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Transit Employees Federal Credit Union

Checking Rates

Rates Last Modified: June 1, 2018

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Loyalty Checking

Min. Balance to Earn Dividends Dividend Rate APY*
$3,000.00 to $4,999.99 0.15% 0.15%
$5,000.00 to $10,000.00 0.20% 0.20%
Dividends Compounded: Monthly • Dividends Credited: Monthly • Dividend Period: Calendar Month • Minimum Balance to Open an Account: $3,000.00 • Balance Method: Average Daily Balance • Limitations: Refer to Membership Booklet • Fees: Refer to Schedule of Fees. • *APY = Annual Percentage Yield. A monthly low balance fee of $1.95 will be incurred if the minimum balance requirements are not maintained.

Rewards Checking, Basic Share Draft, & Cha-Ching Checking

Type of Account Minimum Balance Dividend Rate APY*
Rewards Checking N/A 0.05% 0.05%
Basic Share Draft N/A 
 N/A  N/A 
Cha-Ching Checking N/A N/A N/A
Dividends Compounded: Monthly • Dividends Credited: Monthly • Dividend Period: Calendar Month • Minimum Balance for Dividends: $0.00 • Balance Method: Average Daily Balance • Limitations: Refer to Membership Booklet • Fees: Refer to Schedule of Fees. • *APY = Annual Percentage Yield. Basic Share Draft and Cha-Ching Checking does not earn dividends.

Business Accounts

Type of Account Minimum Balance Dividend Rate APY*
Elite Business Checking $2,500.00 0.15% 0.15%
Premier Business Checking $500.00  N/A N/A
Dividends Compounded: Monthly • Dividends Credited: Monthly • Dividend Period: Calendar Month • Minimum Balance for Dividends: $2,500.00 • Balance Method: Average Daily Balance • Limitations: Refer to Membership Booklet • Fees: Refer to Schedule of Fees. • *APY = Annual Percentage Yield. Premier Business Checking does not earn dividends.