Home / Explore / Checking & savings

Open a checking or savings account with TFCU

When you bank with Thrivent Federal Credit Union, you choose the checking and savings options that meet your needs. From free benefits to special features, compare account options below.

Features Simply Checking Thrivent Rewards Checking
Overview Meet your basic checking needs with this simple account. Discover more benefits with this enhanced checking account.
Free ATM withdrawals (including reimbursement of owner fees) 4 free/month1 Unlimited
Minimum balance $8.95/month if balance is below $1002 -
APY 0.00%3 0.15%3
Earns dividends - Yes
Free overdraft protection from
  • line of credit4
  • line of credit4
  • savings5
  • money market5
Additional overdraft protection $7 per transfer from
  • savings5 or
  • money market5
-
Insufficient funds or overdraft fee $296 $296
Direct Deposit Yes Yes
MasterCard® Debit Card Yes Yes
CO-OP Shared Branch Bank in person at a CO-OP Shared Branch credit union. Find a branch near you (opens in new window). Yes Yes
Mobile banking with mobile check deposit Yes Yes
Online banking with bill pay Yes Yes
Popmoney® Securely send, request and receive money using Popmoney within online banking. Yes Yes
Unlimited check writing Yes Yes
Requirements - Requires direct deposit into any share/share draft account or complete five bill pays and 10 point of sale purchases every month.7
  • $5 per month after 12 months of inactivity.
  • With multiple accounts at least one account must be active to avoid this fee.
  • Fee waived if member is under 18 years old.
Full service fee brochure Service Fees (opens in new window)
Apply Apply Now

1 Unlimited free ATM withdrawals from any Thrivent Federal Credit Union terminal. 4 free ATM withdrawals (reimbursed ATM owner fees) for each non-Thrivent Federal Credit Union ATM withdrawal; after 4, $1 fee plus any ATM owner fees.

2 No fee if under age 24. Age 24 or older, $8.95 fee per month if balance falls below $100 any day of the month.

3 APY Stands for Annual Percentage Yield. APY is effective as of April 23, 2018, is variable and can change without notice.

4 Line of Credit is subject to credit application, qualification and approval.

5 Overdraft protection made in $100 increments.

6 An overdraft fee may be imposed when the credit union, at its discretion, clears check, ATM or other electronic means.

7 If direct deposit or activity is not maintained, account will be transferred to Simply Checking after a 3-month period.

Features Simply Savings Emergency Savings Share Thrivent Rewards Money Market Preferred Plus Money Market
Overview Meet your basic savings needs with this simple account. This account will help you put away cash for the unexpected. Help your savings grow, even on a small balance. Designed to help you meet your savings goals.
Minimum balance - $1 - $2,500
APY Up to 0.35%13 Up to 0.50%13 Up to 0.55%13 Up to 0.40%13
Balance to earn tiered dividends $25 $25 $25 $2,500
ATM access Yes - Yes Yes
Withdrawals Unlimited8
  • In person at credit union
  • ATM
  • 1 time per statement cycle9
Unlimited8
  • In person at credit union
  • ATM
Unlimited8
  • In person at credit union
  • ATM
Monthly fees - - - $1010
CO-OP Shared Branch Bank in person at a CO-OP Shared Branch credit union. Find a branch near you (opens in new window). Yes Yes Yes Yes
Mobile banking with mobile check deposit Yes Yes Yes Yes
Online banking with bill pay Yes Yes Yes Yes
Requirements - Direct deposit or an automatic transfer into the account.11 Thrivent Rewards Checking account and direct deposit are required to open.12 -
Full service fee brochure Service Fees (opens in new window)
Apply Apply Now

8 Unlimited withdrawals may be made from your account provided these withdrawals are made in person to a credit union employee or via an automated teller machine. All other withdrawals are limited to six per statement cycle, with no transfers or withdrawals by check, draft or similar order to third parties. An excessive transaction fee of $10 will be imposed against any transaction(s) in excess of these limitations.

9 One free withdrawal per statement cycle. You’ll be charged $10 each time up to 6 withdrawals after your first withdrawal. After your 6th withdrawal, you’ll be charged $20 for each withdrawal.

10 Fee will be imposed every month if the daily balance falls below $2,500 any day of the month.

11 To open and maintain this account, member must maintain direct deposit or an automatic transfer into the account. If direct deposit or automatic transfer is terminated, account may be transferred to a Simply Savings account.

12 To open and maintain a Thrivent Rewards Money Market account, you must also maintain a Thrivent Rewards Checking account and maintain direct deposit into any share (savings) or share draft (checking) account. If direct deposit is terminated, your Thrivent Rewards Money Market account may be transferred to a Simply Savings account.

13 APY Stands for Annual Percentage Yield. APY is effective as of April 23, 2018, is variable and can change without notice.

Share Certificates

Certificates are a sound and safe investment option, offering competitive earnings and a guaranteed rate of return.

Flexible terms from three months to 60 months are available, which could allow multiple options to set up ladders to meet your financial goals. Ladders are a way of dividing your investments into certificates with different maturity dates – this is usually done in equal amounts. This strategy reduces both the dividend rate and re-investment risks.

A minimum balance of $1,000 is required to open a certificate. A penalty may be imposed for early withdrawal. Fees may reduce earnings on the account.

Flex Certificates

Benefit from the safety of a certificate with added flexibility. Unlike a traditional certificate, Thrivent Federal Credit Union's Flex Certificate14 lets you react to whatever direction rates are heading. You can make any one of these choices during the first half of your certificate's term:

If rates go up – bump up the dividend rate to the current higher rate, which will increase your certificate's earning potential.

If rates go down – add at least $500, and not more than $200,000 to your higher-rate certificate (cannot exceed your initial deposit).

Withdraw – up to half of your funds without penalty (need to maintain a minimum balance of $5,000 after you request a withdrawal). The Flex Certificate is available in convenient terms of 12, 18 and 24 months.

14 You must deposit and maintain $5,000 to open the account and to obtain the disclosed Annual Percentage Yield (APY). If you choose to add a one-time deposit to the certificate, the additional deposit must be at least $500, may not be more than $200,000 and may not exceed the dollar amount of the initial deposit. You may only increase the dividend rate once during the first half of the term of the certificate. Withdrawals up to 50% of the beginning balance may only be made once during the first half of the term of the certificate following account opening. If you choose to use the withdrawal option, a balance of $5,000 must be kept in the certificate. A penalty may be assessed for early withdrawals other than the withdrawal permitted by the terms of the account contract. Fees could reduce earnings.

This savings account represents your membership share in this not-for-profit financial cooperative, which makes you a member-owner of Thrivent Federal Credit Union. TFCU funds the initial $1 required for membership, and then you must maintain at least the par value of one share ($1) in the credit union.

  • $25 minimum balance to earn dividends.
  • ATM access with a checking account as your primary account.16

15 The TFCU Membership account is a requirement for membership in Thrivent Federal Credit Union. To maintain membership a par value of one share ($1.00) must be kept in the account at all times. If you fall below the par value you have six months to increase the balance or your membership may be terminated.

16 Unlimited withdrawals may be made from your account provided these withdrawals are made in person to a credit union employee or via an automated teller machine. All other withdrawals are limited to six per statement cycle, with no transfers or withdrawals by check, draft or similar order to third parties. An excessive-transaction fee of $10 will be imposed against any transaction(s) in excess of these limitations.