Earn 14x the national average† with a Teachers Smart Checking account.

At Teachers, we want to help you make the most of your money. When you open a high-yield Smart Checking account, you’ll earn 2.50% APY* on balances up to $15,000 and 0.10% APY on balances greater than $15,000. 
 

Open Account

 

2.50%

APY

Earn 14x the national average

$0

Monthly Service Fee

$15

Monthly ATM Rebates

Up to $15 per month in ATM fee rebates

Choose one of three easy ways to qualify:¹

  1. Average monthly balance of $5,000 in your Smart Checking account
  2. $20,000 in combined end of month deposit balances
  3. Establish direct deposit(s) of $500 or more and complete 10 debit card purchases each month
Open a Smart Checking account today

In a few quick steps, you can make your money count with Smart Checking—the checking account that pays you. Get started today.

 

Open Account

 

Members must enroll in Teachers online banking and eStatements for this account in order to remain eligible.
 

Disclosures

*APY=Annual Percentage Yield.

¹Qualified APY of 2.50% is for balances up to $15,000.00 only. Balances of $15,000.01 or above will receive an APY of 0.10%. APY accurate as of February 5, 2025. We will use the daily balance method to calculate the interest on your account. We may change the interest rate paid for products and services used and the annual percentage yield at the Credit Union’s discretion at any time without notice. Fees may reduce earnings. You will earn the qualified APY and ATM rebate benefits when you do at least one of the following each monthly statement cycle: Option #1: Maintain an average monthly balance of at least $5,000.00 in the Smart Checking account OR Option #2: Have $20,000.00 in combined end-of-month deposit balances OR Option #3: Maintain direct deposits of at least $500.00 per month AND complete 10 debit card purchases. The average monthly balance is calculated by adding the closing balance at the end of each day and dividing it by the number of calendar days in each statement cycle. Combined month-end deposit balances represent the total amount of balances in all applicable deposit accounts at the end of a statement cycle. Qualifying direct deposits include payroll or government benefits. Transactions that will not count towards direct deposits include external transfers, point of sale credits, and in-person check or cash deposits. Direct deposits and debit card purchases must post and clear the account during the qualifying statement cycle. Limited to one product per primary owner. Members must enroll in Online Banking and eStatements in order to remain eligible. If you do not meet the requirements for a qualification period, you will earn interest and receive the ATM fee rebates for the current statement cycle, but you will not earn interest or receive ATM fee rebates for the next statement cycle. You must requalify to earn interest and receive benefits. You will begin earning interest and receiving ATM fee rebates for the statement cycle after you requalify. Non-Teachers FCU and out-of-network fees charged at U.S. ATMs will be refunded up to $15 per month. Eligible ATM fees will be credited at the end of the statement cycle to the Smart Checking account that incurred the fee(s). Members cannot be enrolled in the Educated Choice program and have a Smart Checking account. We reserve the right to modify or change this agreement at any time. Membership at Teachers is required by opening a Regular Savings account or Youth Savings account with a minimum opening deposit of $1.00. Dividends earned will be reported as interest on IRS Form 1099-INT (or Form 1042-S, if applicable). Federally insured by NCUA. For more information, please see a Teachers representative or call 1-800-341-4333.


†Based on comparison of average interest checking account rates at Credit Unions and Banks, accurate as of April 8, 2025. Average rates may change quarterly.