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Savings Accounts

0.30% APY*
Regular Savings
2.00% APY*
Kasasa Saver
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Regular Savings

A Regular Share Savings account establishes your membership with Texas Tech Credit Union, and allows you to earn competitive dividends every quarter.*

Features:

  • $5 minimum balance to earn dividends
  • No monthly service fee
  • Establishes membership at TTCU
  • Competitive dividends paid quarterly
  • Free e-Statements
  • Free Online Banking
  • Up to 6 withdrawals included per month; low $5 fee thereafter
  • Student Share Savings available to establish student membership

Kasasa Saver®

Kasasa Saver® is a free savings account that links to your free Kasasa Cash Back® checking account.  When your Kasasa Cash Back checking account earns rewards, your Kasasa Saver account earns rewards too!  See qualification methods below.*

Features:

  • No minimum balance to earn rewards
  • No monthly service fee
  • 2.00% APY* on balances up to $25,000 when you qualify
  • .25% APY* on balances over $25,000 when you qualify
  • .05% APY* on all balances if you don’t qualify
  • Free eStatements
  • Free Online Banking
  • Up to 6 withdrawals included per month; low $5 fee thereafter
  • Automatic transfer of rewards to help you save
*Rate Information
  • APY = Annual Percentage Yield.
  • Fees may reduce earnings.
  • Rates subject to change.
*Regular Savings Information

The Regular Share savings account is required to be opened by all members. The funds deposited in these accounts represent the shares held by the members in the credit union. This account requires a minimum of $5 to be deposited at all times.

 

Dividends are paid at the prevailing rate disclosed on the credit union’s most recent rate sheet. Dividends are computed based on the daily balance of the share account and are paid on a quarterly basis. Outstanding dividends may not be paid for account closed before dividends are posted.

 

An early closure fee of $25 will be assessed for all share savings accounts that are closed within 13 months of opening.

 

The share savings account is limited to six withdrawals per month. For each withdrawal thereafter, a fee of $5 will be assessed.

 

Statements will be mailed out a minimum of once a quarter at the end of the third month of the quarter. Members may receive more than one statement per quarter.

 

Checks deposited in the Regular Share Account should be allowed time to clear before being withdrawn. If a hold is placed on a deposited check, you will be informed at the time of deposit. For more information refer to the credit union’s funds availability policy included in this document.

*Kasasa Saver Qualifications

Kasasa Saver is only available for Kasasa Cash Back checking account holders.  To earn rewards, the following transactions must post & settle to your Kasasa Cash Back checking account during the Monthly Qualification Cycle:

  • 10 debit card purchases post and settle
  • 1 electronic online bill payment or ACH debit posts and settles
  • Be enrolled in and receive e-Statements

Didn’t qualify one month? Don't worry - the account is still free!  You can qualify the very next month.

Qualification Information: Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account's rewards. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, debit card purchases processed by merchants and received by Texas Tech Federal Credit Union as ATM transactions, non-retail payment transactions, and purchases made with debit cards not issued by Texas Tech Federal Credit Union. "Monthly Qualification Cycle" means a period beginning one (1) banking day prior to the first day of the current statement cycle through one (1) banking day prior to the close of the current statement cycle.

 

Reward Information: When your Kasasa Cash Back account qualifications are met during a Monthly Qualification Cycle, the following rewards will be distributed to your account(s) on the last day of the current statement cycle: Kasasa Saver: Balances up to $25,000 receive an APY of 2.00%; and balances over $25,000 earn .25% interest rate on the portion of balance over $25,000, resulting in a range from .60% to 2.00% APY depending on the account's balance. Kasasa Cash Back: 2.00% cash back on up to a total of $400.00 in debit card purchases that post and settle to the account during that cycle period. A maximum of $8.00 cash back may be earned per Monthly Qualification Cycle. You will also receive reimbursements up to $25 for nationwide ATM fees incurred during the Monthly Qualification Cycle in which you qualified. When Kasasa Cash Back qualifications are not met, Kasasa Saver: All balances earn .05% APY. Kasasa Cash Back: No cash back payments are made and ATM fees are not refunded. APY = Annual Percentage Yield. APYs accurate as of 4/1/2018. Rates and rewards are variable and may change after account is opened. Fees may reduce earnings.

 

Additional Information: Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. $5.00 minimum deposit is required to open the account. Enrollment in electronic services (e.g. online banking, electronic statements, and log-ons) may be required to meet some of the account's qualifications. Limit 1 account per social security number. A Kasasa Cash Back account is required to have a Kasasa Saver account. A linked Kasasa Saver account is required for automatic savings. There are no recurring monthly service charges or fees to open or close this account. Contact a Texas Tech Federal Credit Union service representative for additional information, details, restrictions, processing limitations and enrollment instructions. Federally insured by NCUA. Kasasa Cash Back and Kasasa Saver are trademarks of BancVue, Ltd., registered in the U.S.A.

*Kasasa Cash Back Qualifications
To earn rewards, the following transactions must post and settle during the monthly qualification cycle:
 
  1. Have at least 10 debit card purchases post and settle
  2. Have at least 1 electronic online bill payment or automatic payment (ACH) post and settle
  3. Be enrolled in and receive eStatement notices
Debit purchases must post to and settle during the monthly qualification cycle and may not exceed $8.00 per monthly qualification cycle.
 
APY=Annual Percentage Yield. APYs accurate as of 8/01/2013. *When monthly qualifications are met, you receive 2% cash back on debit card purchases that post to and settle to the account during monthly qualification cycle up to a total cash back of $8.00 per monthly qualification cycle. Qualifying transactions must post to and settle to the account during monthly qualification cycle. Transactions may take one or more banking days from the date the transaction was made to post to and settle to the account. ATM-processed transactions do not count towards qualifying debit card transactions. "Monthly Qualification Cycle" means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. Domestic ATM fees incurred during qualification cycle will be reimbursed up to $25 if qualifications are met within monthly qualification cycle. Transfers between accounts do not count as qualifying transactions. Limit one account per SSN. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher.

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