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  Teachers Federal Credit Union Checking Account

Teachers Federal Credit Union Checking Account

in Money Market Accounts from Teachers Federal Credit Union

Unaffiliated

Teachers Federal Credit Union Checking Account

Unaffiliated

in Money Market Accounts from Teachers Federal Credit Union

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Highlights
Highlights
APY 0.4% - 1.7%

Teachers Federal Credit Union Checking Account Review

Teachers Federal Credit Union is a credit union based in Hauppauge, NY. It was founded in 1974 and offers its money market accounts in 1 state across the USA.

If you're considering a money market account and want to know whether Teachers Federal Credit Union Checking Account is right for you, read on.

Is Teachers Federal Credit Union Checking Account insured by the FDIC?

Teachers Federal Credit Union Checking Account is not a member of the Federal Deposit Insurance Corporation (FDIC). This means your deposits are not covered by the FDIC if Teachers Federal Credit Union Checking Account were to fall into financial difficulties.

What are the Teachers Federal Credit Union Checking Account rates?

Teachers Federal Credit Union Checking Account offers an APY starting at .40% and ranging up to 1.70% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $2500.

Teachers Federal Credit Union Checking Account Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) .40% - 1.70%

What are the Teachers Federal Credit Union Checking Account fees?

Teachers Federal Credit Union Checking Account does not charge a monthly maintenance fee. This account charges a monthly maintenance fee of up to $5. You can avoid this fee by maintaining a balance of $500.

Teachers Federal Credit Union will charge you a $10 fee if you exceed your maximum number of monthly transactions.

Federal regulations limit the number of transactions you can make from your money market account to six per month.

Teachers Federal Credit Union Checking Account Fees
Fees Amount
Monthly Fee up to $5
Paper Statement Fee N/A
Excess Transaction Fee $10

What is the minimum balance for Teachers Federal Credit Union Checking Account?

No minimum initial deposit. Teachers Federal Credit Union does not require a minimum initial deposit to open an account.

Monthly maintenance minimum balance of $500. You can avoid the monthly fee if you keep a minimum balance $500.

Interest rate minimum balance of $2,500. You must keep the account balance above $2,500 to earn interest.

What features and perks does Teachers Federal Credit Union Checking Account offer?

This account does not seem to offer any of the features and perks we track.

How to open an account with Teachers Federal Credit Union

  • Visit the Teachers Federal Credit Union website.
  • Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
  • Check the information is accurate and submit your application.
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Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 1 state
New York
Availabile in all of New York

Feature Breakdown

APY Minimum Balance $2,500
Minimum Balance to Avoid Monthly Fee $500
Monthly Fee $0 - $5
APY 0.4% - 1.7%
Dividend Compounding Frequency Daily
Dividend Payout Frequency Monthly

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Teachers Federal Credit Union Money Market Accounts

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Teachers Federal Credit Union Money Market Account
APY 0.4% - 1.7%     0% 3%