Establish Your CTFCU Membership with a Prime Share Savings Account
Your Prime Share Savings Account is the foundation of your membership at Carolinas Telco Federal Credit Union (CTFCU). Your initial $5 deposit gives you a share of our growing credit union and allows you to apply for any product or service offered.
What is a Share Savings Account?
As a credit union, we have a people focus that you won't find at a regular bank. Carolinas Telco FCU is owned by our members, meaning our profits go back to you in the form of reduced fees and better rates! A Prime Share Savings account is your share of the credit union, purchased and maintained with your $5 deposit, giving you access to apply for our other products and services.
Benefits of Membership
Gain access to other CTFCU products and services
Competitive borrowing and dividend rates
Quick and convenient access to your accounts through Online & Mobile Banking
Savings are federally insured to at least $250,000 by the NCUA
Savings Rates
| Account Type | Dividend Rate | Annual Percentage yield (APY) | Minimum Opening Deposit | Minimum balance to avoid a service fee | Minimum balance to earn the stated APY | Account limitations |
|---|---|---|---|---|---|---|
| Prime Share Savings | 0.10% | 0.10% | $5.00 | $5.00 | $5.00 | N/A |
| Special Savings | 0.10% | 0.10% | $- | $- | $- | N/A |
| Vacation Savings | 0.35% | 0.35% | $- | $- | $- | N/A |
| Christmas Club | 0.35% | 0.35% | $- | $- | $200.00 | Account Withdrawal Limitations Apply |
| IRA Savings | 0.35% | 0.35% | $50.00 | $- | $- | N/A |
| Health Savings | 0.60% | 0.60% | $- | $- | $- | N/A |
| Estate Savings | 0.25% | 0.25% | $5.00 | $5.00 | $5.00 | N/A |
| Trust Savings | 0.25% | 0.25% | $100.00 | $- | $- | N/A |
