Personal Banking

Flex Image

We are very excited to bring you some big news about our new chequing accounts

These new accounts offer the flexibility to bank the way you want! Bank online or in-branch for FREE with our FreeFlex account, or choose our Flex+ account to receive extra features like 5 FREE e-transfers.

Plus, you never have to worry about carrying a minimum balance.

Compare our Flex Accounts

Comparison Chart

Accounts

Flex Chequing Expand/Collapse

FreeFlex

Our FreeFlex account is simply that, FREE and Flexible!

Bank how, when and where you want, for free! Perfect for students or anyone looking to get away from those pesky monthly bank fees. With this account, you'll save an average of $150 annually compared to what you would spend with the 'big banks' accounts.¹

Monthly Service Fee: FREE

Features:

  • Free In-Branch, Mobile, Telephone and Internet Banking
  • Free Unlimited ATM Transactions at over 3,300 Exchange Network ATMs²
  • Free Bill Payments (online & in-branch)
  • Free Unlimited Debit Transactions
  • No Minimum Monthly Balance Required!

Flex+

Our Flex+ account is the premium account that works for you!

All the flexibility of our FreeFlex account PLUS many extra features. Perfect for those who require a little more out of their chequing account. With this account, you'll save an average of $200 annually compared to what you would spend with a premium account at the 'big banks'.¹

Monthly Service Fee: $10.00

Features:

  • Free In-Branch, Mobile, Telephone and Internet Banking
  • Free Unlimited ATM Transactions at over 3,300 Exchange Network ATMs²
  • Free Bill Payments (online & in-branch)
  • Free Unlimited Debit Transactions
  • 5 Free Interac® E-Transfers per month
  • 1 Free CAD Draft per month
  • 1 Free USD Draft per month
  • 100 Free Personal Cheques per year
  • 1 Free Stop Payment Request per month
  • Free Certified Cheques
  • No Minimum Monthly Balance Required!

Flex62+

Our Flex62+ account gives you everything in the Flex+ but is completely FREE!

All the the extra features of Flex+ with NO monthly service fee for members who are 62 years or older!

Perfect for those who require a little more out of their chequing account. With this account, you'll save an average of $245 annually compared to what you would spend with a premium account at the 'big banks'.¹

Monthly Service Fee: FREE

Features:

  • Free In-Branch, Mobile, Telephone and Internet Banking
  • Free Unlimited ATM Transactions at over 3,300 Exchange Network ATMs²
  • Free Bill Payments (online & in-branch)
  • Free Unlimited Debit Transactions
  • 5 Free Interac® E-Transfers per month
  • 1 Free CAD Draft per month
  • 1 Free USD Draft per month
  • 100 Free Personal Cheques per year
  • 1 Free Stop Payment Request per month
  • Free Certified Cheques
  • No Minimum Monthly Balance Required!

Savings Expand/Collapse

Are you saving for a rainy day, for a family trip or an important purchase?  We want to help you reach your savings destination by providing savings accounts that match your needs.
Saving money does not have to be a chore if you have the right account working for you:

High Interest Savings Account (HISA)

A premium interest rate combined with the flexibility of making withdrawals.  This is what our High Yield Savings Account offers to members looking for a higher interest rate while still planning to utilize some of their savings.

Features and Benefits:

  • Ability to access funds at any time through:
  • Online banking
  • Telephone banking
  • In branch
  • ATM and other
  • Interest paid monthly
  • Interest calculated on lowest monthly balance, if $5,000 balance maintained.

Service charges:

  • No charge for online and telephone banking (transfers).
  • In branch charge of $2.50 per transaction for transfers and withdrawals (no free transactions in branch).
  • First ATM withdrawal (MCCCU or Exchange Network) each month free, subsequent charge of $2.50 per withdrawal.
  • ATM transfers free.
  • Deposits (any method) free.

Please click here for the high interest rate.

Open an Account

Plan 24

There must be a reason why our Plan 24 is our most popular account. It is a regular savings account which calculates interest on the daily minimum balance and compounds it monthly.

Certificates of Deposits

The CD savings account offers a “Better than Bond” option. This account offers not only a higher interest rate, but more features and flexibility than that of a Canadian Savings Bond.

