Transit Employees Federal Credit Union
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The TEFCU Paramount Money Market

The membership has spoken...  You asked for a share that was more liquid than a certificate but paid more dividends than the share savings - we give you The Paramount Money Market (PMM for short)!

You'll be able to reach new heights in savings - the more money you stack, the higher the dividends you earn.  But let's get right to the details:

  • Low Minimum Opening Balance: $2,500.00

  • Minimum Balance to Earn Dividends: $0.01

  • Term: None

  • Fees: Just like your share savings, enjoy 3 Free withdrawals per quarter; thereafter, $5.00 each

  • Rates:  Please see our Current Rates page for the most up to date rates

So what are you waiting for?!  Request the Paramount Money Market from your Account Services Specialist today and start earning almost 3 times that of your savings account!

This product not for you?  Check out our current rates to find your match >>>

The TEFCU SAYGo Cert

We understand that sometimes, you don't have a lump some of money to open a Certificate of Deposit.  That's why we developed the Save As You Go Certificate (The SAYGo Cert)!  And we're going to reward you with higher dividends while you save!

So what is a SAYGo Cert?

  • Minimum Opening/To Earn Dividends:  EXTREMELY low - $25.00

  • Term: 12 months

  • Funding Options:  Additional deposits required through EFT transfer and other, one time deposits are allowed at any point during the term (minimum $25.00)

  • Penalties:  Early withdrawal penalties apply (just like any other certificate) and may reduce earnings.

  • Renewal:  Automatically renews with prevailing rate at maturity

  • Rates:  Please see our Current Rates page for the most up to date rates

So basically, you start small and end BIG!  This certificate allows you to start a savings plan that earn higher dividend rates then your savings, getting you to that goal of a lump sum of money to earn even higher rates!

Let's keep that New Year's Resolution this year and start a savings plan with the SAYGo Cert and TEFCU!  Request one from your Account Services Specialist today and start earning more 3 times that of your savings account!

This product not for you?  Check out our current rates to find your match >>>

The TEFCU Youth Certificate

Isn't it time to start saving for the young adults in your life?  The Youth Certificate is a great tool to earn more in less time... because those educational bills of tomorrow are right around the corner!

We have available two NEW Youth Certificates:

  • Minimum Opening/To Earn Dividends:  EXTREMELY low - $25.00

  • Term: 6 Month & 24 Months

  • Rates: Please see our Current Rates page for the most up to date rates

  • Penalties:  Early withdrawal penalties apply (just like any other certificate) and may reduce earnings.

  • Renewal:  Automatically renews with prevailing rate at maturity

  • Account Restrictions:  Youth Certificate only available on accounts with a Primary Member 18 years of age or below.

TEFCU wants to be here to help you save for the children in your lives as well as teaching the Youth of TEFCU the importance of savings.  Let's work together to make this happen, open a Youth Certificate TODAY!  Simply request one from your Account Services Specialist.

This product not for you?  Check out our current rates to find your match >>>

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