Share Rates at Telco Federal Credit Union: Best Savings Rate at 1.01% APY
Current share rates at Telco Federal Credit Union are tiered and based on the share savings account balance. The best savings share rate at Telco Federal Credit Union is currently at 1.00 percent with an APY of 1.01 percent on their Quarter Plus Savings Account.
While you can find credit union savings rates and bank savings rates slightly higher than Telco's rate it is a lot better than the average rates. Right now the FDIC's national average savings rates at banks is only 0.09 percent. Telco's share savings rate is more than 10 times the national average.
In order to get the 1.00 savings rate and 1.01 percent APY on the Quarter Plus Savings Account you just have $500,000 or more deposited in the account. Since the deposit is that large the when you compare rate against jumbo savings rates it is also a lot better than the FDIC's average jumbo rate of 0.09 percent.
Other share rates are not as high as the jumbo rate. Current share rates on the Quarter Plus Savings Account on balances of $2,500 to $9,999 is at 0.50 percent with an APY of 0.50 percent. While that rate is better than the FDIC's you certainly can get a better rate. Right now on our rate tables ther are many banks offering savings account rates well above that rate.
Quarter Plus Savings Account Dividend Rates
Prime Savings Account Dividend Rates
Club Savings Account Dividend Rates
To see how these rates compare with current savings account rates at banks use our rate tables below: You can find the highest savings rates both locally and nationally.
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