Savings Account Tips, Info & FAQs
Take advantage of all the products and services we offer.
A savings account is the gateway to your United Texas membership. Once you open an account with us, you gain access to an array of quality financial services. No matter what you’re saving for, we can help you reach your goals.
Four tips for maintaining a healthy savings account:
Every little bit counts
So maybe you can’t afford to save the recommended 12.5% of every paycheck. That’s OK. Start with what you can spare. Even if you only save $10 a week, after two years you’ll have more than $1,000. And after a few weeks of saving $10, you may find that you can afford to save a little bit more.
Set it and forget it
A savings account with direct deposit means you can save without even thinking about it. Think of it like automatic bill pay, only this time you’re paying yourself. Plus, this strategy lets you earn a little bit of interest on your savings.
We’re not talking about a second career, just a side hustle so you can stash that money straight in your savings account. You can freelance on the weekends, babysit for friends or even pick up a part-time job. Even if it doesn’t pay as well as your main gig, it’s still worth it to have some extra cash on hand.
Tighten your belt
Take a look at a month’s worth of expenses. What are you buying that you could go without? Fancy coffee? A gym membership? Netflix? OK, no one can go without Netflix. But maybe you can take up jogging instead of paying for that gym pass you never use? Decide which luxuries you can go without, even temporarily, and re-route that $10 a month to your savings account. Hot yoga is nice, but nothing feels as good as a little peace of mind.
What is the minimum opening deposit amount?
Can I get a debit card?
Yes. We offer instant issue cards in all of our branches or, if you prefer, we can also order a chip card for you that you’ll receive by mail.
Does this account earn interest?
Yes. Dividends are calculated on the daily balance during the dividend period and paid on the first day of the following month
Are there any fees with this account?
You may incur a transaction fee if you exceed our monthly withdrawal limits. As long as the account is active, there are no monthly service fees associated with this account.
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Savings Account Rates & Calculator
Information and interactive calculators are made available to you as self-help tools for your independent use. We cannot and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
|Balance of $5.00 and Over||0.05% APY*|
*APY = Annual Percentage Yield. APY is accurate as of January 1, 2018, and may change after the account is opened. Dividends are calculated on the daily balance during the dividend period and paid to the account monthly. Fees or other conditions could reduce the earnings on the account. Payment of all dividends is subject to availability of earnings.
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Savings Account Why United Texas
- Establish membership
- No monthly fees for active accounts
- Monthly dividends
- Access to United Texas financial services
- Shared branching and extended hours
I highly recommend United Texas. Highly professional and very friendly.Robert A. Member since 2008
Absolutely wonderful experience every time I stop by the bank. Real people not phone booths! Big bank down home feeling.
Hi Scott - thanks so much for letting us know about your recent experience with us. Your feedback is greatly appreciated. We're so thankful that you're a member and we look forward to serving you and your family now and in the future. Have a fabulous holiday season! - Karla
I recently moved to SA and was looking to become a member of a Credit Union and move away from regular banking institutions. I researched some nearby Credit Unions and decided to go with UTXCU. I applied online and was assisted by Jess S. He was an amazing help and assisted me with all of the information needed to become a member. This is the kind of member services I was looking for. I am beyond appreciative of Jess and am happy I chose UTXCU. I'm hoping Jess gets the chance to see this message, keep doing what you're doing!
Hi Edgar - thanks so much for your feedback on the service you received from Jess. We know there are many choices out there when it comes to financial services and we sincerely appreciate your choice to do business with United Texas. I will make sure Jess (and his manager) see your glowing review. Thanks again Edgar, and welcome to the United Texas family! - Karla
NOT HAPPY I AM BEING CHARGED $5.00 A MONTH ON MY SAVINGS ACCOUNT , SO I AM GOING TO CLOSE IT BEFORE THERE IS NOTHING LEFT. SINCERELY!! HCD
Henry - Thank you for your feedback. Unfortunately, that fee is in place to encourage members to use their accounts. To avoid the fee, you may perform any transaction (such as a deposit or withdrawal of any amount). Your account will then be considered to be active and the fee will not be charged. We hope you will reconsider your decision; we sincerely value your membership. If you have any questions or need more information, please contact us at 561-4500. We hope you and your family have a happy and safe holiday season.
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Savings Account How it Works
You can set up a United Texas savings account in just a few simple steps
Contact us in person or online.
Complete a membership application with valid photo ID
Make a $5.00 deposit
Congratulations! You may now take advantage of all United Texas products and services.
Related Products & Services
Enjoy the convenience of shared branching and extended hours.
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Per Regulation D, this account is not considered to be a transaction account, therefore, United Texas CU must limit transactions on this account to any six restricted transactions during the statement period. You may make unlimited unrestricted transactions from this account, however, normal transaction fees will apply. An Excessive Transaction Fee will be imposed on each transaction exceeding six (whether restricted or unrestricted) as per the Fee Schedule.