¹APY Annual Percentage Yield. APY is Telco’s current rate. Rates may change after the account is opened. Minimum deposit of $5.00 to open an account. Dividends are calculated on a daily balance method and are compounded and credited monthly. To qualify for 5.55% APY, the following qualifications must be met within each month: 1) make 15 debit card transactions (non-ATM) that post and settle to your account before the last day of each month. Members can fulfill the 15 debit transaction requirements with a variety of transactions, including: both in-person and online transactions, swipes/dips/taps-to-pay, one-time or recurring transactions, and tokenized transactions; 2) receive direct deposit in any amount to any account within the membership; and 3) enroll in eStatements. The monthly qualification cycle is defined as the period beginning the first day of the current statement cycle through the close of the current statement cycle. If you do not meet all the qualification requirements during the monthly qualification cycle, you will receive the dividend rate of the Elite Checking account as listed in the Rate Schedule; the balance of the account must be at least $2,500.00 to receive dividends. Fees may reduce earnings. For new members, an additional minimum deposit of at least $5 will be required to open a Regular Share account to join Telco. Membership requirements do apply.

²2-Day Early Pay is available for members with Telco accounts that set up direct deposit with their employer or other payer to receive electronic deposits of regular periodic payments(such as salary or government benefits). We will post ACH deposits immediately upon receipt from the Federal Reserve, which can be 2 business days before the actual effective date. However, early posting is not guaranteed and is contingent upon the deposit being received earlier than the effective date.

³Balances over $2,500 are eligible. Rates may change after the account is opened. Minimum deposit of $5.00 to open the account. Dividends are calculated on a daily balance method and are compounded and credited monthly.‍

⁴Special hold placed on $50 as long as the account remains open.

⁵Excess usage fee of $20 per month may apply if the account has over 100 combined transactional items (and the account will be subject to closure).