Member Savings

Everybody needs a place to set aside a little bit of money and let it grow. True Sky Credit Union gives you options whether it be one of our Savings accounts, a Money Market account, an IRA or more, we’re here to help you meet your savings goals.

At True Sky Credit Union, all members are shareholders. Open a savings account with as little as $5 to become a member of one of the largest credit unions in Oklahoma. Dividends Paid Quarterly. Statements Issued Quarterly. One Share Gives You One Vote. Members under age 16 are not eligible to vote.

Balance Requirements Dividend Rate APR
Regular Share Savings $5.00 Minimum .05% .05% Apply Now
Special Share Savings No minimum balance .05% .05% Apply Now

APY = Annual Percentage Rate. Fees may reduce earnings. The APY assumes dividends are compounded quarterly and will remain on deposit until maturity.

Money Market

Money market accounts pay interest on your deposits while still allowing access to your funds.

  • Six free checks or transfers per month
  • Higher dividend rates than a regular savings account
  • Tiered rate structure – dividend rate increases with your balance
  • Visit any branch to open your account today
  • As with all other deposits at True Sky Credit Union, your funds are federally insured by NCUA for up to $250,000.
Balance Requirements Dividend Rate APY
Money Market Tier 1
$2,500-$24,999 .25% .25%
Money Market Tier 2
$25,000-$49,999 .40% .40%
Money Market Tier 3
$50,000-99,999 .50% .50%
Money Market Tier 4
$100,000 and up .60% .60%
APY = Annual Percentage Rate. Fees may reduce earnings. The APY assumes dividends are compounded quarterly and will remain on deposit until maturity.

Rate as of 10/1/2020 and subject to change at any time. The APY assumes dividends are compounded monthly and will remain on deposit until maturity. A penalty may be charged for early withdrawal. Fees may reduce earnings.

CD’s

Certificates of deposit, also known as share certificates, come in a variety of term lengths – you can tuck your money away for a long time, or just a little while. With a True Sky Credit Union CD, you’ll earn the stated rate as long as you don’t withdraw your funds before the end of the term. Open yours today – most terms require a minimum deposit of just $500.
Your funds are insured for up to $250,000 by NCUA, giving your investment protection you may not find elsewhere.

Balance Requirements Dividend Rate APR
90 Day CD
$1,000 .55% .55%
6 Month CD
$1,000 .70% .70%
7-12 Month CD
$1,000 .80% .80%
13-23 Month CD
$500 .90% .90%
24-35 Month CD
$500 .95% .95%
36-47 Month CD
$500 1.00% 1.00%
48-60 Month CD
$500 1.00% 1.00%

APY= Annual percentage yield. Rates effective dates vary per term. Rates are subject to change at any time. Some criteria may need to be met to earn the stated rate. Fees may reduce earnings. Early withdrawal penalties may apply. To be eligible for the 36 month CD, the member must have a checking account with direct deposit.

Rate as of 10/1/2020 and subject to change at any time. The APY assumes dividends are compounded monthly and will remain on deposit until maturity. A penalty may be charged for early withdrawal. Fees may reduce earnings.

Individual Retirement Accounts

IRAs allow you to save for the future, and True Sky Credit Union can help you maximize your retirement. In addition to $250,000 in federal deposit insurance through NCUA, your funds are separately insured by the federal government for up to an additional $250,000 through NCUA.

Traditional

A traditional is a special tax-deferred savings plan authorized by the federal government to encourage you to accumulate money for retirement. The Traditional IRA is a personal savings plan that accounts for earnings to be tax-deferred until distributed.

Roth

Make annual non-deductible contributions. Unlike a traditional IRA, in which earnings are tax-deferred, Roth earnings can be tax-free. A Roth is nondeductible, but the interest earned is tax-free if distributed for a qualifying reason. A Roth must be designated as a Roth IRA at the time it is established.

Traditional IRA

RATE (% APY)
.10%

DIVIDEND RATE
.10%

BALANCE REQUIREMENTS
$25.00 Minimum

Coverdell Education Savings Account (ESA)

A Coverdell ESA (Educational Savings Account) can help save for a child’s education expenses such as tuition, fees, books, supplies, equipment and in some cases, room and board.
Any family member or non family member can contribute to a child’s ESA as long as the income falls below the applicable income limits.
The responsible individual shall be a parent or legal guardian of the ESA owner. The responsible individual is the only one who can make withdrawals until age 30 and any balance after that age shall be distributed within 30 days.

IRA Share Savings Account

Make contributions as often as you like, up to the legal limit. Build your IRA quickly and automatically with payroll deductions.

  • Dividends accrue daily and are credited monthly
  • Statements mailed quarterly
  • Start with as little as $25

Choose any True Sky CD above for your IRA investment. Contact True Sky for more information.