Savings Accounts

Open a

Mission Fed Savings Account with easy online access

. Whether you’re looking to save for a “rainy day,” holiday expenses, your child’s future or a special occasion, a Mission Fed Savings Account can help you reach your financial goals. Plus, you can manage your Savings Account Online.

When you open a Savings Account with us, you’ll benefit from competitive rates, online Savings Account access 24/7, our Mission Fed Mobile Banking App with Mobile Deposit and no monthly usage fees or minimum balance requirements. Compare Mission Fed’s Savings Account options in the chart below to find the right one for you.

Options Standard Summer or Holiday Saver Youth
  Save any amount and get a competitive rate
Earn higher dividends when saving for a gaol
A starter Savings Account for children
Best for Standard Savings account Save for summer or holiday cash Ages birth through 17
Dividends Competitive rates
Earn dividends on any balance.
Higher rates than Standard Savings Competitive rates
Earn dividends on any balance.
Initial deposit $1 minimum $20-500 $1 minimum
Monthly fee None
Balance requirement   $20-$500 Monthly Transfer  
Online/phone access Free, 24/7
Multiple accounts Have up to 7 with unique names One Holiday and one Summer Saver Account per member Joint account with parent/legal guardian; ages 16 & 17 with valid government-issued ID do not require parent/legal guardian
Checking overdraft protection Yes N/A
CO-OP ATM 8 per month N/A 8 per month
Mission Fed ATM Unlimited free use N/A Unlimited free use

How to open a Savings Account

Applying for a Savings Account with Mission Fed is easy. Whether you open your account online using the button above, over the phone or in person at any of our branches, we’re here to help make the process as fast and simple as possible. To open a Savings Account, you’ll need:

  • Proof that you live, work or go to school in San Diego County
  • Your Social Security Number
  • A valid government issued ID
  • A small initial deposit starting at $1 for a Standard or Youth Savings Account and $20-$500 for a Summer or Holiday Saver Account

After that, you can begin saving money for whatever you need!

Apply in the branch

Make an appointment to open a Savings Account in person. Choose the time and place that’s convenient for you with our easy online reservation system.

Mission Fed Checking and Savings Accounts are important for personal financial management and have different purposes. Checking Accounts are great for covering general expenses because you can use them as much as you want for your daily transactions; however, for saving, they are not ideal because they traditionally offer lower dividend rates and, depending on the type of account, may have fees. While a Savings Account is meant to help you save money, you can make up to 6 preauthorized or automatic transfers and/or withdrawals a month from your Savings Account by Online Banking, telephone or electronic services.

Why open a Savings Account?

Mission Fed Savings Accounts have no monthly fees and pay dividends on your balance. Because a Savings Account offers a higher return on your savings, it’s easier to earn as you let your money build up. Additionally, because you won’t be withdrawing money from your Savings Account daily like you would a Checking Account, it’s less likely that you’ll accidentally eat into your savings with this separate account. Finally, a Savings Account is a great way to reach a financial goal, helping you make deposit goals so you can watch your money grow.

Depositing or transferring money into a Savings Account helps you earmark money for special occasions or goals. In fact, Mission Fed Savings Accounts have great features that help you save, including the ability to categorize your savings and add savings goals. You can set money aside for future Home Loan payments, create an emergency fund or save for an upcoming vacation getaway. And, because we want you to be able to access your funds when you need to, you can manage your online Savings Account anytime day or night with Online Banking and our Mobile Banking App.

Who should have a Savings Account?

If you’re interested in saving money, it’s worthwhile to have a Savings Account, and if you want online Savings Account access, open an account at Mission Fed. We offer a Savings Account that’s right for your needs. Whether you’re saving for college, saving for the holidays or are working towards your first Home Loan down payment, we have an account for you. We even offer the option of having up to seven Standard Savings Accounts so you can have multiple accounts with unique names and purposes. We want to help you achieve your financial milestones, which we call Mission Fed Moments, and our Savings Accounts can help you reach them.

Why choose Mission Federal Credit Union for a San Diego Savings Account?

