Cash gifts help offset wedding costs, pay for the honeymoon, collect for a down payment on a new home, or pay off student loans. This interest-bearing, fee-free savings account provides an elegant way for engaged couples to request cash consistent with wedding registries at retail stores.

Rates effective July 10, 2008 APY = Annual Percentage Yield

Balance Range Dividend Rate APY
$200 or more 1.00% 1.00%
 
 

How It Works

  • Couples about to be married may open a MatriMoneySM account with as little as $200 and at least 90 days prior to the wedding date.
  • We provide registry announcements - wallet-size cards that explain the program to bridal shower and wedding guests.
  • Wedding guests, family, and friends can make a gift deposit at any Island branch location or over the phone using their VISA® or MasterCard®
  • For guests who make a gift deposit, an attractive "Congratulations" card with gift information is provided to give to the couple.
  • Sending thank you notes is easy - once the wedding date has passed, the couple receives an account statement with a list of contributors
  • No withdrawals are allowed until after the wedding date.

Engaged Couples

  • Open a MatriMoneySM account by visiting any Island branch or calling (800) 848-5654 and with your VISA® or MasterCard® handy.
  • Have a wedding website? Add www.myisland.com/matrimoney to your gift registry list
  • Receive a special wedding gift from the Island. Here's how:
    1. Review our online Couples & Money tutorial with helpful tips about starting your financial life together
    2. Complete the Couples & Money Quiz
    3. Print out the certificate at the end of the quiz and present it it at any one of our branch locations

Wedding Guests

Make a gift deposit into a MatriMoneySM account by visiting any Island branch, calling (800) 848-5654, option 0 with your VISA® or MasterCard® handy, or mailing a check to:
 
North Island Credit Union
P.O. Box 85833
San Diego, CA 92186-5833.

 
Be sure to include the couple's name on the check.

 

Terms & Conditions

Programs (including but not limited to fees, rates, and features) are subject to change without notice. After account is opened, dividend rate and APY may change at North Island Credit Union's discretion. Fees may reduce earnings.