Features and Benefits:

  • Interest: 1.05%
  • No monthly service charge
  • Daily interest calculation
  • Statement account produced semi-annually
  • Available for deposit between October 1st and November 30th. However, arrangements can be made during that time period for pre-authorized payments to be made throughout the year

 Service charges:

  • 1 free withdrawal per month, $3/subsequent withdrawal

Tax Free Savings Account (TFSA)

The purpose of a TFSA is to provide a savings vehicle for individuals to earn tax-free investment income. Effective for January 1, 2016 and subsequent years, the maximum TFSA contribution limit for 2016 has been decreased from $10,000 to $5,500. Members are eligible to contribute to their tax-free savings account up to the new contribution limit of $5,500 for 2016.

The Tax-Free Savings Account (TFSA) is a registered savings account that allows taxpayers to earn interest income tax-free inside the account.

Contributions to the account are not deductible for tax purposes, and withdrawals of contributions and earnings from the account are not taxable. The Tax-Free Savings Account is available for Canadians aged 18 and each year you are allowed to contribute the maximum limit as announced by CRA.

TFSA Eligibility

The individual owning the TFSA is the 'Holder'.  Any individual person (not trusts or corporations) who meets all the following three requirements is eligible to open a TFSA:

  • Resident in Canada, and
  • 18 years of age or older, and
  • Holds a valid Social Insurance Number (SIN).

There is no maximum age limit to open or hold a TFSA and a person may hold more than one TFSA.

TFSA Contribution Limit

Contributions to a TFSA may only be made by the Holder and the amount is not tied to the income of the Holder.

  • $5,500 is the maximum TFSA contribution limit for 2016.
  • Contributions are not tax deductible.

Youth Expand/Collapse

Naturally parents want the best for their children. This would include their future financial well-being and a healthy attitude towards money. Motor City Community Credit Union encourages useful banking habits starting from childhood. We reward our young members with bonus interest rates so they can grow their savings faster.

YouthSave Image
A premium interest rate of 2%3 combined with the flexibility of a chequing account!

A hybrid Chequing and Savings account that’s perfect for children and teens. YouthSave is available to anyone under the age of 18 and helps develop money management skills, while earning extra interest to promote saving. At every stage of life, Motor City is there, making your financial life simple and easy.

Monthly Service Fee: FREE
Interest Rate: 2% for the first $10,000. 1% for anything above $10,000³
Eligible Age: 17 years of age or younger

Features:
  • Free In-Branch, Mobile, Telephone and Internet Banking
  • Free Unlimited ATM Transactions at over 3,300 Exchange Network ATMs²
  • Free Bill Payments (online & in-branch)
  • Free Unlimited Debit Transactions
  • Available in regular and trust
  • Can be attached to a debit card (with consent of parent)
  • No Minimum Monthly Balance Required!

U.S. Savings Expand/Collapse

U.S. Savings account is an excellent way to always keep funds ready for a future vacation or shopping trip. All balances and transactions are in U.S. dollars (USD) for this daily interest savings account. In-branch withdrawals are free and an $0.80 charge will be applied to all other in-branch transactions.

Would you like to know the exchange rate to buy or sell U.S. funds?  Please click here for today’s rate.

Strictly Community Expand/Collapse

Motor City Community Credit Union has always offered an account for non-profit groups. Our goal is to make it easier for organizations and groups who work hard to support the Windsor and Essex County. Whether your organization is a school group, sports club or a charitable foundation, our Strictly Community Account will certainly benefit you!
Strictly Community is a chequing account with interest calculated daily and compounded monthly.

The personal attention to your organization's needs will be complimented by many free services.

Features and Benefits:
  • No monthly service fee.
  • Free debits.
  • No charge for cheque return service.
  • No charge on coin deposits.
  • Night Deposit boxes available.
  • Convenient branch and ATM locations

Open a Flex Account!

Opening an account has never been easier. Now you can open a Flex account from anywhere!

Sign up today to start enjoying the benefits of a Flex account!

Open an Account

FreeFlex Image

1 Based on the average annual cost of an account with similar services at Canada’s big banks. Used for comparison purposes only. Based data acquired on January 26th, 2017.
2 Valid only on the Exchange Network ATMs. Find the closest Exchange Network ATM by visiting www.the-exchange.ca or by downloading the Exchange Network or Motor City app. ATMs outside the Exchange Network are subject to additional service charges.
3 Interest Rate for deposits less than $10,000=2.00% and greater than $10,000=1.00%. Rates per annum and subject to change at any time.
 

Find Branch/ATM

Enter address, postal code or branch name
PFM Link
RRSP