Business Rates & Fees

Free Business Checking

Today's Rates

Dividend Rate

APY*

 

Minimum Balance to Earn APY*

Today's Rates

Free Business Checking

Dividend Rate

NA

APY*

 

NA

Minimum Balance to Earn APY*

NA

High-Yield Business Checking Rates

Today's Rates

Dividend Rate

APY*

Minimum Balance To Earn APY*

Minimum balance to avoid a fee: $10,000, otherwise $10 per month
Rates and fees are subject to change. Please check with your local branch, or call if we can answer any questions.
Effective as of May 1, 2018

Today's Rates

$1 - $9,999

Dividend Rate

0.15%

APY*

0.15%

Minimum Balance To Earn APY*

$0

Today's Rates

$10,000 - $24,999

Dividend Rate

0.2%

APY*

0.2%

Minimum Balance To Earn APY*

$10,000

Today's Rates

$25,000 - $49,999

Dividend Rate

0.25%

APY*

0.25%

Minimum Balance To Earn APY*

$25,000

Today's Rates

$50,000 and Above

Dividend Rate

0.3%

APY*

0.3%

Minimum Balance To Earn APY*

$50,000

IOLTA Checking Rates

Today's Rates

Dividend Rate

APY *

IOLTA = Interest on Lawyers Trust Account
Rates and fees are subject to change. Please check with your local branch, or call if we can answer any questions.
Effective as of May 1, 2018

Today's Rates

$0-9,999

Dividend Rate

0.15%

APY *

0.15%

Today's Rates

$10,000-24,999

Dividend Rate

0.2%

APY *

0.2%

Today's Rates

$25,000-49,999

Dividend Rate

0.25%

APY *

0.25%

Today's Rates

$50,000 and Above

Dividend Rate

0.3%

APY *

0.3%

Business Savings Rates

Today's Rates

Dividend Rate

APY *

Minimum Balance to Open

Minimum Balance To Earn APY *

1Minimum balance to avoid a fee: $25, otherwise $5 per month
Rates and fees are subject to change. Please check with your local branch, or call if we can answer any questions.
Effective as of May 1, 2018

Today's Rates

Business Savings1

Dividend Rate

0.05%

APY *

0.05%

Minimum Balance to Open

$25

Minimum Balance To Earn APY *

$100

Today's Rates

Secondary Business Savings

Dividend Rate

0.05%

APY *

0.05%

Minimum Balance to Open

N/A

Minimum Balance To Earn APY *

N/A

Business High-Yield Money Market Rates

Today's Rates

Dividend Rate

APY *

Minimum Balance To Earn APY *

Rates and fees are subject to change. Please check with your local branch, or call if we can answer any questions.
Effective as of May 1, 2018

Today's Rates

$0 - $9,999.99

Dividend Rate

0.2%

APY *

0.2%

Minimum Balance To Earn APY *

$0

Today's Rates

$10,000 - $24,999

Dividend Rate

0.25%

APY *

0.25%

Minimum Balance To Earn APY *

$10,000

Today's Rates

$25,000 - $49,999

Dividend Rate

0.3%

APY *

0.3%

Minimum Balance To Earn APY *

$25,000

Today's Rates

$50,000-$99,999

Dividend Rate

0.4%

APY *

0.4%

Minimum Balance To Earn APY *

$50,000

Today's Rates

$100,000-$249,999

Dividend Rate

0.5%

APY *

0.5%

Minimum Balance To Earn APY *

$100,000

Today's Rates

$250,000 and Above

Dividend Rate

0.55%

APY *

0.55%

Minimum Balance To Earn APY *

$250,000

Business Certificate Account Rates

Business Certificates

Dividend Rate

APY *

Minimum Balance

Rates and fees are subject to change. Please check with your local branch, or call if we can answer any questions.
Effective as of May 1, 2018

Business Certificates

6 months

Dividend Rate

0.4%

APY *

0.4%

Minimum Balance

$500

Business Certificates

12 months

Dividend Rate

0.7%

APY *

0.7%

Minimum Balance

$500

Business Certificates

18 months (Flex)

Dividend Rate

0.75%

APY *

0.75%

Minimum Balance

$2,500

Business Certificates

24 months

Dividend Rate

1%

APY *

1%

Minimum Balance

$500

Business Certificates

30 months (Flex)

Dividend Rate

1.1%

APY *

1.11%

Minimum Balance

$2,500

Business Certificates

36 months

Dividend Rate

1.3%

APY *

1.31%

Minimum Balance

$500

Business Certificates

36 months (Bump)

