Overview

Schools Financial has a low-cost savings plan for you.

Whether you're looking for a regular savings or a special-purpose account to save for major purchases, Schools Financial has a low-cost savings plan for you.

Banking for Everyone Savings

Grow your savings faster with a jaw-dropping 7.00% APY1 earned on the first $500 in your Banking for Everyone Savings account when you use these services:

  • FREE eStatements,2
  • any Schools Checking account and
  • Active BillPay,3 direct deposit or payroll deduction.

Your account fee is waived when you keep a daily balance of $300 or more, or have an additional account under the same account number. For complete account details, click Rates below.

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.
3 Active BillPay is defined as paying three or more bills (minimum $10 per bill) in a calendar quarter.

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