Limited-Time Offer

¹New Money Offer: Earn up to a $1,000 cash bonus. This offer is for new and existing members. Cash bonuses are earned based on a tiered payout structure and determined by the amount you grow your deposit account balances through new money deposits over a 90-calendar-day period (“Tracking Period”). 

The process to enroll and qualify for the new money offer is as follows:

• You can enroll at a branch, through our Contact Center, or by phone/video appointment. You can also enroll through online account opening by entering offer code NM2024 or by completing an enrollment form via Online Banking.

• Your total combined deposit balances as of the end of the calendar day prior to your enrollment date will serve as the Starting Balance.²

• You will have 14 calendar days post-enrollment to deposit new money and increase your deposit balances.

• After the 14 calendar-day period, the Tracking Period begins, where combined balances across all deposit products will be tracked for the offer.

• After the Tracking Period ends, the cash bonus will be determined by calculating the difference between the Starting Balance and the Average Daily Balance³ of your combined end-of-day deposit balances throughout the Tracking Period.

• If the difference between the balances results in positive growth of at least $25,000, you will earn a cash bonus as outlined in the payout tiers below.

New Money Bonus Tiers

Additional Program Guidelines/Restrictions: Offer valid as of 03/27/2024. A new account is not required. All deposit accounts in which you have primary or joint ownership will be included in the Starting Balance and the final Average Daily Balance totals. All new deposit balances may only be considered toward the requirements for one qualified enrollment/offer. Balances from Savings and Certificate Secured Loans, Teachers Investment Services, internal transfers or funds that originate from a Teachers account are not eligible. All enrollments are subject to approval. You must enter offer code NM2024 when enrolling through online account opening. Enrollments may also be submitted by completing an enrollment form via Online Banking where applicable. The cash bonus will be deposited to your primary Regular Savings account up to 45 days after the Tracking Period ends. You must maintain a total combined deposit balance of greater than or equal to $0.00 and be in good standing at the time of payout to receive the cash bonus. These offers are limited to one per primary member. Teachers employees are not eligible. Eligible members may combine this offer only with the Refer-a-Friend program. Teachers Federal Credit Union reserves the right to modify or discontinue this offer at any time. We also reserve the right to rescind any cash bonus paid if there is a violation of the terms, requirements and/or promotional guidelines of these offers. The cash bonus earned will be reported on IRS Form 1099-MISC (or Form 1042-S, if applicable). Membership at Teachers is required by opening a minimum $1.00 Regular Savings account.

²Starting Balance is the total amount of primary or jointly-owned combined deposit balances as of the end of the calendar day prior to your enrollment date. 

³Average Daily Balance is calculated by adding the end-of-day combined deposit balances each day during the Tracking Period and dividing that total by the number of days in the Tracking Period. 

⁴Qualified APY of 3.00% is for balances $15,000.01 or above will receive an APY of 0.10% APY accurate as of 09/06/2023. 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 a given 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 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 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. 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. 

⁵APY = Annual Percentage Yield. Qualified APY of 3.00% is for balances up to $15,000.00 only. Balances $15,000.01 or above will receive an APY of 0.10%. APY accurate as of September 6, 2023. 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 a given 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 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 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. 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.