Banking for EveryoneSM Savings Account Package Earns 7.00% APY1
Your Banking for Everyone Savings account is your primary share/savings account. With a Banking for Everyone Savings account package, you'll earn an exceptional 7.00% APY on the first $500 in your account by using the following services:
- FREE eStatements2,
- any Schools checking account and
- FREE BillPay, direct deposit or payroll deduction.
Earning 7.00% APY is easy — sign in to SchoolsOnline to find out if you already qualify. If not, just contact the Credit Union to sign up for any of the above services.
1 APY = Annual Percentage Yield. A dividend rate of 7.00% will be paid only on the portion of your daily balance that is less than $500.01 that meets the Banking for Everyone Savings/Youth qualifications. The APY will range between 7.00% and 7.19% depending upon account balance. Dividends compound at 7.00% APY up to an account balance of $500. Notwithstanding anything to the contrary in your Schools Financial Credit Union Truth in Savings Disclosure (“Disclosure”), you understand and agree that the 7.00% APY does not compound on the portion of your daily account balance greater than $500. The rate may change after account opening. A separate dividend rate will be paid on nonqualifying accounts and the portion of your account balance greater than $500. Fees could reduce the earnings on the account. Business and organization accounts are not eligible. One Banking for Everyone Savings/Youth account per Social Security Number. Contact the Credit Union for additional account qualifying information.
2 Your Statement Preference under My Profile must be set to eStatement.