Teachers Federal Credit Union Savings Account

Key Takeaways

• Low interest rate. The maximum annual percentage yield for this account is only 0.1%.
• No monthly maintenance fees. This account does not charge any monthly account fees as long as you keep a minimum balance of $1 .
• No ATM fees. Teachers Federal Credit Union Savings Account does not charge fees on ATM transactions .

Teachers Federal Credit Union savings account Pros & Cons

Teachers Federal Credit Union savings account FAQ

Are savings accounts from Teachers Federal Credit Union federally insured?

Does Teachers Federal Credit Union offer a signup bonus?

What is the minimum initial deposit for Teachers Federal Credit Union savings account?

What APY does Teachers Federal Credit Union Savings Account offer?

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. 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 Federal Credit Union savings account charge?

• Outgoing domestic bank transfers come with a $20 fee.
• Incoming domestic bank transfers come with a $10 fee.
• Outgoing international bank transfers come with a $50 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
• Incoming international bank transfers come with a $10 fee.
• Teachers Federal Credit Union savings account charges $3 every time you request a paper statement.

What features and perks does Teachers Federal Credit Union savings account offer?

• Fraud monitoring - Teachers Federal Credit Union savings account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
• Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
• Mobile Banking Services - Teachers Federal Credit Union savings account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
• Nationwide ATM network - Conveniently transact at a nearby ATM.

Can you set up a direct deposit to Teachers Federal Credit Union savings account?

What is the customer support email for Teachers Federal Credit Union savings account?