| Balance | APY* |
|---|---|
| $100 – $2,499 | 0.05% |
| $2,500 – $9,999 | 3.01% |
| $10,000+ | 3.91% Best Rate |
| Deposit $10,000 or more within 30 days to lock-in our top rate for 6 months. | |
*Annual Percentage Yield (APY) may change at any time. This is a variable-rate, tiered savings account. The APY you earn depends on your account balance and applies to the entire balance within the applicable tier: 0.05% APY for balances of $100–$2,499.99, 3.01% APY for balances of $2,500–$9,999.99, and 3.91% APY for balances of $10,000 or more. Accounts that reach $10,000 at opening or within the first 30 calendar days may qualify to lock in the headline APY for a six-month period; accounts reaching $10,000 after the initial 30 days are not eligible for the rate lock. After any rate-lock period ends, or if a rate lock does not apply, the account will earn the then-current APY for the applicable balance tier. Interest is calculated using the daily balance method, compounded monthly, and credited monthly. Minimum deposit to earn dividends is $100. Fees and transaction limits may apply and could reduce earnings. See the Account Agreement for complete terms and conditions.
Rates
Your rate grows with your balance
The higher your balance, the more you earn.
Open your account and lock in our top-tier rate for six months. Rates are variable and may change after the promotional period.
Savings Calculator
Know your worth.
To the penny.
Adjust the slider to your opening deposit and see your potential earnings instantly. Clear numbers, simple math, and full transparency. With Mitten, you always know where you stand.
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*APY = Annual Percentage Yield
100% Digital Experience
Your money is always at hand with the Mitten app
Check your balance, track your interest, and move money anytime, anyplace.
Account Details
Simply, what you need to save
What’s included in Mitten High Yield:
- Electronic transfers to and from your linked account
- Paperless statements
- Real-time balance and interest tracking
- No minimum balance
- Secure digital support
- No monthly fees
Transfer guidelines at a glance
Keeping saving simple and secure.
Frequently Asked Questions
Straightforward answers.
What is Mitten, and how is it different from other savings accounts?
Mitten is a digital-only high-yield savings account designed to help your money earn more with fewer rules. It offers a competitive rate, no monthly fees, and a simple online experience—without branch visits, fine print, or complicated requirements.
Who is eligible to open a Mitten account?
Anyone who lives or works in Michigan can open a Mitten account.
Are there any fees or minimum balance requirements?
No. Mitten has no monthly maintenance fees and no minimum balance required to open or maintain the account, so your savings can grow without unnecessary costs eating into your earnings.
Is Mitten really a “digital-only” account?
Yes. Mitten is built to be managed entirely online, from opening your account to moving money and tracking your earnings. There’s no branch visit required, and account opening and online banking enrollment happen in one streamlined digital experience.
How do I fund my account and move money?
You can link one external bank account to fund your Mitten savings and make transfers. This streamlined setup is intentional to keep your experience simple while supporting security and risk controls.
Is my money safe with a digital-only account?
Yes. Mitten operates as a digital division of an established Michigan credit union, leveraging the same regulated infrastructure, operational oversight, and deposit protections while delivering a modern digital experience.
Will my rate change over time?
Mitten’s rate is competitive and variable, meaning it may change based on market conditions. You’ll always see the current rate clearly displayed.
Start earning more, effortlessly
Open your high-yield savings account in minutes. No fees, no minimums, no hassle.
