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Business Rates

Free Business Checking

Dividend Rate

APY*

Minimum Balance to Earn APY*

*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.

Dividend Rate

N/A

APY*

N/A

Minimum Balance to Earn APY*

N/A

 

Business Checking

Dividend Rate

APY*

Minimum Balance to Earn APY

Minimum balance to avoid a fee: $5,000, 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.
*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.

Dividend Rate

Business Checking

APY*

N/A

Minimum Balance to Earn APY

N/A

 

Business Interest Checking

Minimum Balance

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.

*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.

Minimum Balance

$1 – $9,999

Dividend Rate

0.1%

APY*

0.1%

Minimum Balance to Earn APY*

$0

Minimum Balance

$10,000 – $24,999

Dividend Rate

0.1%

APY*

0.1%

Minimum Balance to Earn APY*

$10,000

Minimum Balance

$25,000 – $49,999

Dividend Rate

0.1%

APY*

0.1%

Minimum Balance to Earn APY*

$25,000

Minimum Balance

$50,000 and Above

Dividend Rate

0.1%

APY*

0.1%

Minimum Balance to Earn APY*

$50,000

 

Analysis Checking

Earnings Credit

Dividend Rate

APY*

Minimum Balance to Open

$15 monthly analyzed fee.
Rates and fees are subject to change. Please check with your local branch, or call if we can answer any questions.
*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.

Earnings Credit

0.75%

Dividend Rate

N/A

APY*

N/A

Minimum Balance to Open

$0

 

IOLTA Checking

Minimum Balance 

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.

*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.

Minimum Balance 

$0-9,999

Dividend Rate

0.15%

APY*

0.15%

Minimum Balance 

$10,000-24,999

Dividend Rate

0.2%

APY*

0.2%

Minimum Balance 

$25,000-49,999

Dividend Rate

0.25%

APY*

0.25%

Minimum Balance 

$50,000 and Above

Dividend Rate

0.3%

APY*

0.3%

 

Business Savings

Accounts

Dividend Rate

APY*

Minimum Balance to Open

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.

Accounts

Business Savings

Dividend Rate

0.05%

APY*

0.05%

Minimum Balance to Open

N/A

Minimum Balance to Earn APY*

$100

Accounts

Secondary Business Savings

Dividend Rate

0.05%

APY*

0.05%

Minimum Balance to Open

N/A

Minimum Balance to Earn APY*

N/A

 

High-Yield Business Savings

Minimum Balance

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.

Minimum Balance

$0 – $99,999.99

Dividend Rate

0.05%

APY*

0.05%

Minimum Balance to Earn APY*

$0

Minimum Balance

$100,000.00

Dividend Rate

3.00%

APY*

3.04%

Minimum Balance to Earn APY*

$100,000.00

 

Business High-Yield Money Market

Minimum Balance

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.

*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.

Minimum Balance

$0 – $99,999.99

Dividend Rate

2%

APY*

2.02%

Minimum Balance to Earn APY*

$0

Minimum Balance

$100,000.00

Dividend Rate

2%

APY*

2.02%

Minimum Balance to Earn APY*

$100,000.00

Business Certificates

Term

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.

*APY = Annual Percentage Yield

Unlimited Deposits: Make additional deposits at any time during the term of the certificate.

10-Month Certificate:: Minimum balance is $500. At maturity, certificate will roll into a new 12-month certificate. Unlimited Deposits: Make additional deposits at any time during the term of the certificate.

Bump Certificate: Minimum balance is $2,500. Rate Bump: One time upon request, we will increase your rate to the current Bump Certificate rate at the same term. The new dividend will not be applied retroactively. Penalty-Free Deposits: Unlimited deposits.

Flex Certificate: Minimum balance is $2,500. Add-on option: Unlimited deposits. Bump option: Upon request, rate will be increased to current Flex Certificate rate. Withdrawal option: Withdrawal amount cannot reduce the balance to less than the $2,500 minimum.

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. Fees may reduce earnings. 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. Federally insured by NCUA.

