Morris Sheppard Texarkana Federal Credit Union is still pushing for their high interest savings account. This best savings account let’s you earn an interest rate of 1.76% APY.

To avail of this high interest rate savings account you need to deposit a minimum of $5 to open an account. You also need to at least have a minimum daily balance of $50 and a maximum of $25,000 to earn your dividends.

The earnings are compounded and paid every last day of the month. The interest rates are subject to change any time, so be sure to always check for the latest numbers with the bank.

The credit union also provides the following benefits:

• allows payroll deductons for loan payments and deposits on their savings account
• setup a direct deposit
• allows you to deposit fund on your savings account using your other account from a third party bank

Morris Sheppard Texarkana Federal Credit Union welcomes individuals who are employees of the city of Texarkana, Texas to join the credit union. Relatives of existing members are also eligible to join. There is a one time joining fee which is $1. It seems that you need to drop by the credit union’s office to apply for their membership and open a share savings account. In case you have questions with regard to membership or application for a share savings account you may call their customer service hotline thru 903-798-3918.

The credit union is headquartered in 419 W 4th Street, Texarkana, Texas 75501.

Morris Sheppard Texarkana Federal Credit Union started serving its members in 1934. This credit union was named before U.S. Senator Morris Sheppard that represented Texas. The credit union currently has a total of $7.5 million in declared assets. They are also federally insured by the National Credit Union Association.