Savings Account Rates Deal of the Day: Schools Financial Credit Union at 7% APY

School Credit Union

Many consider seven to be their lucky number and with an astronomical 7% APY offer from Schools Financial Credit Union, we can all see the reason why. This particular savings account interest rate is one of the highest currently available and it is happily named “Banking for Everyone.”

There are some things you need to know to open this top savings account, including:

  • The 7% APY savings account interest rate only applies to the first $500 deposit amount
  • The 7% APY savings account interest rate does not compound on balances over $500
  • Balances over $500 will earn a .25% APY
  • Customers must sign up for either e-statements, a free checking account, direct deposit or bill pay to qualify for savings account interest rate
  • Membership to the Schools Financial Credit Union is required to qualify to the savings account interest rate
  • NCUA insured

Schools Financial Credit Union is based in Sacramento, California and has 12 full service branches to their name. The financial institution has more than $1.2 billion in assets and over 113,000 members.

>>Highest Savings Account

Other Terms and Conditions may apply. Additionally, rates may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.

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