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 Saving for retirement? Planning a big vacation? Sending kids to college? No matter what your plans, Telephone Workers' Credit Union can help you save for the future. Share Account
Our Share account establishes membership with the credit union as well as voting privileges at the annual meetings. This account can be opened for as little as $5! Dividends are compounded daily and paid monthly. Deposits and withdrawals can be made in person, by mail, by payroll deduction, by transfer via MoneyLine or by wire transfers. You can also access your account through our ATM network. Money Market Account
With a Money Market account, you earn money market rates every day that your balance is $2,500 or more. If your balance drops below $2,500, you will earn the dividend rate on our Regular Share account. Dividends are compounded daily and paid monthly. Unlimited deposits can be made in person, by mail, payroll deduction, transfer via MoneyLine, and wire transfers. Only three withdrawals per month are permitted. A minimum deposit of $2,500.00 is required to open a Money Market account. Certificates of Deposit
Our Certificates of Deposit are available for terms ranging from 3 to 60 months. The rates on Certificates of Deposit are guaranteed for the term of the certificate, dividends are compounded daily and paid monthly. The minimum deposit to open a 3-month to 18-month certificate is $1,000 and the minimum opening deposit for a 24-month to 60-month certificate is $500. Early withdrawals of principal are subject to a substantial penalty.
Individual Retirement Accounts (IRAs) Set aside money for your retirement or education needs. TWCU offers a variety of traditional IRAs, Roth IRAs, and Education IRAs. No matter which IRA option you choose, saving with the Telephone Workers' Credit Union offers you two key advantages: there are no annual fees and your contributions and earnings are insured in full. Compare all of your IRA options here! Christmas Club Account
Avoid huge credit card bills and fees in the new year. Start saving now for holiday spending with a Christmas Club account. Dividends earned on these accounts are set at an annual simple interest rate and must remain on deposit for the entire year. Christmas Club funds will be automatically transferred to the member's regular Share account following the dividend posting on October 31 of each year. Deposits may be made in person, by mail, payroll deduction, or transfers. Vacation Club Account
Does the idea of taking a vacation just seem like a dream? Whether your dream vacation is a month in Europe or two weeks with the kids in Florida, a Vacation Club account can make your dreams a reality. Dividends earned on these accounts are set at an annual simple interest rate and must remain on deposit for the entire year. Vacation Club accounts can be opened at any time of the year and have a maturity date of one year from the day of opening. Deposits may be made in person, by mail, payroll deduction, or transfers. Rainy Day Club Account
Need to put money aside for another purpose other than Christmas and a vacation? Open a Rainy Day Club Account and you can choose when you want the club account to mature - available terms range from 3 months to 60 months. The rate of your club account will be equal to the rate on the corresponding Certificate of Deposit. For example, if you select a maturity date of 3 months you will receive the same rate as our 3-month CD is earning!
For more information on any of these products, please call our Member Service department at (617) 439-6500.
Check out our current dividend rates! |
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