MECU Savings & Transaction Accounts - Savings Accounts

MECU

MECU is an online financial institution that has been in existence for 50 years. It is a bank, financial planner, and insurance company rolled into one. So, what makes MECU your online bank of choice? Read on the following points:

• It is convenient - all you have to do is prop yourself in front of a computer with Internet connection and surf.
• It looks cool - with very user-friendly features and cool graphics, MECU is sure to win your vote for online eye candy.
• It has a lot of features in store for you - the only difference between MECU and conventional banks is that MECU is more convenient and tech-savvy. MECU also has features resplendent in conventional banks, sometimes even more.
• It advocates a responsible way of handling your financial concerns - MECU is not just a financial institution, it is also an environmental and social advocate. It is dedicated to developing a banking experience that is manageable and sustainable.
• It is accredited by the Australian Prudential Regulation Authority or APRA - this gives you the assurance that you don't just avail of convenient, cool banking, you also get a service that's legal.

Introduction to MECU's Savings Accounts

Here is a sample of one of MECU's banking services: the MECU line of savings accounts.

MECU has 6 savings account types for you to choose from. These are as follows:

The MECU Cyber Saver

The Cyber Saver account gives you access to the following features:

• online access to account services
• direct credits to your account
• transfer wage instantly to your account
• cash and cheque deposit

The MECU Cash Management - Transaction

The Cash Management - Transaction account gives you access to all the features of a Cyber Saver account with the addition of BillsPay, access to phone banking services, and your own cheque book.

The MECU Cash Management - High Yield

The Cash Management - High Yield account has all the aforementioned features save for BillsPay and cheque book. Also, online and phone services can accomodate minimal transactions only.

The MECU Christmas Club

The Christmas Club account, MECU's special holiday offering, has all the MECU features except BillsPay and cheque book. You cannot do online or phone funds transfers with this type of account.

The MECU mySaver

The mySaver account has all the features of MECU savings accounts save for the cheque book. You can also do direct debits with a mySaver account.

The MECU Incentive Saver

The Incentive Saver account has all the features of MECU savings accounts save for the cheque book. This type of account also enables you to do direct debit transactions.