Term

3 Months

Dividend Rate

2.96%

APY*

3.00%

Minimum Balance

$500

Term

6 Months

Dividend Rate

4.65%

APY*

4.75%

Minimum Balance

$500

Term

10 Months

Dividend Rate

4.89%

APY*

5.00%

Minimum Balance

$500

Term

12 Months

Dividend Rate

4.41%

APY*

4.50%

Minimum Balance

$500

Term

18 Months (Flex)

Dividend Rate

2.95%

APY*

2.99%

Minimum Balance

$2,500

Term

24 Months

Dividend Rate

2.72%

APY*

2.75%

Minimum Balance

$500

Term

30 Months (Flex)

Dividend Rate

1.74%

APY*

1.75%

Minimum Balance

$2,500

Term

36 Months

Dividend Rate

2.62%

APY*

2.65%

Minimum Balance

$500

Term

36 Months (Bump)

Dividend Rate

2.62%

APY*

2.65%

Minimum Balance

$2,500

Term

48 Months

Dividend Rate

2.47%

APY*

2.50%

Minimum Balance

$500

Term

60 Months

Dividend Rate

2.23%

APY*

2.25%

Minimum Balance

$500

Term

60 Months (Bump)

Dividend Rate

2.23%

APY*

2.25%

Minimum Balance

$2,500

 

Business Jumbo Certificates

Term

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.

*APY = Annual Percentage Yield

Unlimited Deposits: Make additional deposits at any time during the term of the certificate.

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. Fees may reduce earnings. 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. Federally insured by NCUA.

 

Term

6 Months

Dividend Rate

4.90%

APY*

5.01%

Minimum Balance

$100,000

Term

12 Months

Dividend Rate

4.66%

APY*

4.76%

Minimum Balance

$100,000

Term

18 Months

Dividend Rate

3.20%

APY*

3.25%

Minimum Balance

$100,000

Term

24 Months

Dividend Rate

2.97%

APY*

3.01%

Minimum Balance

$100,000

Term

36 Months

Dividend Rate

2.87%

APY*

2.91%

Minimum Balance

$100,000

Term

60 Months

Dividend Rate

2.48%

APY*

2.51%

Minimum Balance

$100,000

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: 3.70%-14.70% for Select and Select Secured; 5.70%-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.

*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.

Credit Cards

Business Rewards

APR Range*1

14.20% – 24.20%

Credit Cards

Business Platinum

APR Range*1

12.20% – 23.20%

Credit Cards

Business Platinum Secured

APR Range*1

12.20% – 23.20%

Business Fees

Business Account Fees

Business Fee

Fee Amount

Rates and fees are subject to change. Please check with your local branch, or call if we can answer any questions.

Business Fee

Free Business Checking – Checks Cleared or Deposited

Fee Amount

$0.20 per presentment (100 free per month)

Business Fee

Business Checking – Low Balance

Fee Amount

$10 per month if minimum balance not met

Business Fee

Business Checking – Checks Cleared or Deposited

Fee Amount

$0.20 per presentment (300 free per month)

Business Fee

High-Yield Business Checking – Low Balance

Fee Amount

$10 per month if minimum balance not met

Business Fee

High-Yield Business Checking – Checks Cleared or Deposited

Fee Amount

$0.15 per presentment (200 free per month)

Business Fee

Business Savings – Low Balance

Fee Amount

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

Business Fee

Business Savings – Checks Deposited

Fee Amount

$0.20 per presentment (100 free per month)

Business Fee

High-Yield Business Money Market – Checks Cleared

Fee Amount

$10 per check over 3 check per month limit

Business Fee

High-Yield Business Money Market – Checks Deposited

Fee Amount

$0.20 per presentment (100 free per month)

Business Fee

High Yield Sweep

Fee Amount

$20

Analysis Checking Account Fees

Business Fees – Analyzed

Fee Amount – Analyzed

Rates and fees are subject to change. Please check with your local branch, or call if we can answer any questions.

Business Fees – Analyzed

Analysis Checking Account

Fee Amount – Analyzed

$15 monthly

Business Fees – Analyzed

Checks Cleared or Deposited

Fee Amount – Analyzed

$0.10 per presentment

Business Fees – Analyzed

Cash/Coin Deposited or Withdrawn

Fee Amount – Analyzed

$0.10 per $100

Business Fees – Analyzed

Rolled Coin Purchase

Fee Amount – Analyzed

$0.10 per roll

Business Fees – Analyzed

Cash Management – includes RDC, ACH & Wire Origination Services

Fee Amount – Analyzed

$40 monthly

Business Fees – Analyzed

ACH Services Only

Fee Amount – Analyzed

$25 monthly

Business Fees – Analyzed

ACH Debits and Credits

Fee Amount – Analyzed

$0.12 per presentment

Business Fees – Analyzed

Wire Transfer Services Only

Fee Amount – Analyzed

$25 monthly

Business Fees – Analyzed

Remote Deposit Capture (RDC) Services Only

Fee Amount – Analyzed

$25 monthly

Business Fees – Analyzed

RDC Low Volume Scanner

Fee Amount – Analyzed

$25 monthly

Business Fees – Analyzed

RDC High Volume Scanner

Fee Amount – Analyzed

$50 monthly

Business Digital Banking 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.

