Account Types
UTFCU offers a variety of convenient savings account options that help you reach your goals.
Primary
Saving is made simple at UT Federal Credit Union. Open a Primary Savings Account with just a $5 deposit and start earning competitive dividends when you keep a minimum daily balance of $200.00, which are paid out quarterly. This savings share establishes your membership and makes you an owner of the credit union.
Once you're a member, you're a member for life, regardless of whether you move, change jobs or retire.
Interested in other savings options? Check out our other account types and our high-yield Share Certificates.
Choice
Keep your funds saved for special purposes separate from your primary savings. Saving for vacation? A project? Fun money? The choice is yours.
U Earn Savings
Maximize your savings with U Earn Savings, our new high-yield savings account designed to help you grow your money faster. With a competitive, tiered rate, you can earn even more when you pair your savings with a UTFCU checking account and regular direct deposits.
Rates
| Account | Dividend Rate | APY** |
|---|---|---|
| Regular Shares | 0.05% | 0.05% |
| Health Savings – $.01 and up | 0.10% | 0.10% |
| Holiday Club | 0.50% | 0.50% |
| Cumulative IRA | 0.10% | 0.10% |
*Maintenance or activity fees could reduce earnings on the account. **APY = Annual Percentage Yield. Shares insured up to $250,000 by the NCUA, an agency of the Federal Government. IRAs are insured for up to $250,000. | ||
| Account | Dividend Rate | APY** |
|---|---|---|
| U Earn Savings*** - $25,000 - $99,999 | 2.96% | 3.00% |
| U Earn Savings*** - $100,000 - $249,999 | 3.45% | 3.50% |
| U Earn Savings*** - $250,000 and over | 3.93% | 4.00% |
*Maintenance or activity fees could reduce earnings on the account. **APY = Annual Percentage Yield. Shares insured up to $250,000 by the NCUA, an agency of the Federal Government. IRAs are insured for up to $250,000. ***APY = Annual Percentage Yield. Dividend rate displayed is subject to change without notice. This is a tiered account. Minimum deposit of $25,000. Higher dividends are earned when you maintain a UTFCU consumer checking account and receive at least $500 in total direct deposits per month. If qualifications are not met, account earns the regular share rate. Federally insured by NCUA. | ||