Savings Accounts

Share Savings

Join McKesson Federal Credit Union with a minimum deposit of $25. Share balances over $200 earn dividends that are compounded and paid quarterly.

Youth Savings Account

This account is designed to help young savers learn the value of savings.  Accounts can be opened with as little as $25.00 and deposits can be made as often as necessary or through a parent or grandparent's payroll deduction.  All share balances earn dividends that are compounded and paid quarterly.

Share Certificates

Your minimum deposit of $1,000 yields highly competitive rates on certificates from 180 days to three years.

Money Market Deposit Account

The Money Market Deposit Account (MMDA) is a tiered rate account which will pay  premium rates above that of a regular share savings account.  To get the highest tier, you must maintain an average daily balance of $25,000 or more.  Lower tiered rates are paid for lesser average balances.  See the Savings Rates section for details.

Holiday and Vacation Club Accounts

Save for the holidays, vacations and special occasions with accounts that pay dividends yet require no minimum balance.  Fund your club account with a regular payroll deduction and you will be surpised how quick your money grows.

Traditional Individual Retirement Accounts (IRAs)

Earn tax deferred dividends on your 2019 or 2020 tax year IRA deposits with a $6,000 maximum individual annual contribution ($7,000 if over age 50). Other restrictions and limits do aply so please consult your tax advisor.  No fees are charged by McKesson Federal Credit Union to open or maintain your account and no minimum contribution is required. We gladly accept unlimited IRA and tax deferred rollovers.

Roth IRAs

Roth IRA offers members an easy and safe way to plan for the future. Your contributions are not tax-deductible but the earnings within a Roth IRA 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.  Other restrictions and limits do aply so please consult your tax advisor. Roth IRAs are attractive if you don't need the tax break right now. It's a more flexible investment because you can withdraw regular contributions at any time, tax-free and penalty-free. Plus, there's no mandatory distribution at age 70½.

View Savings Rates

If you have any questions about our membership requirements or any of our many products and services, please send us an email, call us or stop in at the main office or any of our branch offices. We are here to help you grow financially, to serve your immediate needs and to keep you on solid financial ground for the future. The entire credit union staff looks forward to serving you.