Checking & Savings Archives - Telco Credit Union https://www.telcu.com/category/checking-savings/ Fri, 26 Mar 2021 20:01:54 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.telcu.com/wp-content/uploads/2020/07/cropped-logo-32x32.png Checking & Savings Archives - Telco Credit Union https://www.telcu.com/category/checking-savings/ 32 32 Share Draft Checking https://www.telcu.com/share-draft-checking/ Wed, 25 Dec 2013 09:34:00 +0000 http://test4.webbadgersites.com/index.php/2013/12/25/share-draft-checking/ No minimum balance, interest bearing account with overdraft protection. Key Features No minimum balance required Interest bearing account Overdraft protection loan or overdraft from savings Free checks for members 55 and over if ordering basic checks Debit card Key Benefits Online banking Checks by phone TAPS Bill pay Requirements $25 deposit No NSF activity from […]

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]]> No minimum balance, interest bearing account with overdraft protection.

Key Features

  • No minimum balance required
  • Interest bearing account
  • Overdraft protection loan or overdraft from savings
  • Free checks for members 55 and over if ordering basic checks
  • Debit card

Key Benefits

  • Online banking
  • Checks by phone
  • TAPS
  • Bill pay

Requirements

  • $25 deposit
  • No NSF activity from other banks or account abuse
  • 16 years of age to open account

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]]> Certificates of Deposits (CDs) https://www.telcu.com/certificates-of-deposits-cds/ Mon, 04 Feb 2013 07:49:29 +0000 http://test4.webbadgersites.com/index.php/2013/02/04/certificates-of-deposits-cds/ Higher rate of return, with earned monthly interest. Key Features No fee unless withdrawal before maturity date (penalty is paid for early withdrawal) 5 day grace period (calendar days) for withdrawal Interest earned monthly Key Benefits Earns you money Requirements Member of Telco Credit Union Must complete CD application Minimum deposit of $1000.00  

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]]> Higher rate of return, with earned monthly interest.

Key Features

  • No fee unless withdrawal before maturity date (penalty is paid for early withdrawal)
  • 5 day grace period (calendar days) for withdrawal
  • Interest earned monthly

Key Benefits

  • Earns you money

Requirements

  • Member of Telco Credit Union
  • Must complete CD application
  • Minimum deposit of $1000.00

 

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]]> Direct Deposit https://www.telcu.com/direct-deposit/ Mon, 04 Feb 2013 06:56:51 +0000 http://test4.webbadgersites.com/index.php/2013/02/04/direct-deposit/ The post Direct Deposit appeared first on Telco Credit Union.

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Direct Deposit

Convenient way to deposit and make payments automatically.

Key Features

  • One time sign up
  • Convenient way to to deposit and make payments

Key Benefits

  • Automatic deposit to your Share Savings or Share Draft Checking Account
  • Automatic distribution to make loan payments to any of your loans or loans you pay for another member
  • Automatic distribution to secondary accounts or other family members account

Requirements

  • Employer must offer Direct Deposit
  • Only need to deposit into one account, Telco will distribute to other accounts
  • Must deposit to a Telco member’s account

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]]> IRA Share & Certificate Accounts https://www.telcu.com/ira-share-certificate-accounts/ Thu, 31 Jan 2013 11:57:09 +0000 http://test4.webbadgersites.com/index.php/2013/01/31/ira-share-certificate-accounts/ No monthly fees, interest earning IRAs. Key Features No monthly fee Earns interest Key Benefits Earnings grow tax deferred for a Traditional IRA account until withdrawn Traditional IRA’s offer fully deductible contributions Earnings are tax free if the account has been open for 5 years with qualified reason on a Roth Account Contributions can be […]

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]]> No monthly fees, interest earning IRAs.

Key Features

  • No monthly fee
  • Earns interest

Key Benefits

  • Earnings grow tax deferred for a Traditional IRA account until withdrawn
  • Traditional IRA’s offer fully deductible contributions
  • Earnings are tax free if the account has been open for 5 years with qualified reason on a Roth Account
  • Contributions can be withdrawn at any time tax and penalty free
  • The Roth does not require distributions after age 70 ½t

Requirements

  • Must be a Telco member
  • Anyone who has earned income from compensation
  • Unless member is doing an IRA rollover or doing a direct transfer from another financial institution, the maximum amount of contributions is set if age 50 or older
  • Minimum deposit amount for a CD is $1,000.00

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]]> Money Markets https://www.telcu.com/money-markets/ Thu, 31 Jan 2013 11:56:10 +0000 http://test4.webbadgersites.com/index.php/2013/01/31/money-markets/ No monthly fee, dividends compounded quarterly with no service charge. Key Features No monthly fee Funds are not tied to maturity restrictions Key Benefits Dividends compounded quarterly No service charge Dividends begin to accrue on the business day your account opens   Requirements $2500.00 Minimum opening deposit $2500.00 required minimum    

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]]> No monthly fee, dividends compounded quarterly with no service charge.

Key Features

  • No monthly fee
  • Funds are not tied to maturity restrictions

Key Benefits

  • Dividends compounded quarterly
  • No service charge
  • Dividends begin to accrue on the business day your account opens

 

Requirements

  • $2500.00 Minimum opening deposit
  • $2500.00 required minimum

 

 

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]]> Share Savings https://www.telcu.com/share-savings/ Thu, 31 Jan 2013 07:53:08 +0000 http://test4.webbadgersites.com/index.php/2013/01/31/share-savings/ No monthly fees, competitive dividend rates & more. Key Features No monthly fees Competitive dividend rate ATM card available Minimum balance of $5 Key Benefits Taps ATM Machine Direct deposit Can apply for loans   Requirements Must be 15 yrs old $5 to open and maintain a savings account Must work for one of our […]

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]]> No monthly fees, competitive dividend rates & more.

Key Features

  • No monthly fees
  • Competitive dividend rate
  • ATM card available
  • Minimum balance of $5

Key Benefits

 

Requirements

  • Must be 15 yrs old
  • $5 to open and maintain a savings account
  • Must work for one of our Sponsors
  • Or, Must have immediate family member that’s a member in order to join (mother, daughter, sister, wife, grandmother, father, son, brother, husband, grandfather, and grandchildren).

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