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Savings, IRAs & Money Markets


» Regular Share Savings Account » Money Market Accounts » Share Certificates » Christmas Club
» Summer PayDays » Summer Fun » Individual Retirement Accounts

Regular Share Savings Account

When you open a savings account with The Tennessee Credit Union, you become a shareholder and owner of the credit union. The $25.00 deposit required to open this account buys your share. That's why we sometimes refer to your savings account as a share account. It represents your share of the credit union. With this account, you are now part owner and a member of The Tennessee Credit Union.

You can open a Regular Share Savings Account with just $25.  You’ll enjoy competitive dividend rates on your balance of $250 or more.  Dividends are earned on a quarterly basis and calculated using the average daily balance method.  You may make one withdrawal per month without charge.  You have access to your share savings account through your ATM card, Smart Branch online banking, Express Call audio response or at any Service Center network location.  For membership eligibility, you must maintain a minimum of $25 (5 shares) in this account.  See our current Share Rates

Money Market Accounts

Earn Money Market rates and enjoy unlimited access with a TTCU Money Market Account.  There are no restrictions on the number of withdrawals that can be made from these daily accounts and there are no fees associated with either account.  You can make transfers (certain restrictions do apply) easily on Smart Branch.

Believe it! is the Money Market account for members who deposit $2,500 or more.  Believe it! account holders can get club checks free.    

Prime is the Money Market account offering absolute liquidity and a great return.  This account pays dividends according to a tiered structure outlined on the Share Rates page.  We also have Money Market Certificates detailed on the Investment Rates page.    

Share Certificates

The Tennessee Credit Union has a wide variety of Share Certificates with very competitive rates to suit the needs of all our members.  Terms range from 91 days to 60 months, and the minimum investment for a certificate is $500.  Our certificates may also be used for an IRA account.  Although there are penalties for early withdrawal, there are no service charges on our certificates.  You can browse through the range of options for TTCU certificates on the Investment Rates page. 

Christmas Club

Holidays take time, preparation and money.  However, if you start planning early in the year, you’ll enjoy the holidays instead of dreading the stress that so often accompanies them. A simple way to start is to set up a Christmas Club account.   You can have money set aside every payday throughout the year. Or you can simply send a check whenever you wish.   Balances of $100 or more will earn dividends on a quarterly basis. 

In October we transfer your Christmas Club funds to your Credit Union checking or savings account and you're ready for the holidays. If you ever want to increase or decrease the amount that you’re putting aside, just give us a call and we’ll make the adjustment.  All rates and terms are subject to change.

Summer PayDays

Summer PayDays is designed to help teachers or other people with seasonal income spread 9 or 10 months' salary over 12 months. During the school year, automatic deposits from your net check will be made into a Summer PayDays Account and the remainder will go into your checking account. Using Summer PayDays will make your life easier and will not interrupt your regular pay schedule. 

All you need to do to start Summer PayDays is authorize your net check or payroll deduction to be sent to The Tennessee Credit Union. Then, tell us how much you want to deduct each payday to accumulate for the summer. This amount can be adjusted during the year—increased or decreased as your needs change.  Your Summer PayDays savings will be transferred into your TTCU checking or savings account on June 15, July 1, July 15, August 1, and August 15.  If you choose payroll deduction, or wish to maintain your checking account at another financial institution, automatic deposits will be made on the 28th of each month, all year long.
All rates and terms are subject to change.

Summer Fun

If you have a dream vacation in mind, this account can help you get there.  Summer Fun is a savings account with no minimum withdrawal and no minimum balance required.  Balances over $100 will earn dividends quarterly. Just make affordable deposits to your account and you’ll soon accumulate the money you need. Vacations are just one possibility. Use this account to save for any goal.

Individual Retirement Accounts

Whether you’re just starting out, raising a family, or nearing retirement, IRAs offer tremendous advantages. Ask us about the tax-savings possibilities and the latest returns on:
Traditional IRAs — Traditional IRAs generate deferred earnings, meaning you won't owe any taxes until your funds are withdrawn from the account.  You get tax-deferred growth and the potential for tax-deductible contributions.
Roth IRAs — Roth IRAs offer after-tax savings for tax-free retirement income provided you hold the Roth IRA for at least five years and don’t take distributions before reaching age 59½.  

Education IRAs — These IRAs offer tax-free earnings on withdrawals for qualified higher-education expenses, such as tuition, fees, books, and certain room and board costs. 

At your Credit Union there are no annual or monthly service fees for IRAs. They are insured to $250,000 by NCUA.



If you would like to consider other retirement and investment options, we have The Tennessee Investment Services to assist you.


TTCU transfers Christmas Club balances into our members' designated savings or checking accounts in October each year.

Don't have a Christmas Club?

You should start one for 2017. 

A TTCU Christmas Club account lets you enjoy the holidays without worrying about holiday expenses...because you already saved for them! 

A Christmas Club savings account is the simple and automatic way to save. Balances of $100 or more will earn dividends on a quarterly basis. 

Visit a branch or call us at 800-622-2535 to learn more about our Christmas Club accounts.