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.
Yes, there are no penalties for withdrawals. Unlike certificates of deposit (CDs), you also don't have to wait for a maturity date to take money out.
Our traditional savings accounts are insured for up to $250,000 by the National Credit Union Administration (NCUA), which is similar to the FDIC. Both the FDIC and NCUA are government organizations, which means your money is backed by the full faith and credit of the U.S. government.
Yes, our traditional savings account interest rate and dividends help your account balance grow for short- or long-term savings goals. Because the account is backed by the NCUA, it’s also a secure way to build your savings.
Our traditional savings accounts do not have any fees. This lets you grow your savings without worrying about extra costs eating into your balance.
Traditional savings accounts do not have penalties for withdrawing your money, like certificates of deposit (CDs) or retirement accounts.
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.
*APY = Annual Percentage Yield. Dividend rates are subject to change without notice. Dividends are posted monthly based on the daily balance and compounded monthly. Rates are not guaranteed. Fees may reduce earnings on the account.