Conventional MRI reconstruction methods treat images and coil sensitivities as discrete objects, leading to high memory demands and limited structural awareness that hamper effective regularization. These limitations hinder accurate reconstruction in highly undersampled scenarios, such as dynamic 3D cardiac magnetic resonance (CMR). We introduce a discretization-free, memory-efficient, model-based framework for dynamic 2D and 3D MRI reconstruction from highly undersampled data. We represent magnetization and coil sensitivities as continuous objects -- differentiable functions -- using tensor products of univariate neural fields. This tensor product structure enables scalable optimization in high-dimensional spatiotemporal settings. Our method outperforms state-of-the-art model-based reconstructions in dynamic 2D and 3D MR settings, preserving structure and motion even under aggressive undersampling (e.g., acceleration factor 16).