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Prepare for a brighter tomorrow with a Baton Rouge Telco savings account! Enjoy competitive interest rates and no monthly fees with our federally insured accounts for steady savings growth. Open a credit union savings account today to invest in yourself with every deposit.
Grow your money with a competitive interest rate and make convenient monthly withdrawals.
Save throughout the year for holiday expenses so you can enjoy a stress-free season with friends and family.
Take advantage of higher interest rates than other savings accounts while benefiting from flexible withdrawal options.
Build a secure financial future with our Traditional Savings account. Take advantage of competitive interest rates and federally insured deposits for steady account growth while enjoying convenient access to your funds.
Key features of our Traditional Savings account include:
Prepare for the holiday season with our Christmas Club savings account by setting aside funds throughout the year for gifts, gatherings, and other holiday needs. This helps you stay on budget so you can enjoy a stress-free and festive holiday season.
Key features of our Christmas Club savings account include:
Grow your savings faster with our Money Market account. Unlike certificates of deposit, Money Market accounts don’t require you to wait for a maturity date to access your funds. You can make convenient monthly withdrawals while earning more than with other savings options.
Key features of our Money Market account include:
Is it better to have a savings account with a credit union?
A savings account with a credit union offers several advantages over traditional banks. Credit unions typically offer the best savings account rates and have lower service fees, which helps you keep more in your account to grow your balance faster.
Credit unions are member-focused financial institutions, which means they prioritize your financial needs instead of focusing on profits. Credit unions also provide personalized service, which makes them an excellent choice for those who value local support.
How do I find a high-yield savings account near me?
If you are looking for the best savings accounts in Baton Rouge, Louisiana, consider Baton Rouge Telco! Our Money Market account is ideal for growing your money. The high-yield savings account offers competitive interest rates, no monthly fees, and allows up to six withdrawals per month. You only need a minimum deposit of $2,500 to get started.
Are credit union savings accounts FDIC insured?
Credit union savings accounts are insured for up to $250,000, but not by the FDIC. They are insured by the National Credit Union Administration (NCUA). Both the FDIC and NCUA are government organizations, which means your account is backed by the full faith and credit of the federal government.
Do credit unions pay interest on savings accounts?
Yes, credit unions typically pay interest on savings accounts, although they often refer to it as dividends rather than interest. The annual percentage yield (APY) you earn will vary depending on the credit union.
Which type of bank account is best for everyday use?
Savings accounts are ideal for growing your money over time, but they aren’t ideal for daily use. A checking account is a much better option because it allows you to write checks or make frequent debit card transactions. If you ever need to add funds to your checking account for a large purchase, you can transfer money from your savings account with online banking or stop by a branch.
What is the minimum initial deposit requirement to open a savings account?
Opening an account does not require a high deposit, which means you can start saving right away! You only need a minimum opening deposit of $5 to get started with either a Traditional Savings or Christmas Club account. The minimum initial deposit to open a Money Market account is $2,500.
How many withdrawals can I make per month?
Per federal regulations, you can make up to six withdrawals from a Traditional Savings, Christmas Club, or Money Market account per month. Additional withdrawals will incur a penalty.
Do I need to be a member to open a savings account?
Yes, you will need to become a Baton Rouge Telco member to open a credit union savings account. Membership is open to anyone who lives, works, or attends school in one of the following Louisiana parishes:
Parents, children, siblings, grandparents, grandchildren, stepparents, or stepchildren of Baton Rouge Telco members are also eligible to join.
Disclosures
1Early withdrawal penalty of $5 (before Nov. 1). There’s no monthly maintenance fee and no minimum balance fee on our Christmas Club Savings Account. This means there’s no charge if your balance falls below $5, though you won’t earn any interest.
2Federal guidelines state you can make up to six withdrawals per month without a fee. You can make additional withdrawals from an ATM or in-person teller. Withdrawals above 6 incur a penalty.
*APY = Annual Percentage Yield. Dividend rates are subject to change without notice. Dividends are posted monthly based on the daily balance and compounded monthly. Baton Rouge Telco Federal Credit Union Share Certificate rates are variable rate accounts and are subject to change at any time. Rates are not guaranteed. Penalties for early withdrawals may apply. Fees may reduce earnings on the account.
Before you begin the balance transfer process, let's get a BR Telco Visa credit card opened for you. We offer two great credit cards to fit your lifestyle. Our credit cards feature no annual fees, no balance transfer fees, and practically unbeatable rates. You can begin your online application here.
Complete this short form and we’ll have one of our experts contact you to discuss options.
Federally insured by NCUA. Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government – National Credit Union Administration (NCUA), a U.S. Government Agency.
