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Savings & Money Market

Grow Your Savings at TEG Federal Credit Union

Fill your piggy bank the smart way. If you’re saving pennies for a rainy day, planning for something special, or simply saving for the future, TEGFCU can help you achieve your savings goals. Whether you need a straightforward savings account or want to watch your savings grow over several years, there’s an account that’s just right for you. Explore our savings accounts with competitive interest rates and save automatically when you set up direct deposit or recurring transfers. Open your Savings Account online now and watch your money grow.

Reach your goals with a savings account that fits

The first step in becoming a TEGFCU Member is opening a Primary Share Savings Account. As a member-owned financial cooperative, your Primary Share Savings account establishes your “share” of the credit union. Membership couldn’t be simpler, your initial $5 deposit says you’re one of us. It also gives you access to our other great products and services, as well as voting rights in the credit union.

This all-purpose savings account is a great way to save for whatever’s important to you.

Whether you’re saving for a specific goal or a special purchase, establishing a separate account will help you easily measure your progress and keep track of your funds.

  • No minimum deposit required
  • Earn dividends on balances over $100 (view rates)
  • Unlimited access to funds
  • Convenient account access with digital banking.

If liquidity and security are important to you, choose our money market account. You’ll earn a higher yield while maintaining easy access to your funds. With tiered dividend rates based on your balance, you’ll earn more for saving more.

  • No minimum required to open
  • Minimum balance to earn dividends: $1,000
  • Dividends compounded and credited monthly (view rates)
  • Maximum of six withdrawals or transfers to another credit union account or to a third party by means of preauthorized, automatic or computer transfer or telephonic order or instruction. No more than three of the transfers may be made by check, draft or similar order to a third party.
  • Convenient account access with digital banking.

Set money aside ahead of time to reduce the stress of the holiday season.

  • No minimum deposit required
  • Earn dividends on balances over $100 (view rates)
  • Payout occurs in October (early withdrawals are subject to a fee)
  • Convenient account access with digital banking.

Use this calculator to figure how much your current savings will grow and how much more you’ll need to save each month in order to achieve a given savings goal within a given number of years.

Save with confidence — You’re NCUA-insured

TEGFCU offers a safe place to save money, with deposits insured by the National Credit Union Administration (NCUA) up to $250,000 per individual depositor. The full faith and credit of the United States backs the Share Insurance Fund.

Join TEGFCU

At TEGFCU, your best interests have always been our focus. As a better alternative to banks, our mission is simple, to help you get to a better place financially.

Membership is open to anyone (and their immediate families) who lives, works, worships, or attends school in Dutchess, Orange, Ulster, Putnam, Rockland, Sullivan, and Westchester County, NY. A $5 minimum deposit opens the door to all the benefits of being a valued TEGFCU member.

Explore Our Products

Looking for a loan that breaks the mold of traditional lending?
Turn to lenders who think outside the box.

Searching for a free checking account with no monthly maintenance
fees or minimum balance requirements? Look no further than our
Truly Free Checking.

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Been using their services for years. They truly make members feel like family. From sitting down to apply for a loan, to simply depositing a check they always make an effort to ensure all customer needs are met. Thank You.

Devon C.

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Best bank in the Hudson Valley hands down. Very consumer friendly, customer service is outstanding, and will be a lifelong customer.

Zach M.

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Scott was great to work with! Scott helped explain all the different mortgage options available to us and made recommendations based on our specific needs. He was able to streamline the process making it easy for us with our busy schedules.

Anonymous

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Matt and TEGFCU staff helped us with everything we needed and we greatly appreciate him. As first-time home buyers all our questions were answered promptly with no problems and highly recommend their services.

Anon., Newburgh, NY

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The people who work here are so nice and friendly. They’ve gone above and beyond in answering my questions and helping me with my car loan and banking. Great people!

Jason R.

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