Savings & Deposits
Savings & Deposits
Your Savings Deposit Account is similar to a savings account at a commercial bank, where any amount may be deposited or withdrawn at a short notice. Interest is paid on the minimum quarterly balance which is credited to your deposit account bi-annually. The net proceeds from your salary may be deposited to this account through our standing order facilities. This facility can also be used to pay utility bill, insurance, mortgage payments, UTC TTD denominated accounts etc.
Fixed Deposit Accounts attract competitive interest rates at 1.5% for varying terms.
Enjoy the many forms of savings with us. Plus there is no monthly service/ maintenance fee! Your money is your money!
Enjoy the many forms of savings with us. Plus, there is no monthly service/ maintenance fee! Your money is your money!
Savings Deposit Accounts
Savings Deposit Accounts are savings which are withdrawable on demand and not placed for a fixed period. Interest is paid on the minimum quarterly balance which is credited to your deposit account bi-annually. The net proceeds from your salary may be deposited to this account through our standing order facilities. This facility can also be used to pay utility bills, insurance, mortgage payments, UTC TTD denominated accounts etc. Savings deposit accounts are insured for deposits up to $50,000.00
Share Savings Accounts
Funds deposited to Share Savings represent members’ ownership stake in the Credit Union This directly affects the calculation of profits shared/dividends and as such, withdrawals are made via an application to the Credit Union. Share Savings are also used as collateral for loans and are insured for deposits up to $125,000.00.
Fixed Deposit Accounts
Fixed deposit accounts are savings which are placed for a fixed period and attract competitive interest rates at 1.5% for varying terms.
Youth Accounts
Membership to the Trinidad and Tobago Police Credit Union is open to members as young as one day old! Our youth members benefit from all forms of savings available at the Credit Union in addition to a reduced membership fee.