Savings

Touchstone FCU offers a variety of savings accounts to help you tackle large expenses or just prepare for a rainy day.

Share Savings Accounts

Money Market Accounts

Share Certificates

Club Accounts

IRAs

Truth in Savings

Share Savings Accounts
Get into the savings habit with a share savings account from Touchstone FCU.

Open and maintain membership with a minimum balance of $25
Competitive interest rates
Unlimited deposits and withdrawals at our branches
Use your Visa ATM/Debit Card to make up to five free withdrawals per month
Convenient monthly statements and eStatements
Contact Member Services for more information or apply online

Money Market Accounts
Earn a higher rate of interest while maintaining the liquidity of your funds with a money market account.

Minimum opening balance $2,500
Earn tiered dividend rates according to your balance
Make six transactions per month, three of which may be withdrawals

Contact Member Services for more information or apply online.

Share Certificates
Touchstone FCU’s Share Certificates are a risk-free way to save for short- and long-term goals. Earn an attractive dividend rate with a guaranteed return. There is a penalty for early withdrawal of funds before the end of the Share Certificate term. Contact Member Services for more information or apply online.

Club Accounts
Touchstone FCU’s club accounts are ideal for planning for annual expenses. We offer both holiday club accounts and all purpose club accounts. Direct a weekly payroll deduction to your club account to save for the holidays, your next vacation, or annual tax or insurance bills.

Holiday Club Accounts
Holiday club accounts require no minimum balance, and contributions and can be made by payroll deduction, mail, TouchTone Teller, or touchstone@home. Funds are transferred to your share account the first week in October. Deductions may start anytime during the year.

Contact Member Services for more information or apply online.

All Purpose Club Accounts
All purpose club accounts require no minimum balance, and contributions and can be made by payroll deduction, mail, TouchTone Teller, or touchstone@home. You may make withdrawals up to four times a year. Members use all purpose club accounts to save for tax bills, vacations and other expenses.

Contact Member Services for more information or apply online.

Plan for the Future with an IRA
An Individual Retirement Account (IRA) is a smart way to plan for retirement, education and home ownership. Touchstone FCU offers both Traditional and Roth IRAs. You pay no annual fees, and IRAs are insured by the National Credit Union Administration for up to $100,000.

Benefits of a Traditional IRA
A Traditional IRA lets you reduce your taxable income while saving for retirement. Your contributions are fully or partially tax-deductible, depending on your income and tax-filing status. For 2011, the maximum contribution is $5,000 for individuals under age 50 and a maximum of $6,000 for individuals who turn age 50 or older before the end of 2011. The earnings grow tax-free until withdrawal. (It's not too late to contribute for 2011: you have until April 15, 2012. Up to $5,000 for individuals under 50 and up to $6,000 for individuals who turn age 50 or older before the end of 2011!)

Benefits of a Roth IRA
With a Roth IRA, your contributions are not tax deductible, but you may withdraw contributions tax-free at any time. Your earnings grow tax-free, and you may withdraw interest earned free of any taxes and penalties if you hold the account for five years and are buying your first home, or if you are 59 1/2.

Get Started
To learn more about the rules for Roth and Traditional IRAs and decide which type is right for you, contact Member Services.

Truth in Savings
Read our Truth in Savings disclosure and Ammendments for a full explanation of Touchstone FCU’s policies and procedures for deposit accounts.