Last Updated: 04/18/2025
Teachers FCU Business Savings Accounts
Unaffiliated
Last Updated: 04/18/2025
No Reviews Yet
This product has no reviews yet. Help others by sharing your thoughts.
Be the first to rate
Cast Your Vote
Compare All Business Savings Accounts
Filter & compare all your options in one place.
Highlights
APY (Annual Percentage Yield)
0.10%(Verified 08/25/2024)
Minimum Opening Deposit
Starting at $1
Minimum Balance to Earn APY
$50
Teachers FCU Business Savings Accounts Review
Teachers FCU Business Savings Accounts is offered by Teachers Federal Credit Union, a credit union founded in 1974 and based in Hauppauge, NY. Teachers FCU Business Savings Accounts are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Low interest rate. The maximum annual percentage yield for this account is only 0.10%.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- Small minimum initial deposit. You only need $1 to open an account.
- No ATM fees. Teachers FCU Business Savings Accounts does not charge fees on ATM transactions .
Teachers FCU Business Savings Accounts Pros & Cons
| Pros | Cons |
|
|
Teachers FCU Business Savings Accounts FAQ
Are business savings accounts from Teachers Federal Credit Union federally insured?
Yes, your business savings accounts are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.
Does Teachers Federal Credit Union offer a signup bonus?
Teachers FCU Business Savings Accounts doesn't offer a signup bonus.
What is the minimum initial deposit for Teachers FCU Business Savings Accounts?
The minimum deposit to open a Teachers FCU Business Savings Accounts is $1.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Teachers FCU Business Savings Accounts offer?
Teachers FCU Business Savings Accounts offers an APY of 0.10% (APY stands for annual percentage yield, rates may change).
The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Business savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually. What fees does Teachers FCU Business Savings Accounts charge?
Teachers FCU Business Savings Accounts does not charge a monthly service fee. See the fee breakdown section below to view all fees.
What features and perks does Teachers FCU Business Savings Accounts offer?
This savings account includes the following features:
- Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - Teachers FCU Business Savings Accounts allows you to manage your money online or with a mobile app.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
Can you set up a direct deposit to Teachers FCU Business Savings Accounts?
Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.
What is the customer support email for Teachers FCU Business Savings Accounts?
The customer support email for Teachers FCU Business Savings Accounts is webmail@teachersfcu.org.
Is Teachers FCU Business Savings Accounts legit?
Teachers Federal Credit Union was founded in 1974; it is a well-established company that has been in business for 52 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Contact
Headquarters
Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 6:00PM
Saturday
9:00AM - 2:00PM