Dividend Rate

1.3%

APY *

1.31%

Minimum Balance

$2,500

Business Certificates

48 months

Dividend Rate

1.55%

APY *

1.56%

Minimum Balance

$500

Business Certificates

60 months

Dividend Rate

2%

APY *

2.02%

Minimum Balance

$500

Business Certificates

60 months (Bump)

Dividend Rate

2%

APY *

2.02%

Minimum Balance

$2,500

Business Jumbo Certificate Rates

Business Certificates

Dividend Rate

APY *

Minimum Balance

Rates and fees are subject to change. Please check with your local branch, or call if we can answer any questions.
Effective as of May 1, 2018

Business Certificates

6 months

Dividend Rate

0.5%

APY *

0.5%

Minimum Balance

$100,000

Business Certificates

12 months

Dividend Rate

0.8%

APY *

0.8%

Minimum Balance

$100,000

Business Certificates

18 months

Dividend Rate

0.85%

APY *

0.85%

Minimum Balance

$100,000

Business Certificates

24 months

Dividend Rate

1.05%

APY *

1.06%

Minimum Balance

$100,000

Business Certificates

36 months

Dividend Rate

1.4%

APY *

1.41%

Minimum Balance

$100,000

Business Certificates

60 months

Dividend Rate

2.05%

APY *

2.07%

Minimum Balance

$100,000

*APY = Annual Percentage Yield. Rates subject to change without notice.
Note: All Savings accounts which have dividends compounded and credited are paid monthly.
This Rate and Fee Schedule sets forth current conditions, rates, fees and charges applicable to your accounts at Sound Credit Union at this time. The Credit Union may offer other dividend rates, annual percentage yields and fees or amend the dividend rates, annual percentage yields and fees contained in this schedule from time to time. Each account holder agrees to the terms set forth on this Rate and Fee Schedule and acknowledges that it is a part of the Membership and Account Agreement.

Business Credit Cards

Credit Cards

APR Range*1

¹Variable Rate Information: Your rate may increase or decrease if the Prime Rate as published in the Wall Street Journal 5 days before the end of the previous month increases or decreases. Your rate can change monthly on the first day of each billing cycle following a change in the Prime Rate. Your rate will be equal to the Prime Rate plus a margin of: 5.70%-14.70% for Select and Select Secured; 7.70%-15.70% for Rewards and Cash Back. Any increase will take the form of more payments of the same amount. Your variable rate will never be more than the maximum rate allowed by applicable law.
Rates and fees are subject to change. Please check with your local branch, or call if we can answer any questions.
Effective as of May 1, 2018

Credit Cards

Business Rewards

APR Range*1

12.45% - 20.45%

Credit Cards

Business Platinum

APR Range*1

10.45% - 19.45%

Credit Cards

Business Platinum Secured

APR Range*1

10.45% - 19.45%

*All loans are subject to credit approval. Your rate and credit limit will be determined based on individual creditworthiness including income, debt ratio, and employment. Verification of income may be required. Must be 18 years of age to qualify for a loan. Must be a Sound Credit Union member to participate. Anyone who lives or works in WA can join. Membership at Sound requires a savings account with a minimum balance of $25.

Business Savings Account Fees

Business Fees

Fee Amount

Rates and fees are subject to change. Please check with your local branch, or call if we can answer any questions.
Effective as of May 1, 2018

Business Fees

Business Savings Low Balance

Fee Amount

$5 if balance falls below $25 on last day of the month

Business Fees

Charge per Deposited Item

Fee Amount

$0.20 per item (100 free per month)

Business Fees

High-Yield Business Money Market Check Over Limit

Fee Amount

$10 per check over 3 check per month limit

Business Fees

NSF (1 NSF or Courtesy Pay refund per calendar year upon request)

Fee Amount

$32 per item

Business Checking Account Fees

Business Fees

Fee Amount

Rates and fees are subject to change. Please check with your local branch, or call if we can answer any questions.
Effective as of May 1, 2018

Business Fees

Free Business Checking Charge per Check Cleared

Fee Amount

$0.20 per item (100 free per month)

Business Fees

Free Business Checking Charge per Deposited Item

Fee Amount

$0.20 per item (100 free per month)

Business Fees

High-Yield Business Checking Low Balance

Fee Amount

$10 per month if minimum balance not met

Business Fees

High-Yield Business Checking Charge per Check Cleared

Fee Amount

$0.15 per item (200 free per month)

