Savings & Investments
|Account Type||APR*||APY**||Minimum Balance to Earn APY*|
Term Share Certificates of Deposit
|$1,000 to $5,000||$5,000.01 to $10,000||$10,000.01 to $20,000||$20,000.01 to $49,999.99||$50,000+|
|Dividend Rate/APY*||Dividend Rate/APY*||Dividend Rate/APY*||Dividend Rate/APY*||Dividend Rate/APY*|
|12 Months||0.10% / 0.10%||0.10% / 0.10%||0.10% / 0.10%||0.10% / 0.10%||0.20% / 0.20%|
|24 Months||0.10% / 0.10%||0.10% / 0.10%||0.10% / 0.10%||0.10% / 0.10%||0.20% / 0.20%|
|48 Months||0.10% / 0.10%||0.10% / 0.10%||0.10% / 0.10%||0.10% / 0.10%||0.20% / 0.20%|
|7.45% – 17.75%||Up to 48 Months|
|Type||Rates & Terms|
|Shared Secured Credit Card/ Mastercard||Minimum $500.00|
|Shared & CD Secured Loans||Contact South Texas FCU for more info|
|Recreational Unit Loans||Contact South Texas FCU for more info|
One of the most popular benefits of credit union membership is payroll deduction. With payroll deduction, you can earmark a certain amount from your paycheck to be deposited into regular share accounts and/or to make loan payments.
This service is reserved for employees of school districts who have their paychecks deposited to their STFCU account by their school district automatically each month.
Automatic transfers enable you to set up regular monthly transfers to automatically take place on your accounts and loans.
For instance you can set up for funds to transferred from your share draft to your share account, or vice versa, every month. You can also transfer to other accounts such as your children’s separate STFCU accounts that you are not under your name.
The same can be done for any open loans you might have at the credit union, an automatic transfer will take money from your regular share accounts and pay your STFCU loan on the due date or any time after (if funds are not available on due date). This loan payment option is very useful especially for those of us who sometimes forget our due dates because of our busy schedules.
With direct deposit, you can arrange for your regularly recurring income such as paychecks, Social Security, retirement, veteran’s benefits to be deposited into your share or share draft account at the credit union.
This service not only saves you the trip to the credit union to deposit funds but also excludes you from all monthly share and share draft account fees.
The depositing institution or business will have to be notified by you that you wish to have your funds deposited to your STFCU account. Once that is done your funds will be deposited automatically without further intervention by you.
The Board of Directors, as required by law, reviewed and set the rates effective May 31, 2017. Risk based lending guidelines are followed as per federal regulation. Rates are subject to change without prior notice. For further information regarding applicable fees and terms, contact an employee at any South Texas Federal Credit Union office.
Certificates of Deposit allow you to save money and earn interest at a much higher rate than share (savings) accounts. The longer the term of the certificate the higher the yield is on your interest earned. A minimum deposit of $1000 is required to open a term share account. If a withdrawal occurs before the certificate matures a penalty fee will be assessed on the account.
An IRA is yet another way to save money for your future at a higher interest rate than share (savings) accounts. The added benefit of IRA’s is that all interest accrued on the account is not taxable, which means you keep every bit of your earned interest. The IRA account is meant for retirement funds so if a withdrawal is conducted before you turn 70 1/2 years of age a penalty fee will be assessed.
Our Money Market account allows you to accrue interest on an account that functions as a share draft account. A minimum balance of $2,500 must be kept on the account for interest to be accrued and you are allowed 3 withdrawals per month on the account. If the 3 withdrawal limit is exceeded a charge of $10.00 will be assessed on the account per transaction over the 3 withdrawal limit.
Your share account (Savings Account) is the key to the credit union’s success. The savings you and other members maintain on deposit with the credit union represents your share of ownership. A minimum deposit of $5 must remain in the account if continued membership is desired.
*APR = Annual Percentage Rate
**APY = Annual Percentage Yield