Savings Rates

Prospective APYs for Basic and Special Purpose Savings and Interest Checking: (Dividend Rates and APYs are accurate as of Second Quarter 2014.)

Account Type Dividend Rate APY1 Min. Required to Open Account3
Banking for EveryoneSM Savings 7.00%
see below
see below
Summer Reserve 0.05% 0.05% $1
Holiday Savings 0.05% 0.05% $1
Banking for YouthSM 7.00%
see below
see below
Interest Checking 0.05% 0.05% $1

IRA and Deferred Compensation Share Accounts
Dividend Rate APY1 Opening Balance3
0.05% 0.05% $0.00 - $9,999
0.08% 0.08% $10,000 - $19,999
0.10% 0.10% $20,000 - $99,999
0.15% 0.15% $100,000 and over

Effective Second Quarter 2014

For the current rates on all your Credit Union's savings programs, call 916-569-5400 (Sacramento area) or 800-962-0990.

1 APY=Annual Percentage Yield.
2 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. A separate dividend rate will be paid on nonqualifying accounts and the portion of your account balance greater than $500. Business and organization accounts are not eligible. One Banking for Everyone Savings/Youth account per Social Security Number. Contact the Credit Union or visit for additional account qualifying information.

Dividends paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. Fees and other conditions could reduce earnings on any of the above accounts. The Dividend Rates and APYs on saving accounts are subject to change on a quarterly basis. Dividend Rates and APYs on Super Share, Premier Money Market and Interest Checking Accounts are subject to change monthly as determined by the Board of Directors. For current Dividend Rates and APYs, please call the Credit Union at 916-569-5400 or 800-962-0990. The Dividend Rates and APYs quoted above are accurate as of Second Quarter 2014.

3 Minimum balances required to earn the stated Annual Percentage Yield (APY).