BETTER SAVINGS LEAD TO MORE VACATIONS.

Teachers Federal Credit Union Branch Locations
 

Disclosures

*APY=Annual Percentage Yield.

¹Membership, Accounts and Eligibility. Offer valid beginning August 1, 2026. This offer is available to new members only who have not previously had any accounts or membership with Teachers Federal Credit Union at any time. Non-member joint account holders are not eligible. This offer is valid only at Teachers branch locations in the state of Florida.

To be eligible for the Up To $600 in Cash Bonuses offer, you must open a membership at Teachers. All account applications are subject to approval. For the application, you will need your driver's license or similar government-issued identification, and your Social Security Number (SSN) or individual Taxpayer Identification Number (ITIN). You must open a Regular or Youth Savings account to become a member, as well as a new Smart Checking, Share Draft Checking, or Young Professional Checking Account to be eligible for the promotion. Share/Savings accounts require a minimum balance of $1. Minimum balance to earn interest is $50. Youth Savings accounts require a minimum balance of $1 to open, are available to members up to 21 years of age, may require a parent or co-owner, and are designed for smaller balances. Upon turning 21 years old, the account will automatically convert to a Regular Share Savings Account at the standard market rate. $1 balance required to open the account. Share Draft Checking has no minimum balance to maintain the account, but the minimum balance to earn interest is $2,500. Smart Checking accounts use a tiered interest rate structure and earn interest at different rates depending on your balance. Qualified Annual Percentage Yield (APY) of 2.50% is for balances up to $15,000.00 only. Balances $15,000.01 or above will receive an APY of 0.10%. Teachers will use the daily balance method to calculate the interest on your account. Teachers 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. There are no monthly fees on these accounts, but other fees on these accounts, such as return draft/ACH, inactivity, ATM, or other conditions could reduce earnings. Rates are subject to change at any time. For more information about our accounts, please see a member services representative or visit our website at https://www.teachersfcu.org/personal-banking/savings and https://www.teachersfcu.org/personal-banking/checking.

This offer is limited to one per primary member who has not participated in any promotion previously. Business and trust accounts are not eligible. This offer may be combined with the Refer-a-Friend promotion. Teachers reserves the right to modify or discontinue this offer at any time. We also reserve the right to rescind any Cash Bonuses paid if there is a violation of the terms, requirements, and/or promotional guidelines of this offer. The Up To $600 in Cash Bonuses earned will be reported on IRS Form 1099-MISC (or Form 1042-S), if applicable.

²Qualifying Direct Deposits. The Up To $600 in Cash Bonuses will be earned by meeting all terms and membership and account requirements as noted in this disclosure and receiving qualifying direct deposits (“QDDs”) totaling at least $1,000 each month for six consecutive months from the time you enroll in the promotion. Each month’s direct deposit activity will be evaluated. QDDs are regular ACH/electronic payroll deposits to your newly opened checking account directly from your employer, pension provider, or a government agency (e.g., Social Security). QDDs from third-party payment providers like Wise, Inc., or Astra are not eligible. Additional deposit(s) that do not qualify for this promotion include but are not limited to: ACH external transfers; Peer-to-Peer (“P2P”) transfers such as via Venmo, PayPal, Cash App, or Zelle®; merchant transactions or point-of-sale credits such as, but not limited to, transactions from PayPal, Stripe, Square, etc.; in-person check or cash deposits; wire transfers; ATM transfers; and Online and Mobile Banking transfers; along with micro-deposits and/or deposits used to verify accounts. A maximum cash bonus of $600 will be earned and deposited in six $100 increments after each month in which $1,000 in QDDs are posted to the new Teachers checking account. No bonuses shall be paid for QDDs totaling less than $1,000 during any month. QDDs must begin before the start of the second month. Any member who fails to meet the requirement and/or discontinues their QDDs during or before the six-consecutive-month period will no longer be eligible to receive any additional bonuses during the promotion, but will be considered to have completed the promotion and ineligible for future similar offers.

QDDs must post and clear in the new checking account during the period defined in this promotion. Members will have until the end of the second month to meet the requirements. After each month in which the offer requirements have been met, any earned cash bonuses will be deposited into the primary member’s Regular or Youth Savings account within 30 calendar days. The checking account must be open and in good standing with a balance greater than or equal to $0.00 to be eligible for any Cash Bonuses.

³Enroll in Online Banking and Enroll in eStatements. Eligibility for this offer also requires enrollment in Online Banking and in eStatements. Once you enroll in Online and/or Mobile Banking, you must also select eStatements, which is digital paperless delivery of your statements. In the Additional Services menu, select eStatements, and choose “I prefer eStatements” to complete your enrollment. Once enrolled, you can view, print, or download up to 12 months of statements, which are typically available on the first business day after the end of the month.