Share Savings

As a Timberland FCU Member, your member-owner status is represented by the shares you save or hold at the credit union. That’s why we call your savings account a Regular Share Savings Account. You must open this account with an initial minimum deposit of $5.00, and maintain that balance to remain a member in good standing.

All Regular Share Savings Accounts earn dividends from day-of-deposit to day-of-withdrawal. The dividend (interest) is calculated on the average daily balance and is paid quarterly.

For more information regarding Shared Savings accounts and transferring money, please refer to our Federal Reserve’s Regulation D page.

Christmas Club Accounts

Holiday expenses are always more easily dealt with if you are prepared for them. That is where Timberland FCUs Christmas Club Accounts can help. By saving throughout the year, you are not burdened by the expenses associated with holiday spending. Christmas Clubs earn dividends throughout the year and are disbursed October 1st. The funds are transferred to your Share Draft Checking Account or to your regular Share Savings Account. You can also opt to have a check mailed out if you prefer simply by contacting the credit union. You can make club deposits in person, by mail, by automatic transfer or through payroll deduction.

Piggy Bank Savings
Deposit Rates
AccountMinimum DepositSavings RateAnnual Percentage Yield
Share Savings$5.000.0025%0.0025%
Share Draft Checking$0.000.00%0.00%
Christmas Club$0.000.125%0.13%
IRA Savings$250.000.50%0.50%
90-Day Share$1,000.00 0.375%0.38%

Where is the safest place to save money while earning interest? In a Timberland FCU savings account! You can be sure that your deposits are safe as all Members’ funds are insured to $250,000 by the National Credit Union Administration (NCUA), an agency of the federal government.