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Transit Employees Federal Credit Union

Shares & Savings Rates

Last Modified: March 8, 2024

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Shares


Type of Account Minimum Balance Dividend Rate APY*
Regular Shares $25.00 0.30% 0.30%
Holiday Club $5.00 0.10% 0.10%
Special Savings N/A 0.10% 0.10%
Family Security Plan Share N/A
N/A
 N/A
Dividends Compounded: Monthly • Dividends Credited: Monthly • Dividend Period: Calendar Month • Minimum Balance for Dividends: Regular Shares - $25.00/ Holiday Club - $5.00/ Special Savings - $0.01. • Family Security Plan Share does not earn interest, as it is an account's payable share that is set up for those members enrolled in the Family Security Plan. • Balance Method: Average Daily Balance • Limitations: Refer to Membership and Account Agreement • Fees: Refer to Schedule of Fees. Fees may reduce earnings. • *APY = Annual Percentage Yield
 
Rates are subject to change. To obtain the most current rate information, call (301) 289-9800.

Youth Shares

Type of Account Minimum Balance Dividend Rate on First $1,000 APY* on First $1,000
Money Mouse Share $5.00 0.70% 0.70%
eVolve Share $25.00 0.70%
0.70%
Millennial Share $25.00 0.70%
0.70%
Dividends Compounded: Monthly • Dividends Credited: Monthly • Dividend Period: Calendar Month • Minimum Balance for Dividends: Money Mouse Share - $5.00 / eVolve  Share - $25.00 / Millennial Share - $25.00 • Dividend Rate and APY after the first $1,000.00: Regular Share Savings Dividend Rate/APY • Balance Method: Average Daily Balance • Limitations: Refer to Membership and Account Agreement • Fees: Refer to Schedule of Fees • Restrictions: Restrictions may apply. Fees may reduce earnings. • *APY = Annual Percentage Yield
 
Rates are subject to change. To obtain the most current rate information, call (301) 289-9800.

Paramount Money Market

Minimum Balance Dividend Rate APY*
$0.00 to $2,499.99 0.25% 0.25%
$2,500.00 to $9,999.99 0.50% 0.50%
$10,000.00 to $24,999.99 1.00% 1.00%
$25,000.00 to $99,999.99 2.00% 2.02%
$100,000.00 to $199,999.99 3.00%  3.04%
$200,000.00+ 4.00% 4.07%
Dividends Compounded: Monthly • Dividends Credited: Monthly • Dividend Period: Calendar Month • Minimum Balance for Dividends: $0.01 • Minimum Opening Balance: $0.00 • Balance Method: Average Daily Balance • Limitations: Refer to Membership and Account Agreement • Fees: Refer to Schedule of Fees. Fees may reduce earnings. • *APY = Annual Percentage Yield
 
Rates are subject to change. To obtain the most current rate information, call (301) 289-9800.

IRAs (Traditional/Roth/Educational)


Minimum Balance Dividend Rate APY*
$0.00 to $2,499.99 0.40%
0.40%
$2,500.00 to $9,999.99 0.50% 0.50%
$10,000.00 to $24,999.99 0.75% 0.75%
$25,000.00 - $99,999.99 1.00% 1.00%
$100,000.00 - $199,999.99 1.50% 1.51%
$200,000.00+ 1.75% 1.76%
Dividends Compounded: Monthly • Dividends Credited: Monthly• Dividend Period: Calendar Month • Minimum Balance for Dividends: $0.01 • Balance Method: Average Daily Balance • Limitations: Refer to Membership and Account Agreement • Fees: Refer to Schedule of Fees. Fees may reduce earnings. • *APY = Annual Percentage Yield
 
Rates are subject to change. To obtain the most current rate information, call (301) 289-9800.