Business Fees

High-Yield Business Checking Charge per Deposited Item

Fee Amount

$0.15 per item (200 free per month)

Business Fees

Overdraft Transfer

Fee Amount

$5 each day a transfer occurs

Business Fees

NSF (1 NSF or Courtesy Pay refund per calendar year upon request)

Fee Amount

$32 per item

Business Fees

Courtesy Pay (1 NSF or Courtesy Pay refund per calendar year upon request)

Fee Amount

$32 per item; no fee for items $5 or less

Business Fees

Stop Payment

Fee Amount

$32 per request

Business Fees

On-Us Non-Member Check Replacement

Fee Amount

$5 per request

Business Fees

Check Copies

Fee Amount

$2 per copy, plus $20 per hour retrieval (2 copies free per statement)

Business Fees

Check Printing

Fee Amount

Price varies depending on style

Other Business Service Fees

Business Fees

Fee Amount

Rates and fees are subject to change. Please check with your local branch, or call if we can answer any questions.
Effective as of May 1, 2018

Business Fees

Cash/Coin (Deposited or Withdrawn)

Fee Amount

$0.20 per $100 ($10,000 free per month)

Business Fees

Rolled Coin Purchased

Fee Amount

$0.20 per $100 (20 rolls free, $0.25 per roll thereafter)

Business Fees

Loose/Rolled Coin Processing

Fee Amount

8% of transaction over $200

Business Fees

Account Reconciliation/Research

Fee Amount

$20 per hour

Business Fees

Legal Action (garnishments/levies)

Fee Amount

$50

Business Fees

Statement Copy

Fee Amount

$2 per statement

Business Fees

Deposited Item Return

Fee Amount

$15 per item

Business Fees

Deposit Correction

Fee Amount

$5 per correction

Business Fees

Collection Item

Fee Amount

$15 per item (or at cost if greater)

Business Fees

Returned Item

Fee Amount

$32 per item

Business Fees

Photocopy

Fee Amount

$0.50 per page

Business Fees

Overnight/Express Shipping

Fee Amount

$25

Business Fees

Wire Transfer (outgoing)

Fee Amount

$25 per transfer

Business Fees

International Wire Transfer (outgoing)

Fee Amount

$50 per transfer

Business Fees

Money Order

Fee Amount

$2 each

Business Fees

Cashier's Check

Fee Amount

$3 each

Business Fees

Membership Reopen

Fee Amount

$10 per reopening

Business Fees

Telephone Electronic Payment

Fee Amount

$9.95 per payment

Business Fees

Document Retrieval

Fee Amount

$2 per page, plus $20 per hour

Business Fees

Inactive Account (after 1 year and aggregate balance under $250)

Fee Amount

$10 per month

Business Fees

Early Account Closure

Fee Amount

$10 (if closed within 90 days of opening)

Business Fees

ACH, Money Order and Cashier's Check Stop Payment (a stop payment can be placed on money orders and cashier's checks only if lost or stolen)

Fee Amount

$32 per item

Business Fees

Visa Gift Card Purchase
($25 minimum, $1,000 maximum)

Fee Amount

$3.95 per card at branches, $5.95 per card online

Business Fees

Online Banking & Bill Pay

Fee Amount

Free

Business Fees

Wrong Address

Fee Amount

$10 per quarter

Business Fees

Universal Commercial Code Search and Filing

Fee Amount

At Cost

Business ATM and Card Fees

Business Fees

Fee Amount

Rates and fees are subject to change. Please check with your local branch, or call if we can answer any questions.
Effective as of May 1, 2018

Business Fees

Card Replacement

Fee Amount

$5 per replacement ($25 per rush order)

Business Fees

Non-Network Card Withdrawal at Sound ATM

Fee Amount

$3.50 per transaction

Business Membership Requirement

Business Fees

Fee Amount

Rates and fees are subject to change. Please check with your local branch, or call if we can answer any questions.
Effective as of May 1, 2018

Business Fees

Membership Share/Savings

Fee Amount

one (1) per share of $25 required

This Rate and Fee Schedule sets forth current conditions, rates, fees and charges applicable to your accounts at Sound Credit Union at this time. The Credit Union may offer other dividend rates, annual percentage yields and fees or amend the dividend rates, annual percentage yields and fees contained in this schedule from time to time. Each account holder agrees to the terms set forth on this Rate and Fee Schedule and acknowledges that it is a part of the Membership and Account Agreement.

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