Money market accountsSTCU money market
Dividends compounded / creditedMonthly / Monthly
Dividend periodMonthly
Minimum opening depositNone
Minimum balance to avoid service feeNone
Balance methodDaily balance
Account limitationsSee #6 below
Balance rangeDividend rate / Annual percentage yield
Under $2,500.000.15% / 0.15%
$2,500.00 to $9,999.990.20% / 0.20%
$10,000.00 to $24,999.990.30% / 0.30%
$25,000.00 to $49,999.990.30% / 0.30%
$50,000.00 to $74,999.990.45% / 0.45%
$75,000.00 to $99,999.990.45% / 0.45%
$100,000.00 or more0.45% / 0.45%

Money market accountsPresident's Premium money market
Dividends compounded / creditedMonthly / Monthly
Dividend periodMonthly
Minimum opening deposit$25,000
Minimum balance to avoid service feeNone
Balance methodDaily balance
Account limitationsSee #6 below
Balance rangeDividend rate / Annual percentage yield
Under $25,000.000.30% / 0.30%
$25,000.00 to $49,999.990.65% / 0.65%
$50,000.00 to $74,999.990.65% / 0.65%
$75,000.00 to $99,999.990.65% / 0.65%
$100,000.00 to $149,999.991.05% / 1.06%
$150,000.00 to $199,999.991.05% / 1.06%
$200,000.00 to $249,999.991.05% / 1.06%
$250,000.00 or more1.25% / 1.26%

Money market accountsPresident's Plus money market
Dividends compounded / creditedMonthly / Monthly
Dividend periodMonthly
Minimum opening deposit$100,000
Minimum balance to avoid service feeNone
Balance methodDaily balance
Account limitationsSee #6 below
Balance rangeDividend rate / Annual percentage yield
Under $100,000.000.00% / 0.00%
$100,000.00 to $199,999.991.50% / 1.51%
$200,000.00 to $299,999.991.50% / 1.51%
$300,000.00 to $399,999.991.50% / 1.51%
$400,000.00 to $499,999.991.50% / 1.51%
$500,000.00 to $999,999.992.00% / 2.02%
$1,000,000.00 or more3.00% / 3.04%
Applicable to all accounts
Current month account history $2.00 per history
Copy of statement $2.00 per statement
Inactive account (for members 18 and over) $2.00 per account (monthly)
Cashier's checks for members (payable to other) $3.00 per item
Incorrect address fee $5.00 per month
Garnishment processing fee $75.00 per garnishment
Account research
Research fees $25 per hour with $5 minimum
Copy of statement $2.00 per statement
Check copies (99 items or less) Research fee
Check copies (100 or more) Research fee + $1.50 per item
Rush requests (next day, 10 items maximum) Research fee + an additional $25
Overdraft fees
Transfer from other deposit account None
Cash advance fee (transfer from credit card) Either $5.00 or 3% of each cash advance, whichever is greater
NSF item paid fee (created by check, ACH, and debit card transactions) $29.00 per item
NSF item returned fee $29.00 per presentment
Overdraft fee (Privilege Pay) $29.00 ($174 daily limit for overdraft fees, in addition to NSF fees)
Money market account fees
Monthly service charge None
Stop payment fee $25.00 per item
Excess item fee $5 each, first 3 items; $15 for each additional item
Check printing charges Varies, depending on style

Truth-in-Savings disclosures.

Except as specifically described, the following disclosures apply to all of the accounts named above.

  1. Rate information. The dividend rate and annual percentage yield (APY) on your accounts are set forth above. For the STCU money market, President's Premium money market, and President's Plus money market accounts the dividend rate and annual percentage yield may change monthly as determined by the Board of Directors. The STCU money market, President's Premium money market, and President's Plus money market accounts are tiered-rate accounts and must maintain the minimum balances listed above to earn the disclosed annual percentage yields. Once a balance tier has been met, the dividend rate and annual percentage yield for that tier will be paid on the entire balance in the account.
  2. Nature of dividends. Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period. The dividend rate and annual percentage yield are the prospective rates and yields that STCU anticipates paying for the applicable dividend period.
  3. Compounding and crediting. Dividends will be compounded and credited as set forth above. The dividend period for each account is set forth above. The dividend period begins on the first calendar day of the period and ends on the last calendar day of the period.
  4. Accrual of dividends. Dividends will begin to accrue on both cash and non-cash deposits (e.g. checks) on the business day you make the deposit to your account. For the STCU money market, President's Premium money market, and President's Plus money market accounts accrued dividends will be paid if you close your account before accrued dividends are credited. If you convert your account to a similar product before accrued dividends are credited, accrued dividends will be paid.
  5. Balance information. The minimum balance required to open each account is set forth above. For the STCU money market, President's Premium money market, and President's Plus money market accounts the minimum balance required to obtain the stated annual percentage yield is set forth above. If the minimum balance is not met, you will not earn the stated annual percentage yield. For all dividend-bearing accounts, dividends are calculated by the daily balance method, which applies a daily periodic rate to the principal in the account each day.
  6. Account limitations. Transaction limitations do apply to the STCU money market, President's Premium money market, and President's Plus money market accounts as follows: No more than six (6) pre-authorized, automatic, or telephone transfers may be made from these accounts to another account of yours or to a third party in any calendar month. If you exceed these limitations, your account may be subject to a fee.
This credit union is federally insured by the National Credit Union Administration.

The rates, fees, and charges shown are effective Tuesday, April 23, 2024.

Spokane Teachers Credit Union may offer other rates for these accounts from time to time. For the most current rates available, please call (509) 326-1954 or toll-free at (800) 858-3750.