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Torch Lake Federal Credit Union Go to main content

Savings Accounts

We realize our members have different savings goals ranging from short-term purchases to long-term nest eggs.

Share Savings Rate - Click here.

Stop by and see a Member Representative for more information on our checking and savings accounts, or email us or call us at 906-337-5565.

Share Savings Account

-Minimum balance required to be maintained $25

-Minor Share Accounts are non-transactional and require a minimum balance of $5 to be maintained and are not subject to dormancy fees

-Share Savings Accounts are required to have yearly activity to prevent dormancy fees from being assessed at a rate of $3.00 per each month of dormancy

-Share Savings Accounts closed within the first 6 months from opening will be assessed a $25 closure fee


Share Savings Benefits

-Online banking
-Mobil app
-ATM card
-NCUA insured to at least $250,000

Because your financial safety is important to us we require US Patriot Act approved documents for account opening



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