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Business Services Savings Rate and Fee Schedule

Business Services Savings Rate and Fee Schedule

Rates Effective Date: October 1, 2022

This Rate and Fee Schedule sets forth current conditions, rates, fees and charges applicable to your deposit accounts at Washington State Employees Credit Union at this time. The Credit Union may offer other rates or amend the rates contained in this schedule from time to time. For current rates please call 800.562.0999. Each account holder agrees to the terms set forth on this Rate and Fee Schedule and acknowledges that it is a part of the Consumer Account Agreement. The National Credit Union Administration insures your savings, checking, and certificate accounts with WSECU up to $250,000 on individual accounts and up to $250,000 for Individual Retirement Accounts through the NCUA Share Insurance Fund. For additional information please visit

Account Rate and Fees

Account Rates

APY%11 Dividend Rate% Balance Requirement Account Limitations
Business Savings 0.11% 0.10% $5.00
Business Interest Checking 0.06% 0.05% $2,000 $2000 Minimum Average Daily Balance
Business Checking N/A N/A --   
0.26% 0.25% $0 - $9,999.99
0.31% 0.30% $10,000 - $24,999.99
0.41% 0.40% $25,000 - $49,999.99
0.46% 0.45% $50,000 - $99,999.99
0.56% 0.55% $100,000 +
0.11% 0.10% $0 - 99,999.99
0.61% 0.60% $100,000 +

Business Account Transaction Fees

Business Checking Check Clearing Fee 25 free per month, $0.25 per check
Business Checking Deposit Fee 15 free per month, $0.25 per deposit
Courtesy Pay $27.00 per item8
Interest Checking $6.00 per month*
Interest Checking Check Clearing Fee 75 free per month, $0.25 per check

* Fee will be waived if the account has an aggregate average balance of $10,000 or more during the month.†Fees will be waived for those accounts that have maintained an aggregate average daily balance of $50,000.00‡Deposit fee does not apply to automatic electronic deposits. Deposit fee will apply for Mobile Banking deposits.

Interest Checking Deposit Fee 25 free per month, $0.25 per deposit
Overdraft Transfer $2.00 per transfer from savings
Savings Account Deposit Fee 10 free per month, $0.25 per deposit
Starter Checks $1.00 per 4 checks, 12 free within 6 mos
Stop Payment Fee $20.00 per stop order

Other Service Fees

ATM Adjustment $25.00 per Item
ATM Deposit Copy $6.00 per
Bearer Bonds/Coupons At Cost
Cashier’s Checks $2.00 per check, 2 free per day
Cashier’s Ck Copy $1.50 each copy
Cashier’s Check Stop Payment $10.00
Copy Of WSECU Check Paper $1.00 per page, 5 free; Email $.25/per page, 50 free9
Debit Card Receipt $6.00 per item
Express Loan Payment by Debit/Credit Card $8.95
Inactive Account $5.00 per month10
Legal Processing Fee $50.00

Money Orders $3.00 per money order
Non Member Cashier’s Check
$6.00 per check
Non Sufficient Funds $27.00 per item
Replacement Card $6.00 per card
Research Fee $25.00 per hour
Return Deposit Item $10.00 per item
Returned Mail Fee $5.00
Rolled or Machine Coin Fee Trans>$100: 5% of trans amt
Shared Branch Deposit Copy $6.00 per item
Statement Copy Email $.25/pg, 1 year free
Statement Copy Paper $1.00 /page,1 month free
Wire Transfers $15.00 Incoming per Item
Wire Transfers $25.00 Outgoing per Item

Business Services Savings Rate and Fee Schedule Disclaimers

 TRUTH-IN-SAVINGS ACCOUNT DISCLOSURES: The rates appearing in this schedule are accurate and effective as of the effective date indicated above. (Except as specifically described, the following disclosures apply to all of the accounts.)

  1. Rate Information: The Dividend Rate and Annual Percentage Yield (APY) on your accounts are set forth above. The Dividend Rate and APY may change monthly as determined by the Management Pricing Committee.
  2. Nature of Dividends: Dividends are paid from current income and available earnings after required transfers to reserves at the end of a dividend period. The Dividend Rate and Annual Percentage Yield set forth above are accurate as of the Effective Date which the Credit Union anticipates paying for the applicable dividend period.
  3. Compounding and Crediting: Dividends will be compounded and credited monthly. The Dividend Period for all accounts is monthly beginning on the first calendar day of the month and ending on the last calendar day of the month.
  4. Accrual of Dividends: Dividends will begin to accrue on all deposits on the day you make the deposit to your account. If you close your account before accrued dividends are credited, accrued dividends will not be paid.
  5. Balance Information: The average minimum balance required to earn dividends and obtain the APY on all accounts and to avoid interest checking monthly fees is set forth above. Dividends are calculated by the Average Daily Balance method which applies a daily periodic rate to the Average Daily Balance in the account for the period. The Average Daily Balance is determined by adding the principle in the account for each day of the period and dividing that sum by the number of days in the period. If the average daily balance falls below the established minimum of $2,000.00, dividends will not be paid at month end and fees may apply on Interest Checking.
  6. Account Limitations: The account limitations for each account are set forth above. For non-dividend bearing savings accounts pending our receiving valid tax identification number, no other services may be added.
  7. Money Market: Dividends will pay based on the tier your Average Daily Balance falls within on the last day of the month. A maximum of six electronic transfers (e.g., checks, Online Banking, by phone, pre-authorized or automatic transfers and payments) per month are allowed.
  8. Courtesy Pay: There is a daily fee cap of no more than five (5) Courtesy Pay fees a day. If the account is less than $3.00 negative after the Courtesy Pay transaction posts, no fee will be charged. WSECU Balanced Checking is not eligible for Courtesy Pay.
  9. Check Copy Fees: Must provide the check number and clear date or the research fee applies. Free check copy count is per month.
  10. Inactive Account Fees: Applies to accounts that have been inactive for 15 months or more. Certain exceptions may apply.
  11. Annual Percentage Yield (APY): Fees may reduce earnings. APY is based on a $1,000 assumed deposit.

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