Savings – Toledo Teachers Credit Union Ltd.

Savings

TTCU – Where Financial Empowerment Begins

Discover the range of savings account tailored to meet your unique needs, whether you’re saving for short-term goals, building an emergency fund, or planning for long-term objectives.

At TTCU, we understand the importance of savings as a foundational element of financial well-being. Our commitment to empowering our members financially begins with our Share Savings account, a cornerstone offering that serves as the gateway to a world of diverse financial services.

Select any of our savings account below to discover more details about each account type.

Shares Account

Our Share Savings account allows you to become a lifetime TTCU member for as little as $20.

Regular Deposit

Our Regular Deposit account allows you to save, and easily access funds through the ATM and/or over the counter!

Fixed Deposit

The Fixed Deposit account is an interest-bearing account which allows for higher interest to be paid on a yearly basis.

Shares Account

The Share Savings account is equity in the Credit Union and so members are not allowed to withdraw until membership termination. It is paid an annual dividend at the end of the fiscal year, which starts in April and ends in March of the following year.

Characteristics of Share Products:

Minimum opening deposit of $20.00

Dividend is paid annually on the account.

Can be used as a collateral for a loan.

Charged a yearly fee of $10.00 ($4 membership fee and $6 account maintenance fee).

Regular Deposit Account

This account is a non-interest bearing, short-term savings account that can be used for daily transactions. Funds in this account are accessible through the ATM and no minimum deposit is required.

Characteristics of a Deposit Account:

No minimum deposit is required.

Non-interest-bearing account.

Salaries are deposited into this account.

Accessible through the ATM and over the counter.

You can save towards a goal by making regular deposits via salary deduction.

No fee charged for withdrawal (except if withdrawn from an ATM other than TTCU’s).

Fixed Deposit Account

Members can invest their funds into this account at a fixed term of one (1) year. The nature of the fixed deposit account allows for higher interest to be paid on the account at a yearly basis. It is possible for the member to cancel these accounts at any given time but will forgo any unpaid interest as a penalty.

Characteristics of a Fixed Deposit Account:

Fixed term investment

Interest rate paid monthly but accessible by the member quarterly.

High minimum opening account of $3,000.

Range	Rates
$5,000 – $10,000	1.75%
$11,000 and above	2%