IMPORTANT BRANCH UPDATES AS OF 1/15/2021:

ALBANY BRANCH TEMPORARILY DRIVE-THRU ONLY – LOBBY ACCESS BY APPOINTMENT ONLY

TROY BRANCH TEMPORARILY DRIVE-THRU ONLY - LOBBY ACCESS BY APPOINTMENT ONLY

With COVID cases on the rise in our communities, please understand that additional closures or changes to our branch availability may be necessary. Please call 518-286-1611 (Troy) or 518-456-1611 (Albany) to check branch availability or to schedule an appointment.

We encourage all members to utilize our night drop, ATM locations, digital banking or to contact us by phone when possible. For further details, please visit www.schoolfcu.com. Thank you for your patience and understanding.


Deposit Account Rates

As of December 17, 2020

Rates subject to change without notice.

Current Prime Rate: 3.25%

Rates
Account Type Current Rate Current APY*
Regular Share Accounts 0.05% 0.05%
Summer Share Accounts 0.05% 0.05%
Vacation Share Accounts 0.05% 0.05%
Holiday Club Accounts 0.05% 0.05%
Secured Share Accounts 0.05% 0.05%
Share Draft Accounts 0.00% 0.00%
Educational Individual Retirement Share Accounts 0.10% 0.10%
Traditional and Roth Individual Retirement Share Accounts - Tiered Rates
Amount Current Rate Current APY*
$0 - $2,499.99 0.10% 0.10%
$2,500 - $9.999.99 0.20% 0.20%
$10,000 - $24,999.99 0.30% 0.30%
$25,000 - $49,999.99 0.40% 0.40%
$50,000 + 0.50% 0.50%
Money Market Checking/Savings Accounts - Tiered Rates. Minimum balance of $2,000 to earn interest.
Amount Current Rate Current APY*
$2,000 - $9,999.99 0.10% 0.10%
$10,000 - $24,999.99 0.20% 0.20%
$25,000 - $49,999.99 0.30% 0.30%
$50,000 - $149,999.99 0.40% 0.40%
$150,000 + 0.50% 0.50%
Share Certificates**
Term Current Rate Current APY*
3-month 0.15% 015%
6-month 0.20% 0.20%
12-month 0.30% 0.30%
15-month SPECIAL 0.70% 0.70%
18-month 0.40% 0.40%
24-month 0.50% 0.50%
30-month 0.60% 0.60%
36-month 0.70% 0.70%
48-month 0.80% 0.80%
60-month 0.90% 0.90%

*Annual Percentage Yield. Fees may reduce earnings.

**Minimum Balance to open a Share Certificate is $500. For IRA certificates add 10 basis points to the current listed rate - includes Traditional, Roth and Education IRA's. IRA certificates are not available for the 15-month special term. Share Certificates are subject to an early withdrawal penalty.

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