

Savings, Money Market, and HSA Accounts
Regardless of your financial situation, Texell offers members many options for saving money — and earning on those deposits — all while keeping those funds accessible and safe, with deposits insured for up to $500,000.1
Savings Accounts
All members of Texell have a savings account as their ownership in the Credit Union. We require just $5 to open your savings account, and that $5 will stay on deposit for the life of your account. Our savings accounts offer:
- No monthly service fees
- Competitive dividend rates1
- Manage your account easily through Digital Banking
- Deposits insured up to $500,0002
- Access to all benefits available to Texell Credit Union members
Save First Accounts
A Texell Save First Account¹ is specifically designed for emergency savings accounts, offers a high-yield rate of 6.00% APY,² and encourages you to save.
Managing your finances can be stressful, especially when an emergency happens. Relax — you can be ready for any financial surprise with an emergency fund powered by a Save First Account. When needed, you can access your money quickly through withdrawal or funds transfer.³
The Save First Account pays an ultra-competitive rate on balances between $500 and $10,000, and a dividend rate higher than most savings rates on balances between $0 and $499.99. It also helps you think twice about withdrawing money for non-emergencies. If you make a withdrawal, the dividend rate will be reduced for the entire quarter the withdrawal is made. After all, a true emergency shouldn’t happen every day, right?
Save First Rates
Schedule an appointment Read about creating an emergency fund
Money Market Accounts
Do you need to keep your funds accessible for emergencies but still want to earn higher dividends? Our Money Market account gives you that option. Our Money Market Accounts require at least a $2,500 deposit to open and offer:
- All the same free benefits of our Savings Accounts
- Competitive dividend rates1
- Manage your account easily through Digital Banking
- Deposits insured up to $500,0002
Health Savings Accounts (HSAs)
In today’s expensive healthcare environment, it is essential to manage costs. The U.S. Congress created tax-advantaged HSAs, which allow members with high-deductible insurance plans the ability to build savings for medical expenses for themselves and their families. You can open an HSA at Texell with just $5.
If you have chosen a high-deductible insurance plan, your employer may contribute a certain amount to you for choosing a plan that’s less expensive for them. You may need an HSA to accept those funds. If you’re a business looking for a financial institution with HSAs for your employees, you’ll find more information here.
What Are the Benefits of an HSA?
- Tax benefits: Deposits are tax-deductible, and all interest accrued in your HSA account is tax-deferred. Plus, withdrawals are tax-free if used for qualified medical expenses.
- Portability: If you change your job, become unemployed, or change your medical coverage
- No use-it-or-lose-it rules: HSA account balance automatically rolls over to the next year
- No monthly fees: No monthly service, maintenance, or minimum balance fees
- Earn dividends: Our HSA has the best rate around, currently earning 2.00% APY.1
You Can Open a Health Savings Account at Texell If You:
- Have a qualified high-deductible health plan (HDHP)
- Do not have coverage under another health plan
- Are not enrolled in Medicare
- Are not a dependent on another individual’s tax return
Access HSA funds conveniently with your free VISA® debit card, free Bill Pay service, or free checks.
Become a Member Today HSA Savings Calculator HSA Contributions Calculator

- Ages 12 and under
- Open with just $5
- Mobile app with balance and transaction history
- Quarterly dividends1 on balances over $5
- With every deposit, kids earn Squad Dollars to purchase fun prizes
- Automatically becomes cha-ching! Account at age 13.
- Newsletters are sent out quarterly, with fun games and helpful info about saving money
- Receive birthday greetings from the Dollar Squad

- Ages 13–17
- Open with just $5
- Helps youth learn about banking practices and the value of saving
- Custodian maintains control over funds
- Quarterly dividends1 on balances over $5

- Ages 13–17
- No monthly fees2
- Open with just $5
- No minimum balance2
- $10 Starbucks gift card at account opening
- Gift for account anniversaries3
- Free debit card with access to 92,000+ free ATMs worldwide
- Free mobile app and mobile deposits
- Quarterly dividends1 on balances over $5
Frequently Asked Questions:
Does my Texell Savings Account earn interest?
You can earn money on your Savings Account deposits by maintaining a minimum daily balance of at least $100 on a traditional savings account, or $2,500 for Money Market Accounts. Dividends are paid quarterly and deposited directly into the account.
- Individuals who live, work, worship, or attend school in Bell, Bosque, Burnet, Coryell, Falls, Hill, Lampasas, Limestone, McLennan, Milam, Travis, or Williamson County, Texas
- All Texas residents are existing members of — or would like to join — the Texas Consumer Council. Texell covers the membership fee, free of charge
- Individuals with an immediate family member who is a Texell member