0.60%0.60%$0.01$500.00

20 Months Traditional/Roth IRA CD

0.85%0.85%$0.01$500.00

24 Months Traditional/Roth IRA CD

0.85%0.85%$0.01$500.00

36 Months Traditional/Roth IRA CD

1.05%1.04%$0.01$500.00

60 Months Traditional/Roth IRA CD

1.15%1.14%$0.01$500.00

12 Months Traditional/Roth Special IRA CD

0.60%0.60%$0.01$500.00

18 Months Traditional/Roth Special IRA CD

0.70%0.70%$0.01$500.00

24 Months Traditional/Roth Special IRA CD

0.95%0.95%$0.01$500.00
1

Annual Percentage Yield. CD rates are subject to change without notice. Terms less than 12 months earn simple interest paid at maturity. Dividends are compounded daily and paid monthly on terms greater than 12 months. 12, 18 and 24 Month CD Specials cannot be opened online, and cannot be combined with any other offer. Federal Regulations require a substantial penalty on funds withdrawn prior to maturity for all Certificate of Deposit (CD) accounts. Fees could reduce earnings on the account. Please see Metro’s Truth in Savings for Certificates of Deposit. *Cannot be opened online.

Fees may apply. See the Consumer Account Fee Schedule and the Membership Account Agreement for details.