Savings

From first steps to first school days to first jobs and first big goals, starting early can help build a stronger financial future. Our new First Step Savings account is a high-yield youth savings account designed to begin building savings for the future, one step at a time. Whether you’re saving for education, activities, emergencies, or simply creating healthy savings habits, getting started early can make a lasting difference.

As we introduce our new First Step Savings, we want to help you take that first step by matching your first $10 deposit.^

WHY FIRST STEP SAVINGS?

•    A dedicated savings account designed to grow alongside our young members
•    Low opening deposit to make getting started easy
•    High-yield earnings on the first $500 to help savings grow faster*

ELIGIBILITY & ACCOUNT SPECIFICS* 

•    Requires parent or guardian as joint member
•    Available to individuals ages 0 - 18
•    Minimum $5 opening deposit
•    No monthly fees
•    Primary member must be eligible for credit union membership

CONVERT YOUR CURRENT YOUTH ACCOUNT

ACCOUNT SPECIFIC DISCLOSURES: *Federally insured by NCUA. APY = Annual Percentage Yield. Terms and conditions apply. The Share (01) rate is earned on any amount equaling or in excess of $500.01. Ask for more information on the terms, conditions, fees, or eligibility that may apply to this account type. ^Tennessee Members 1st Federal Credit Union will match the first $10 deposited into a new or converted First Step Savings account, up to a maximum match of $10 per eligible account. Promotional funds will be deposited directly into the First Step Savings account and will not be provided as cash. Offer valid for the first 100 qualifying First Step Savings accounts opened or converted during the promotional period. Account must remain open for a minimum of six (6) months from the date of opening or conversion. If the account is closed prior to the six-month period, Tennessee Members 1st Federal Credit Union reserves the right to revoke the promotional deposit. Membership eligibility requirements apply. Limit one promotional match per member, per account. Tennessee Members 1st Federal Credit Union reserves the right to modify or discontinue this promotion at any time without notice.

Golden Classics is a club account for those members who are 55+ or who have retired from employment. Along with free membership, members receive one free box of standard checks per year. 

Deposit money into your Christmas Club Account throughout the year and we’ll disperse the funds into your chosen account in September. Use the money for holiday season shopping, entertaining, travel, and more!