A Money Market Account offers competitive dividends while allowing you to access your funds when needed. A Share Certificate typically offers a higher fixed dividend rate in exchange for keeping your money on deposit for a specific term.

How much money do I need to open a Share Certificate?

A minimum of $500 is required to open a standard Share Certificate, and a minimum of $100,000 is required to open a Jumbo Share Certificate.

Who is eligible for this savings account?

Children 12 and under whose parents are members of the credit union are eligible for a Platform 8 ⅓ Kids Club account.

Who is eligible for a Teen Checking Account?

Youth ages 13 to 17 are eligible to open an Embark Teen Youth Checking Account.

How much money do I need to open an IRA Share account?

A minimum $5 is required to open an IRA Share Account.

Is there a monthly service fee?

There is no monthly service fee when you maintain an average daily balance of $4,000 or are 60 or older.

Otherwise, there is a $4.95 monthly service fee.

Is there a monthly service fee?

There is no monthly service fee when you have a direct deposit and are enrolled in eStatements.

Otherwise, there is a $3.95 monthly service fee.

Is there a monthly service fee?

There are no monthly service fees when you maintain a minimum daily balance of $500 or have another account type with us. There are also no service fees if you are under age 25 or over age 60.

If none of these individual requirements are met, you will be charged a $5 monthly service fee.

How much money do I need to open a Money Market Account?

A minimum of $2,000 is required to open a Money Market Account.

Can my child earn dividends on their savings?

Yes, your child will earn a special interest rate of 5.10% APY up to the first $500 in the savings account. Balances above $500 will be paid at the current APY rate.

Can my teen earn money on their account balance?

Yes, your teen will earn a special interest rate of 5.10% APY up to the first $500 in the savings account. Balances above $500 will be paid at the current APY rate.

What are the benefits of an IRA Certificate?

An IRA Certificate helps you save for retirement with fixed dividend rates and tax advantages. It's a great option if you want predictable earnings while growing your retirement savings.

What features are included with the Choice Plus+ Checking account?

Your Choice Plus+ Checking account includes:

ID theft expense reimbursement and a resolution specialist
Debit and credit card registration
3-in-1 credit and identity monitoring, credit report, and score
Accidental Death & Dismemberment Insurance
Cell phone protection for theft or damage
Cell phone buyer’s protection and extended warranty
Travel discounts
Health discounts
Shopping rewards

Do I need a minimum deposit to open an account?

No. There is no minimum deposit required to open a Basic Checking account.

Are withdrawals and transfers limited?

No, you can make unlimited withdrawals or transfers.

How does the report card reward program work?

Children are eligible to bring in their report cards and earn $1 for every A, up to $5 each grading period!

Are there any monthly fees or hidden charges?

There are no monthly fees or charges associated with an Embark Teen Account.

What certificate terms are available?

Trax offers 6-month, 1-year, 18-month, 2-year, 3-year, 4-year, and 5-year terms.

Can I access my account online and through mobile banking?

Yes. Trax Credit Union offers both Online and Mobile Banking, giving you secure, convenient access to your accounts anytime, anywhere. You can check balances, transfer funds, pay bills, deposit checks with Mobile Deposit, and more.

Who is eligible for a Basic Checking?

Basic Checking is available to eligible Trax Credit Union members. Once you qualify for membership, you can open a Basic Checking account.

Can I access my account online?

Yes, your Trax account can be accessed through Online or Mobile Banking.

What financial education resources are included?

Trax offers a range of financial education courses and resources located on the Financial Education page.

What financial education resources are available?

Trax offers a range of financial education courses and resources located on the Financial Education page.

What is the difference between an IRA Money Market and an IRA Share account?

An IRA Money Market typically requires a higher minimum balance and offers tiered dividend rates, whereas an IRA Share Account is a basic, lower-yield deposit account with fewer balance requirements. Both accounts are held within an IRA structure and share the same tax advantages and IRS contribution and withdrawal rules.

How do I open an account?

Opening a checking account is easy. You can apply online in just a few minutes or visit any Trax Credit Union branch. If you're not already a member, we'll help you open a membership account as part of the process.

Can I write checks with this account?

Yes. Your checking account includes check-writing capabilities, making it easy to pay bills, make purchases, or manage your everyday finances.

When should I open a savings account for my child?

The earlier, the better! Opening a savings account at a young age helps children develop healthy saving habits, learn the value of money, and start working toward their financial goals.

Can my teen access their account online?

Yes, their account can be accessed through Online and Mobile Banking.

How much money do I need to open an IRA Money Market account?

A minimum of $2,000 is required to open an IRA Money Market Account.

What is a Christmas Club Account?

An account that can help you set aside money for holiday-related expenses.

Do I get a savings account with this account?

Yes. When you become a member of Trax Credit Union, you'll also open a savings account, which establishes your membership and gives you access to our full range of products and services.

What other perks come with the Embark Teen checking account?

Embark Teen checking account perks include:

Graduation payouts = $100 for graduating from high school and $500 for graduating from a 4-year college or university.
Debit card compatible with Apple or Google Wallet.

How does a Christmas Club Account work?

Set aside money in this account throughout the year. Funds are then automatically deposited into your Trax CU savings account the first week of November, so you are able to use them during the holiday season.

What can I use my Christmas Club savings for?

As a secondary savings account for the holiday season.

Does a Christmas Club Account earn dividends?

Yes, our Christmas Club account pays competitive dividends.

Can I set up automatic transfers into my Christmas Club Account?

Yes. You can set up automatic transfers from another Trax account to your Christmas Club Account.