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Rates are Determined by your Zip Code at Account Opening.

DEPOSITS

Effective Date: February 5, 2024

Personal Accounts Minimum Balance Minimum Balance to Earn Interest Rate APY*
Checking Rate$0 APR*$2,500 Payment/ $10000.05% 0.05% Open
Savings Rate$1.00 APR*$50 Payment/ $10000.10% 0.10% Open
Youth Savings Account** Rate$1.00 APR*$1.00 Payment/ $10003.92% 4.00%
Individual Retirement Account*** Rate$0 APR*$50 Payment/ $10000.10% 0.10%
Vacation Club Rate$0 APR*$50 Payment/ $10000.10% 0.10% Open
Holiday Club Rate$0 APR*$50 Payment/ $10000.10% 0.10% Open
Smart Checking**** Balance Rate APY*
Minimum $0 Rate$0 - $15,000 APR*2.47% Payment/ $10002.50% Open
Minimum $0 Rate$15,000.01+ APR*0.10% Payment/ $10000.10% Open
Tiered Money Market Balance Rate APY*
Minimum $2,500 Rate$2,500 - $24,999 APR*0.50% Payment/ $10000.50%
Minimum $25,000 Rate$25,000-$49,999 APR*0.60% Payment/ $10000.60%
Minimum $50,000 Rate$50,000-$99,999 APR*0.75% Payment/ $10000.75%
Minimum $100,000 Rate$100,000-$249,999 APR*0.99% Payment/ $10001.00%
Minimum $250,000 Rate$250,000-$499,999 APR*1.09% Payment/ $10001.10%
Minimum $500,000 Rate$500,000+ APR*1.49% Payment/ $10001.50%
Business Money Market Balance Rate APY*
Minimum $2,500 Rate$2,500 - $24,999 APR*0.10% Payment/ $10000.10%
Minimum $25,000 Rate$25,000-$49,999 APR*0.10% Payment/ $10000.10%
Minimum $50,000 Rate$50,000-$99,999 APR*0.10% Payment/ $10000.10%
Minimum $100,000 Rate$100,000 - $249,999 APR*0.10% Payment/ $10000.10%
Minimum $250,000 Rate$250,000 - $499,999 APR*0.10% Payment/ $10000.10%
Minimum $500,000 Rate$500,000+ APR*0.10% Payment/ $10000.10%

All rates and terms are subject to change without notice.

*APY: Annual Percentage Yield

**Annual Percentage Yield (APY) effective 08/28/2024 and is subject to change without notice. 4.00% APY is earned on balances up to $1,000. Balances higher than $1,000 currently earn 0.10% APY. The calculated rate, which is shown on the account statement, is based on the first $1,000 at 4.00% APY with balances above $1,000 calculated at 0.10% APY which is the current Regular Share Savings account APY. Special rate limited to one Youth Savings account per primary member. Fees or other conditions could reduce earnings. Consumer accounts only. Certain restrictions may apply. Youth Savings account available to all up to age 21. Upon turning 21 years old, the account will automatically convert to a Regular Share Savings account at the standard market rate. $1 balance required to open account. Subject to membership eligibility. Dividends earned will be reported as interest on IRS Form 1099-INT (or Form 1042-S, if applicable). Federally insured by the NCUA. For more information, please see a Teachers representative or call  1-800-341-4333.

***A penalty may be imposed for early withdrawals.

****Smart Checking is a tiered account. Qualifying APY and balances are listed above. We will use the daily balance method to calculate the interest on your account. We may change the interest rate paid for products and services used and the annual percentage yield at the Credit Union’s discretion at any time without notice. Fees may reduce earnings. You will earn the qualified APY and ATM rebate benefits when you do at least one of the following each monthly statement cycle: Option #1: Maintain an average monthly balance of at least $5,000.00 in the Smart Checking account OR Option #2: Have $20,000.00 in combined end of month deposit balances OR Option #3: Maintain direct deposits of at least $500.00 per month AND complete 10 debit card purchases. The average monthly balance is calculated by adding the closing balance at the end of each day and dividing it by the number of calendar days in a given statement cycle. Combined month-end deposit balances represent the total amount of balances in all applicable deposit accounts at the end of a statement cycle. Qualifying direct deposits include payroll or government benefits. Transactions that will not count towards direct deposits include external transfers, point of sale credits, and in-person check or cash deposits. Direct deposits and debit card purchases must post and clear the account during the statement cycle. Limited to one product per primary owner. Members must enroll in Online Banking and eStatements in order to remain eligible. If you do not meet the requirements for a qualification period, you will earn interest and receive the ATM fee rebates for the current statement cycle but you will not earn interest or receive ATM fee rebates for the next statement cycle. You must requalify to earn interest and receive benefits. You will begin earning interest and receiving ATM fee rebates the statement cycle after you requalify. Non-Teachers FCU and out-of-network fees charged at U.S. ATMs will be refunded up to $15 per month. Eligible ATM fees will be credited at the end of the statement cycle to the Smart Checking account that incurred the fee(s). Members cannot be enrolled in the Educated Choice program and have a Smart Checking account. We reserve the right to modify or change this agreement at any time. Dividends earned will be reported as interest on IRS Form 1099-INT (or Form 1042-S, if applicable). Federally insured by NCUA. For more information, please see a Teachers representative or call 1-800-341-4333.

 

 

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