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.
Our Premier Bundle is a new, better way to save, only available at BR Telco. BR Telco's new Premier Savings paired with our popular Premier Checking is designed to help members maximize their earnings. By using these products together, you can earn higher interest on deposits and get maximum rewards on your everyday spending.
It's easy! If you already have a Premier Checking account, then you're eligible to open a Premier Savings account. To qualify for the 4.00% APY on Premier Savings, make sure you're hitting all of the qualifying activities on your Premier Checking account each month.
On balances of $0 - $50,000.00, dividends are earned at 4.00% APY if qualifications are met.
On balances exceeding $50,000.00, dividends are earned at 2.00% APY if monthly requirements are met.
Dividends are earned at 0.10% APY if monthly requirements are not met.
Monthly Requirements:
No. If you don't qualify one month, don't worry! You'll never be charged a penalty or fee, and you can earn the higher rate the next month you do qualify.
The non-qualifying rate is 0.10% APY; currently the same as a regular savings account at BR Telco.
Yes, you must have both and meet the monthly checking account qualifications.
No, you can only have one Premier Bundle per membership.
No. A Premier Savings account must be opened. But it's super simple and you can open a Premier Savings online in just minutes, or give us a call or stop by any branch.
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.
1 Earn 4.00% APY on balances up to $50,000.00 and 2.00% APY on balances over $50,000.00. You must have a Premier Checking account within the same membership as the Premier Savings account and meet all monthly requirements of the Premier Checking account. Existing savings accounts cannot be converted to a Premier Savings - a new account must be opened. Only one Premier Bundle per membership. Minimum deposit of $5.00 to open account.
2 To qualify for 5.55% APY, the following qualifications must be met within each month: 1) make 15 debit card transactions (non-ATM) that post and settle to your account; 2) receive direct deposit to any account within the membership; and 3) enroll in eStatements. Full terms online. Minimum deposit of $5.00 to open.
APY = Annual percentage yield. APY is Telco’s current rate. Rates may change after the account is opened. Dividends are calculated on a daily balance method and are compounded and credited monthly. If account requirements are not met, the non-qualifying rate will be 0.10% APY. Membership requirements do apply. All rates are subject to change.