Savings Options

Towpath Credit Union offers a wide variety of savings options to fit your financial needs. Learn more about our offerings below, or stop by your local branch to open an account today.


Membership Share Savings Account

Your deposit of $5 or more into a Towpath Credit Union Share Savings account not only establishes your lifetime membership, it also gives you the opportunity to take advantage of additional Towpath Credit Union financial services.

Share Savings Special Account

Special share savings accounts are perfect for setting aside a little bit each month and keeping it away from your Regular Share account. Whether you're trying to save for vacation or just want an emergency fund, a sub-account makes it easy.

Holiday Savings

A sub-account for that special time of year. Don’t be caught out in the cold when the post-holiday bills arrive. Plan ahead with a Towpath Credit Union Holiday Savings account. Accounts are disbursed automatically into your checking account in early October which gives you plenty of time to get your shopping done.

Health Savings Account

If you are covered under a high-deductible health plan, you may be eligible for a Health Savings Account (HSA) with Towpath Credit Union!

With a Towpath Credit Union HSA, you may be able to take advantage of tax-free employer contributions, tax deductible member contributions, and tax-free distributions if used for qualified medical expenses.

**We use information from ChexSystems as a reference for membership.**

*Please note: Minimum deposit for above accounts is $5. Minimum balance to earn dividends is $50. Fees may reduce earnings on accounts. Dividends will be forfeited if account is closed before accrued dividends have been credited.


Share Certificates

Share Certificates

For risk-free investing, it's tough to beat a Towpath Credit Union Term Share Certificate! Our competitive dividend rates ensure that your money is working its hardest for you.

For the current rates simply click here.


Individual Retirement Accounts

Towpath Credit Union offers several ways to save for the future with individual retirement accounts (IRA). Each IRA type has its own benefits. Please call or stop by and we will be happy to explain more about these accounts so that you can make the right decisions for you and your family.

Traditional IRA

  • Earnings are tax-deferred (no taxes until withdrawn)
  • Contributions may be tax deductible*

Roth IRA

  • Earnings are tax-deferred and withdrawals are tax-free if the account is open for five tax years and withdrawals are for a qualified reason (age 59½, disability, death, or a first-time home purchase**).
  • Contributions are not tax deductible
  • You can withdraw regular contributions at any time, tax-free and penalty-free

IRA Share Certificates

Earn higher dividends on funds in your IRA by transferring it to an IRA Share Certificate. Click here for current Share rates.

*Not intended as tax advice. Please consult a tax professional.