Savings

Safe. Simple. Secure. Everything you’d expect and nothing you don’t. 

Providing a safe place for members to accumulate savings is a principle function of our credit union. No matter your needs, we have a savings account option that will work for you. 

Savings Accounts (Share Accounts)

A Share Account is just like any other savings account – except for one thing. When you open a Share Account, you become a member-owner of Baton Rouge Telco Federal Credit Union. With only $5, you can open an account and start enjoying all the benefits of membership. 

  • $5 minimum to open
  • High dividends paid on average daily balances of $50 or more
  • Free 24/7 account access using Mobile & Online Banking and MANDI
  • Free access to eStatements
  • NCUA insurance protection

Individual Retirement Account

We all dream of retirement. Let us help you on your way to reaching your dream retirement with one of our IRA options: Traditional, Roth and Coverdell.

  • Higher dividend rates than regular Share Account
  • No minimum balance
  • No monthly fees
  • Dividends paid monthly
  • NCUA insurance protection
  • No term limit required

Money Market

Interested in earning a higher interest rate without tying up your funds? A Money Market Account may be the right choice. 

  • No term limit required
  • No withdrawal penalties
  • Higher dividend rates than regular Share Account
  • Minimum balance $2,500
  • Receive the dividend rate of a regular Share Account if balance falls below minimum

Christmas Club

Keep your wallet in the Christmas spirit next holiday season by saving all year long. 

  • Earns same rate as a regular Share Account
  • Funds transfer into regular Share Account on November 1
  • $5 fee for early withdrawal

All Star Savers

Help put your child on the right path toward a healthy financial future! The All Star Savers Account can help your child learn about smart financial decisions and that saving a little today can pay off big in the future. 

  • No term limit required
  • Higher dividend rates than regular Share Account
  • Managed by the parent or custodian until the child reaches age 18
  • All funds belong to and must be used for the child’s benefit
  • Protected by the Uniform Transfer to Minors Act (UTMA)
  • Milestone Rewards: Telco will give All Star Savers $10 when the balance of their All Star Savers Account hits $100 and another $10 when their balance reaches $500

Visit any Telco location today to get started! 
 

Rates

Effective Date: December 1, 2017

Share Deposit ProductsMinimum Opening BalanceMinimum Balance to Earn DividendsRateAPY*
Share Savings$5$500.10%0.10%
Elite Checking$5$2,5000.05%0.05%
Special Savings$5$500.10%0.10%
Christmas Club Savings$5$50.10%0.10%
All Star UTMA Savings$5$50.75%0.75%
Money Market Savings$2,500$2,5000.20%0.20%
IRA SavingsNo MinNo Min0.40%0.40%

*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.