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Transit Employees Federal Credit Union

Shares & Savings Rates

Last Modified: June 1, 2018

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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. 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 Booklet • Fees: Refer to Schedule of Fees.
*APY = Annual Percentage Yield

Youth Shares

Type of Account Minimum Balance Dividend Rate on First $1,000 APY* on First $1,000
Dollar Dog Share $5.00 0.95% 0.95%
Cha-Ching Share $25.00 0.95%
0.95%
The Edge Share $25.00 0.95%
0.95%
Dividends Compounded: Monthly • Dividends Credited: Monthly • Dividend Period: Calendar Month
Minimum Balance for Dividends: Dollar Dog Share - $5.00 / Cha-Ching Share - $25.00 / The Edge Share - $25.00
Dividend Rate and APY after the first $1000: Regular Share Savings Dividend Rate/APY
Balance Method: Average Daily Balance • Limitations: Refer to Membership Booklet • Fees: Refer to Schedule of Fees • Restrictions: Restrictions may apply. 
*APY = Annual Percentage Yield

Paramount Money Market

Minimum Balance Dividend Rate APY*
$500.00 to $2,499.99 0.25% 0.25%
$2,500.00 to $9,999.99 0.45% 0.45%
$10,000.00 to $24,999.99 0.50% 0.50%
$25,000.00 to $99,9999.99 0.55% 0.55%
.00 to $100,000+ 0.60%  0.60%
Dividends Compounded: Monthly • Dividends Credited: Monthly • Dividend Period: Calendar Month • Minimum Balance for Dividends: $500.00 • Minimum Opening Balance: $500.00 • Balance Method: Average Daily Balance • Limitations: Refer to Membership Booklet • Fees: Refer to Schedule of Fees.
*APY = Annual Percentage Yield
 

IRAs (Traditional/Roth/Educational)

 
Minimum Balance Dividend Rate APY*
$0.00 to $2,499.99 0.45%
0.45%
$2,500.00 to $9,999.99 0.75% 0.75%
$10,000.00 + 1.00%  1.00%
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 Booklet • Fees: Refer to Schedule of Fees. • *APY = Annual Percentage Yield