TCT FCU Savings Rates
| Account Type | Average Daily Balance to Earn APY | Dividend Rate | Annual Percentage Yield (APY) |
|---|---|---|---|
| Share Savings Account | $5.00 Minimum to open | 0.10% | 0.10% |
| Sub-Share 'Club' Account | N/A | 0.10% | 0.10% |
| Student Account | Up to $999.99 | 2.96% | 3.00% |
| $1,000.00 or greater | 0.10% | 0.10% | |
| IRA Shares: Traditional and Roth | Up to $50,000 | 0.25% | 0.25% |
| $50,000.01 – $100,000 | 0.25% | 0.25% | |
| $100,000.01 – $150,000 | 0.35% | 0.35% | |
| $150,000.01 – $250,000 | 0.35% | 0.35% | |
| Over $250,000 | 0.45% | 0.45% | |
Dividend Period is the calendar month. Rates and yields for these accounts may change monthly as determined by the Credit Union’s Board of Directors. For Student Savings Accounts, each tiered rate will apply only to that portion of the account balance within each tier. Fees and other conditions may reduce earnings. Please refer to the Truth in Savings Disclosure for additional information. | |||
| Account Type | Average Daily Balance to Earn APY | Dividend Rate | Annual Percentage Yield (APY) |
|---|---|---|---|
| Regular Money Market Account* | $500 – $9,999.99 | 0.15% | 0.15% |
| $10,000 – $24,999.99 | 0.15% | 0.15% | |
| $25,000 – $49,999.99 | 0.20% | 0.20% | |
| $50,000 and above | 0.25% | 0.25% | |
| Money Market Special** | $60,000 and above | 0.35% | 0.35% |
*Regular Money Market Accounts allow 4 free withdrawals per month. $5.00 fee for each withdrawal after 4. | |||
Regular Money Market and Money Market Special Accounts have a minimum balance of $500 and $60,000, respectively, to open the accounts. Dividend Period is the calendar month. Rates and yields for these accounts may change monthly as determined by the Credit Union’s Board of Directors. Fees and other conditions may reduce earnings. Please refer to the Truth in Savings Disclosure for additional information. | |||
| Account Type | Term | Minimum to Open | Early Withdrawal Penalty (Days of Dividend) | Dividend Rate (Fixed Rate) | Annual Percentage Yield (APY) |
|---|---|---|---|---|---|
| Regular and IRA | 6 Month | $500 | 30 | 3.54% | 3.60% |
| 7 Month | $500 | 30 | 1.39% | 1.40% | |
| 9 Month | $500 | 60 | 0.30% | 0.30% | |
| 12 Month | $500 | 60 | 0.35% | 0.35% | |
| 13 Month | $500 | 60 | 0.50% | 0.50% | |
| 18 Month | $500 | 90 | 0.50% | 0.50% | |
| 24 Month | $500 | 90 | 0.55% | 0.55% | |
| 36 Month | $500 | 90 | 0.60% | 0.60% | |
| 60 Month | $500 | 180 | 0.65% | 0.65% | |
For additional information refer to the Truth in Savings Disclosure for Certificate Accounts. | |||||