Regular Savings

The Advantages of Having a Savings Account

Savings accounts provide you with a risk-free way to put money aside, be it for tomorrow or for a retirement many years away. Having a savings account will help to give you peace of mind as it enables a person to plan for whatever he/she desires to accomplish, purchase, or repair.

You can use your UTFCU Savings Account for any planned or unplanned expenses you may have – so why wait? Open a UTFCU Savings Account now!

REQUIREMENTS:

  • $5.00 minimum cash withdrawal

  • Two free withdrawals per month

  • $0.75 for additional withdrawals

  • Limit of $500.00 cash withdrawal per day

  • Checking account members – all withdrawals free

  • Returned mail (bad address) fee – $2.00

  • Dormant fee – $5.00 monthly (no activity for 12 months)

Certificates (CD)

Why Certificate?

CDs are among the safest investments a person can make. The interest rate is determined ahead of time, and you’re guaranteed to get back what you put in, plus interest once the CD matures. What’s more, if something happens to UTFCU, your deposit is insured by the FDIC for up to $250,000.

SAVINGS CERTIFICATES

12, 24, 36, 48 and 60 months – $1,000 minimum
Early withdrawal penalty 12, 24, 36 months = 90 days dividends; 48, 60 months = 180 days dividends

IRA CERTIFICATES

12, 24, 36, 48 and 60 months – $2,000 minimum
Early withdrawal penalty 12, 24, 36 months = 90 days dividends; 48, 60 months = 180 days dividends

Individual Retirement Accounts

$100 minimum, $10.00 annual fee, <$500 balance