There are surely some better deals to be had at credit unions than at banks. Unfortunately, it is not that easy joining credit unions as their membership application requirements are very strict. Customers who want to join one will be happy to know that there are such institutions who are very liberal with their membership requirements. One such union is Meadows Credit Union based in Arlington Heights in Illinois.

People who are looking into savings account more than any other investment opportunities will be glad to know that Meadows Credit Union offers several deposit services for any of their needs.

For starters, customers who only want the basic deposit type of account which pays interest and opens up other financial services to them need only look at their Membership Savings Account. This account only requires a balance $5 to start. If the customer wants something without checking, loan account or Visa  features, the balance required is $500. People can add funds to their savings account by automatically transferring it from their direct deposit, checking or online banking accounts. Depositors also have the benefit of being able to contact the bank 24 hours a day either online or via a phone call.

They also have an attractive money in the bank deal through their Health Savings account with current interest rates of 2.53% APY. Savings opportunities like this one can help you through health care needs and may even come with some tax advantages.

For customers who are under a High Deductible Health Plan can enroll for a MCU Health Savings account. A High Deductible Health Plan differs from the normal health care plan in the sense that it asks for lower premiums but higher deductibles. Individuals under such plans pay $1,200 to cover themselves only or $2,400 if they want to have their families likewise covered. These types of plans are for people whose illnesses require them to stay at hospitals for prolonged periods of time.

Once the customer enrolls, they stand to gain benefits like convenient payment methods, competitive interest rates (2.53% APY), and the choice to put funds in a MCU Savings Certificate.

Other noteworthy savings services include IRAs and Educational Savings Accounts.

These accounts can be opened through the same methods as opening the Membership Savings Account.

To start an account, depositors only need to just fill their details on an application form in the Internet. They can also call 800-662-2772 or visit a Meadows Credit Union branch.

Meadows Credit Union is a member of the National Credit Union Association with NCUA #61639.