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.
A Christmas savings account is a great way to save for Christmas and other holidays. It allows you to save throughout the year for gifts, events, and other holiday needs so you can enjoy the season without stressing over your finances. With a $5 minimum deposit to open, you can start saving right away. You'll also earn a competitive rate on your balance. The funds are automatically transferred to your regular savings account on November 1.
There is no limit to how many deposits you can make per month. You are free to make as many as you like as you work towards your savings goal.
No, you don’t have to close the account. You can leave it open to start saving for next year’s holiday season.
You can contribute as much or as little as you want, but regular contributions help you stay on track to reach your savings goal.
Having a savings account just for the holiday season makes it easy to track your savings progress. Keeping your Christmas funds separate from your regular savings also helps you resist the temptation to use the money in your account for other things.
Yes, Christmas savings accounts are insured by the National Credit Union Administration for up to $250,000.
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.