Service

Saving

svgtccu


Retirement Savings Plan

 

  Adolescent Savings Plan (ASP)

  • To encourage members and potential members to plan for their retirement
  • To provide source of income on retirement
  • To provide a guaranteed long-term returns on member's investment.

      How to Access the Plan:

  • Select a retirement date or the maturity date of the fund.
  • Decide on the amount of money he/she wishes to receive when the fund matures.
  • May make a lump sum, monthly or annual payment to the fund.
  • Returns
  • The plan offers an interest rate of 4% per annum on the average annual balance.
  • Payment will be made on the first working day after the maturity date of the plan.
  • Participants may accept full lump sum payment or may agree to an installment payment.
  • If death occurs before the maturity date of the plan, the fund will be paid by his/her named beneficiary upon the submission of proper identification.
  • Payment of Benefit

 Click to download application form

 

  • Designed for children from birth through to secondary education
  • Minimum amount $10.00 per month
  • 5% discount at our Bookshop for all students on the plan
  • 5% paid on savings per annum
  • Eligible to be considered for scholarship and book vouchers
  • Participants must be registered for a minimum of 4 months or have at least $40.00 savings to receive full benefits

       Payment of Benefits

  • Payment will be made on the first working day after the maturity date of the plan
  • Participants may accept full lump sum payment or to agree to installment payment
  • If death occurs before the maturity date of the plan, the fund will be paid to his/her named beneficiary upon the submission of proper identification

 

 

 Click to download application form 

 

School Supplies Savings Plan

 

Christmas Savings Plan

 
  • Designed specifically for Back to School Shoppers and Travel purposes
  • Members and non-members can use this account.
  • Minimum amount $25.00
  • Attracts a 4.5% interest per annum on the average quarterly balance.
  • Withdrawal before June 30th results in the lost of interest earned.
  • With this account, members are entitled to a discount up to 10% at the SVUT School Supplies Outlet.

 

 Click to download application form 

 
  • Designed specifically for Christmas Shoppers
  • Eases the financial burden at Christmas
  • Helps with proper budgeting.
  • Minimum amount $25.00
  • Attracts a 2.5% interest per annum on the average quarterly balance.
  • Withdrawal before December 1st results in the lost of interest earned for the period.

 

 Click to download application form

 

Junior Savers

     
  • Designed for persons under the age of 14 yrs
  • Attracts up to 4% interest per annum on the average quarterly balance
  • Minimum amount of $25.00
  • Transferable to a membership account upon attaining the age of 14

 

 Click to download application form

     

 

 

NB   The Board reserves the right to make adjustments to the interest rates as it becomes necessary

 

 Call (784)457-2947 or visit our nearest branch today for more details.

Email:info@tccusvg.com