Traditional Savings Account
To enjoy the many benefits of Credit Union membership, you must first open a savings account with a minimum deposit of $5. These funds will remain on deposit in your account throughout the duration of your membership in East Texas Professional Credit Union. Dividends are paid quarterly on balances of $100 or more.
Money Market Plus Account
This account is designed for those who want to earn higher dividends but also enjoy the flexibility of having withdrawal privileges. Dividends are paid monthly. By maintaining the minimum balance of $1,000, the interest earned is higher than a traditional savings account. You still have access to the funds in this account, but you are allowed minimal withdrawals in order to help your money grow.
Term Share Certificate
These higher yielding accounts are available with a variety of maturity terms that match your investment goals. Dividends earned can be paid to you quarterly or at maturity. Our Term Share Certificates allow you to secure a higher rate of return for a set period of time. A minimum of $1,000 is required to open a Certificate and a variety of terms are available. Your Certificate will receive earnings at the specified Annual Percentage Rate for the designated time period. Term Share Certificate rates are subject to change weekly. You must maintain a minimum balance of $1,000 in your Term Share Certificate on a daily basis to earn the Annual Percentage Yield (APY). The Annual Percentage Yield assumes that all interest will remain on deposit until the time of maturity.
Christmas Club Account
This account is designed to help you set aside extra money for holiday expenses. The account is opened with a minimum deposit of $10. A minimum balance of $100 is required to earn quarterly dividends. Deposits may be made at any time. Christmas Club Account funds are automatically transferred to the savings account on November 1st of each year.
Vacation Club Account
This account is designed to help you set aside extra money for holiday expenses. The account is opened with a minimum deposit of $10. A minimum balance of $100 is required to earn quarterly dividends. Deposits may be made at any time. Vacation Club Account funds are transferred to the savings account on May 1st of each year.
IRA
Plan for the retirement you have always dreamed of while you save on income taxes today with a safe and secure Traditional Share IRA, IRA Certificate, or Roth IRA. To learn more about IRAs, plan your retirement, or service an existing IRA, contact the Investments department at 903-323-0235.
(East Texas Professional Credit Union if not authorized to offer tax advice. Please consult a tax professional.)
