Business Rates & Fees

Free Business Checking

Today's Rates

Dividend Rate

APY*

 

Minimum Balance to Earn APY*

Free Business Checking

NA

NA

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 November 1, 2017

$1 - $9,999

0.05%

0.05%

$0

$10,000 - $24,999

0.1%

0.1%

$10,000

$25,000 - $49,999

0.15%

0.15%

$25,000

$50,000 and Above

0.2%

0.2%

$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 November 1, 2017

$0-9,999

0.05%

0.05%

$10,000-24,999

0.1%

0.1%

$25,000-49,999

0.15%

0.15%

$50,000 and Above

0.2%

0.2%

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 November 1, 2017

Business Savings1

0.05%

0.05%

$25

$100

Secondary Business Savings

0.05%

0.05%

N/A

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 November 1, 2017

$0 - $9,999.99

0.1%

0.1%

$0

$10,000 - $24,999

0.15%

0.15%

$10,000

$25,000 - $49,999

0.2%

0.2%

$25,000

$50,000-$99,999

0.3%

0.3%

$50,000

$100,000-$249,999

0.4%

0.4%

$100,000

$250,000 and Above

0.5%

0.5%

$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 November 1, 2017

6 months

0.25%

0.25%

$500

12 months

0.35%

0.35%

$500

18 months (Flex)

0.4%

0.4%

$2,500

24 months

0.7%

0.7%

$500

30 months (Flex)

0.8%

0.8%

$2,500

36 months

1%

1%

$500

36 months (Bump)

1%

1%

$2,500

48 months

1.25%

1.26%

$500

60 months

1.75%

1.76%

$500

60 months (Bump)

1.75%

1.76%

$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 November 1, 2017

6 months

0.35%

0.35%

$100,000

12 months

0.45%

0.45%

$100,000

18 months

0.5%

0.5%

$100,000

24 months

0.8%

0.8%

$100,000

36 months

1.1%

1.1%

$100,000

60 months

1.85%

1.86%

$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 November 1, 2017

Business Rewards

11.95% - 19.95%

Business Platinum

9.95% - 18.95%

Business Platinum Secured

9.95% - 18.95%

*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 November 1, 2017

Business Savings Low Balance

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

Charge per Deposited Item

$0.20 per item (100 free per month)

High-Yield Business Money Market Check Over Limit

$10 per check over 3 check per month limit

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

$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 November 1, 2017

Free Business Checking Charge per Check Cleared

$0.20 per item (100 free per month)

Free Business Checking Charge per Deposited Item

$0.20 per item (100 free per month)

High-Yield Business Checking Low Balance

$10 per month if minimum balance not met

High-Yield Business Checking Charge per Check Cleared

$0.15 per item (200 free per month)

High-Yield Business Checking Charge per Deposited Item

$0.15 per item (200 free per month)

Overdraft Transfer

$5 each day a transfer occurs

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

$32 per item

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

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

Stop Payment

$32 per request

On-Us Non-Member Check Replacement

$5 per request

Check Copies

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

Check Printing

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 November 1, 2017

Cash/Coin (Deposited or Withdrawn)

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

Rolled Coin Purchased

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

Loose/Rolled Coin Processing

8% of transaction over $200

Account Reconciliation/Research

$20 per hour

Legal Action (garnishments/levies)

$50

Statement Copy

$2 per statement

Deposited Item Return

$15 per item

Deposit Correction

$5 per correction

Collection Item

$15 per item (or at cost if greater)

Returned Item

$32 per item

Photocopy

$0.50 per page

Overnight/Express Shipping

$25

Wire Transfer (outgoing)

$25 per transfer

International Wire Transfer (outgoing)

$50 per transfer

Money Order

$2 each

Cashier's Check

$3 each

Membership Reopen

$10 per reopening

Telephone Electronic Payment

$9.95 per payment (not applied to Visa payments)

Document Retrieval

$2 per page, plus $20 per hour

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

$10 per month

Early Account Closure

$10 (if closed within 90 days of opening)

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)

$32 per item

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

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

Online Banking & Bill Pay

Free

Wrong Address

$10 per quarter

Universal Commercial Code Search and Filing

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 November 1, 2017

Card Replacement

$5 per replacement ($25 per rush order)

Non-Network Card Withdrawal at Sound ATM

$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 November 1, 2017

Membership Share/Savings

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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