Personal Savings
Discover our flexible savings accounts designed for convenience and financial wellness. Open multiple accounts to organize your savings, and grow your funds with automatic deposits or regular transfers. Let Telcoe Federal Credit Union support your savings goals!
Choose a Savings Account
Savings Accounts
We offer many attractive credit union savings account options that empower you to bank on your own terms. Whether you seek liquidity, returns, or longevity, we have an account to match your priorities. Browse the extensive benefits below to discover savings solutions for your life goals.
Benefits of Telcoe Federal Credit Union Savings Products
How much will my savings grow?
Your estimated savings after 12 months is: $2,231.25
Total interest earned: $31.25
PRIME SAVINGS ACCOUNT
Establish your membership with Telcoe while
earning quarterly dividends and an attractive annual percentage yield (APY). Build your nest egg and
track your growing funds with our free e-services.
ESTABLISH YOUR MEMBERSHIP
Enjoy the following features of the Prime Savings Account:
- A basic savings account that’s ideal for a wide range of people
- Establishes membership with Telcoe Federal Credit Union
- Dividends paid out quarterly
- No monthly service fee
- $5 minimum balance required to keep account open and maintain membership
- 2 free monthly withdrawals; $5 per withdrawal after that
- $10 minimum deposit to open
- $5 one-time activation fee
ADDITIONAL PERKS
QUARTER PLUS MONEY MARKET ACCOUNT
Maximize returns while minimizing effort.
Tiered rates provide higher balances with higher rates. Enjoy fluid access to your funds.
MAXIMIZE YOUR SAVINGS
The Quarter Plus Money Market account offers the following features:
- Maximize your earning potential with a tiered-rate structure
- Earn a higher rate with a larger balance
- Dividends paid monthly
- 3 free monthly withdrawals and 3 free monthly transfers; $10 per withdrawal or transfer after that
- $2500 minimum balance
- If the account dips below $2500, we change it to a regular Share account
- No activation fee
- No monthly fee
- $2,500 minimum deposit to open
ALL ACCOUNTS INCLUDE
YOUTH SAVINGS ACCOUNT
Cultivate smart financial habits in your child with a custom-designed youth account. Guide them as they track balances, make deposits, and gain real-world experience.
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LEARN HOW TO SAVE
The little ones are our future. Opening a youth savings account lets you teach children up to 18 years old about financial responsibility. Guide them in saving for goals and preparing for unexpected expenses.
- Special savings for young savers under 18 years of age
- Teaches kids the importance of saving money starting early in life
- Each April, we offer special rates on YOUTH Certificates of Deposit
- Competitive dividends on entire balance (paid quarterly)
- 2 free withdrawals per month
- Additional withdrawals are $5 per instance afterward
- $5 minimum balance
- $10 minimum deposit to open
- $5 one-time activation fee (ask how this can be fee waived)
- Financial Literacy for Kids-blog article
ADDITIONAL PERKS
CHRISTMAS CLUB SAVINGS ACCOUNTS
Spread holiday cheer without financial fear!
Set aside some money every month for a joyful and stress-free holiday season.
CHRISTMAS CLUB DETAILS
- Smart saving for holiday bills, gifts, décor, and more
- Standard enrollment from Nov. 1 through Jan. 31
- Extended enrollment from Feb 1 through May 30th
- Withdrawals available between Oct. 1 and Oct. 30
- Unused funds will transfer to regular share account on the last business day of October.
ADDITIONAL PERKS
VACATION CLUB
Steadily set aside cash for the trip of a lifetime. Automatically save for a tropical getaway, European adventure, or wherever your heart takes you.
- Save year-round for events, big trips, birthdays, and more
- Enroll anytime
- Make withdrawals twice a year
CREATE YOUR CLUB
Dream big and then make it real! Set up a custom savings club for nearly any goal—a wedding, new home, travel plans, debt payoff, or college tuition.
Automatically deposit funds and let your vision unfold. We help you systematically save for major financial milestones!
- Enroll anytime
- Make withdrawals twice a year
- Savings chart example