Rates effective April 1, 2023.
Account Type |
Minimum Balance |
Dividend Rate |
APY |
Dividend Checking1 |
$500 |
0.05% |
0.05% |
Regular Savings2 |
$5 |
0.01% |
0.01% |
Special Purpose Club2 |
– |
0.01% |
0.01% |
Premium Summer Pay Tier One1,3 |
– |
1.98% |
2.00% |
Premium Summer Pay Tier Two1,3 |
$20,000 |
0.01% |
0.01% |
APY=Annual Percentage Yield.
1 Dividends are compounded and credited monthly.
2 Dividends are compounded and credited quarterly.
3 The Premium Summer Pay account is only available for Direct Deposits received from qualifying school systems and community colleges. The Tier One Annual Percentage Yield (APY) applies to average daily balances up to $20,000. The Tier Two APY applies to average daily balances above $20,000. Rates are subject to change without notice. Fees could reduce earnings. Automatic distributions can be made to an Educational Systems FCU savings or checking account, or to another financial institution in four equal proportions on the first and third Friday of July and August. Withdrawals are restricted to summer disbursals in July and August. A $35 fee will be assessed for each early withdrawal made outside of this time period.