If you live, work or go to school in San Diego County, you’re eligible to apply for a Savings Account at Mission Fed, where you’ll find competitive rates, convenient access and excellent customer service from our knowledgeable employees. Whether you’re saving up for a trip, a special occasion or a down payment for your first home in San Diego, open a Savings Account with us to earn more on the money you save. We can assist you in choosing the right credit union Savings Account. Plus, if you’re looking for online Savings Account access, consider it mission accomplished. Mission Fed’s Savings Accounts all offer free, convenient access in Mobile Banking, Online Banking, over the phone and in-person at any of our 31 branches. Apply to open an account online today, or make an appointment to stop by any Mission Fed branch. Your success is our bottom line, and that includes helping you save.

Mission Fed offers three types of Savings Accounts:

Standard Savings Accounts

Opening a Standard Savings Account at Mission Fed is a great way to get started. You can deposit as little as $1 to start, with no monthly fee, while earning competitive rates. Plus, you can open more than one Standard Savings Account if you want to save for multiple purposes.

Summer or Holiday Saver

Save money for a special event or time of year with a Mission Fed Summer or Holiday Saver Account. These Savings Accounts offer higher dividend rates than our Standard Savings Accounts and are limited to one account per member. The initial deposit is $20-$500. The monthly transfer amount is $20-$500.

Youth Savings Accounts

It is important to start saving young, and a Youth Savings Account is a great way to do that for members ages 17 and younger. Mission Fed gives you the option to set up Youth Savings Accounts as joint accounts with a parent or legal guardian. Teens ages 16 and 17 can open a Youth Savings Account without a cosigner if they have a valid government-issued ID. The initial deposit is only $1.

Download Rates Sheet

Learn More About Savings Accounts with These Great Blog Posts!

Infographic: How Much Should I Be Saving How can you make the most of your Savings Account? Find out what rules you can follow to help save enough for emergencies, retirement and other financial goals. Determine what percentage of your income you should put into your Savings Account each month for good, better and best savings. Open a Savings Account today to accomplish your savings goals.

The Importance of a Savings Account for Rainy Day Situations. A solid rainy day fund is perhaps one of the most important tools in developing and sustaining financial security. However you decide to save, just remember that no matter how well things are going, it’s always a smart idea to be prepared for anything that may happen in the future.

Four Goals You’ll Definitely Love Saving Up for in the Long Run: A Savings Account allows you to keep track of your long-term savings goals. Find out what goals you may have overlooked, and what other Mission Fed Savings Accounts we offer to assist you in reaching those goals. We love helping our members with their Mission Fed Moments, and a credit union Savings Account can get you there faster.

Ways to Discuss Money with Your Kids: Opening a Savings Account with online access is a great way to start discussing money with your kids. You can open a Savings Account online for your child at any time. Whether they’re a toddler or teenager, they can learn how to save money, with Mission Fed ready to assist them along the way. Teach them about financial security and smart spending and saving with a Savings Account from Mission Fed.

What Are You Saving For? If you have a clear idea of what you’re saving for, it’s easier to motivate yourself to put money aside and watch your savings build. You’ll also have an easier time choosing and setting up the right credit union Savings Account to help you reach your financial goals. Read about why you might want to save and which Savings Accounts are best for your needs. If you’re not sure about which Savings Account you should use, Mission Fed can help!

More Products & Services

Platinum Debit Card

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Easy access, more protection, better benefits with a Platinum Debit Card from Mission Fed.

When you open a Mission Fed Checking Account, be sure to ask for a Mission Fed Platinum Debit Card from Mastercard® with no monthly usage fee. It’s the easy way to access your Mission Fed Checking Account.


Checking Accounts

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Manage your daily transactions better with a Mission Fed Checking Account.

Mission Fed offers you a variety of Checking Accounts to help you manage your daily transactions while enjoying convenient access.


Easy Checking, free with eStatements

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If you want all of the benefits of a great Checking Account—without the paper—we have a great...

If you want all of the benefits of a great Checking Account—without the paper—we have a great option for you. Our Easy Checking Account has no monthly service fee when you enroll in eStatements.


Courtesy Pay Services

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With Mission Debit Card Privilege, Mission Fed may authorize your PIN and signature-based Debit...

With Mission Debit Card Privilege, Mission Fed may authorize your PIN and signature-based Debit Card purchase transactions, even if there is not enough money in your Checking Account to cover them.


Branch/ATM Locator

Search for Mission Fed Branches and ATMs, or 30,000 CO-OP Network ATMs Nationwide