A savings account is the foundation for building a solid financial path towards any milestone in life, whether it be retirement, college, or life's everyday events. Start towards your financial security path with one of our savings options knowing that we've got you covered all the way.
Share Savings Account
With only a $5.00 minimum deposit, you can enjoy the benefits of membership with TFCU. Save for anything - a new computer, home remodeling or any future plans! Begin to earn money immediately since dividends are calculated on daily balances and are paid monthly.
With a Holiday Club Account, you can stress less and spend more knowing you’ll have the cash you need to cover your holiday expenses. You can open a holiday account with as little as $5. Withdrawal restrictions provide you with saving discipline to help you reach your goals. Begin to earn money immediately since dividends are calculated on daily balances and are paid monthly.
Save for vacation, or other special purchases with a Special Purpose Account. Special Purpose Savings Accounts are a convenient way to set aside funds for budgeted items such as property taxes, dream vacation, wedding and fuel. You can open an account with as little as $5. Withdrawal restrictions provide you with saving discipline to help you reach your goals. Begin to earn money immediately since dividends are calculated on daily balances and are paid monthly.
Kick your savings into high gear with A TFCU Money Market Account. This account is a great way to earn more than a traditional savings account while giving you the flexibility you need. A low minimum balance of $2,500 will get you started. Your funds are easily accessible with up to three monthly $500.00 minimum withdrawals. Rates are tiered, so the more you deposit the more you earn! Begin to earn money immediately since dividends are calculated on daily balances and are paid monthly.
Excess Share Insurance – Additional Coverage Provided by TFCU
An additional $250,000 of coverage is provided by Excess Share Insurance (ESI), a private corporation. Traditional and Roth IRAs are separately insured up to $250,000 by NCUA and up to an additional $250,000 through ESI, all at no cost to you.
TFCU members receive the highest level of combined federal/private share savings insurance available anywhere.
|NCUSIF||Excess Share Insurance (ESI)||Total Coverage|
|Total Possible Coverage||$500,000||$500,000||$1,000,000|
Share Savings Rates (Last Modified: Dec 20, 2016)
|Share Type||Minimum Deposit||Dividend Rate||Annual Percentage Yield (APY)|
|Regular Share and Club Accounts||$5.00||.10%||.10%|
|Money Market Accounts||$2,500 - $9,999||.20%||.20%|
|$10,000 - $19,999||.25%||.25%|
|$20,000 - $49,999||.30%||.30%|
|$50,000 and over||.40%||.40%|
|Convenience & On the Move |
|No minimum required||.05%||.05%|
|Traditional and Roth IRA, Coverdell Education Savings Account||$25.00||.35%||.35%|
Share savings rates are variable and are declared monthly by the Board of Directors. Rates shown are the most recent as of the above effective date. Dividends are paid and compounded monthly, and are calculated using the daily balance method, which applies a daily periodic rate to the balance in the account each day. Please refer to our Truth in Savings disclosure for further details. Fees could reduce earnings.