STCU Rates

Savings AccountsStandard Savings (S1)Payroll Budget Savings (S17)Christmas Savings (S25)
Dividend Rate/
Annual Percentage Yield		0.50% / 0.50%0.50% / 0.50%1.00% / 1.00%
Dividends Compounded / Creditedquarterly / quarterlyquarterly / quarterlyannually / annually
Dividend Periodquarterlyquarterlyannually
Minimum Opening Depositnone*none*none*
Minimum Required Balance to Earn Stated APYnonenonenone
Balance Methoddaily balancedaily balancedaily balance
Account Limitationssee #6 belowsee #6 belowsee #6 below
*The minimum opening deposit is $50 if the account is opened online.

First5 Savings (S18)$500.01 and aboveunder $500.01
Dividend Rate/
Annual Percentage Yield		0.50% / 0.50%7.50% / 7.71%
Dividends Compounded / Creditedquarterly / quarterly
Dividend Periodquarterly
Minimum Opening Depositnone*
Minimum Required Balance to Earn Stated APY$500.01none
Balance Methoddaily balance
Account Limitationssee #6 below
*The minimum opening deposit is $50 if the account is opened online.


Fees Applicable to All Accounts
Membership Fee $20.00 (one time)
Student and Youth (under 18) $5.00 (one time)
Current Month Account History $2.00 per history
Copy of Statement $2.00 per statement
Returned Check Fee (deposited item) $15.00 per item
Inactive Account (for members over 18) $15.00 per member (quarterly)
Cashiers Check for Member (not using CATT or STCU's NetTeller®) $2.00 per item
Transfer by Phone, not using CATT $1.00 per item
Telephone Single Authorization Payment (TEL) $15.00 each request
Return Mail Fee $5.00 per month
Garnishment Processing Fee $75.00 per garnishment
Account Research $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 Visa®) 2.00% of transfer ($5.00 minimum)
     NSF Item Paid Fee (created by check, ACH, and CheckCard purchases) $25.00 per item
     NSF Item Returned Fee $25.00 per item
.

STCU Savings Account Fees
Monthly Service Charge None
Stop Payment Fee $25.00 per item
Excess Item Fee $5.00 per item

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 dividend-bearing accounts, the Dividend Rate and Annual Percentage Yield may change quarterly for Standard Savings, Payroll Budget Savings, First5 Savings, and annually for Christmas Savings accounts as determined by the Board of Directors. The First5 Savings account is a tiered rate account. The Dividend Rate and Annual Percentage Yield will be applied to the account balance within the applicable deposit tiers.
  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 Standard Savings, Payroll Budget Savings, Christmas Savings, and First5 Savings if you close your account before accrued dividends are credited, accrued dividends will not be paid.
  5. Balance Information. The minimum balance required to open each account is set forth above. Accounts opened online have a minimum opening deposit requirement of at least $50 per account. 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 apply to the Standard Savings, Payroll Budget Savings, and First5 Savings 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 or be closed. In addition, only one First5 Savings Account is allowed per person.
This credit union is federally insured by the National Credit Union Administration.

The rates, fees, and charges shown are effective Saturday, November 7, 2009.

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.


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