Business Fees

Digital Banking

Fee Amount

Free  

Business Fees

Business Bill Pay

Fee Amount

Free

Business Fees

Cash Management – includes RDC, ACH & Wire Origination

Fee Amount

$40 monthly

Business Fees

ACH Services Only

Fee Amount

$25 monthly

Business Fees

ACH Debits and Credits

Fee Amount

$0.12 per presentment

Business Fees

Wire Services Only

Fee Amount

$25 monthly

Business Fees

Wire Transfer – Domestic (online)

Fee Amount

$15 per transfer

Business Fees

Wire Transfer – International (online)

Fee Amount

$40 per transfer

Business Fees

Remote Deposit Capture (RDC) Services Only

Fee Amount

$25 monthly

Business Fees

RDC Low Volume Scanner

Fee Amount

$25 monthly

Business Fees

RDC High Volume Scanner

Fee Amount

$50 monthly

Business Fees

Invoicing and Payments by Autobooks – Basic

Fee Amount

Free

Business Fees

Invoicing and Payments by Autobooks – Premium Accounting Package

Fee Amount

$9.99

Business Fees

Invoicing and Payments by Autobooks – Debit/Credit Card Transaction

Fee Amount

3.49%

Business Fees

Invoicing and Payments by Autobooks – Electronic Transaction (ACH)

Fee Amount

1.00%

Business Fees

Invoicing and Payments by Autobooks – Tap to Pay Contactless Transaction

Fee Amount

2.75%

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.

Business Fees

Account Reconciliation/Research

Fee Amount

$20 per hour

Business Fees

Cash/Coin – Deposited or Withdrawn

Fee Amount

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

Business Fees

Coin Processing – Loose/Rolled 

Fee Amount

8% of transaction over $200, per day

Business Fees

Coin Purchased – Rolled 

Fee Amount

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

Business Fees

Cashier’s Check

Fee Amount

$3 each

Business Fees

Check Copies

Fee Amount

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

Business Fees

Check Orders

Fee Amount

Varies

Business Fees

Collection Item

Fee Amount

$15 per presentment or At Cost if greater

Business Fees

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

Fee Amount

$29 per presentment

Business Fees

Deposit Correction

Fee Amount

$5 per correction

Business Fees

Deposit Return Fee

Fee Amount

$15 per presentment

Business Fees

Document Retrieval

Fee Amount

$2 per page, plus $20 per hour

Business Fees

Early Account Closure

Fee Amount

$10 (if closed within 90 days of opening)

Business Fees

Expedited Payment – by phone

Fee Amount

$9.95 per payment

Business Fees

Expedited Payment – online

(excludes payments to Sound Visa Accounts)

Fee Amount

$4.95 per payment

Business Fees

Foreign Check Processing (minimum check amount $100)

Fee Amount

$20 per presentment or at cost if greater

Business Fees

Inactive Account

(after 1 year)

Fee Amount

$10 per month

Business Fees

Legal Action (garnishments/levies)

Fee Amount

$50

Business Fees

Membership Reopen

Fee Amount

$10 per reopening

Business Fees

Money Order

Fee Amount

$2 each

Business Fees

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

Fee Amount

$29 per presentment

Business Fees

Non-Member Check Cashing (above $100)

Fee Amount

$5 per presentment

Business Fees

On-Us Non-Member Check Replacement

Fee Amount

$5 per presentment

Business Fees

Overnight/Express Shipping

Fee Amount

$25

Business Fees

Photocopy

Fee Amount

$0.50 per page

Business Fees

Statement Copy

Fee Amount

$2 per statement

Business Fees

Stop Payment

Fee Amount

$32 per request

Business Fees

Stop Payment – ACH, Card, Money Order and Cashier’s Check

(can be placed on money orders and cashier’s checks only if lost or stolen)

Fee Amount

$32 per presentment

Business Fees

Uniform Commercial Code Search and Filing

Fee Amount

At Cost

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

Wire Transfer – Domestic outgoing (in branch)

Fee Amount

$25 per transfer

Business Fees

Wire Transfer – International outgoing (in branch)

Fee Amount

$50 per transfer

Business Fees

Wire Transfer Trace – International

(Fed fee pass directly to client)

Fee Amount

At Cost

Business Fees

Wrong Address

Fee Amount

$10 per quarter

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.

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.

Business Fees

Membership Share/Savings

Fee Amount

Keep a Share Savings (e.g. Business Savings) account open and in good standing. No minimum balance required.

Cannabis Business Account Rates & Fees

Cannabis Business Checking

Earnings Credit

Dividend Rate

APY*

Minimum Balance to Open

Earnings Credit

0.10%

Dividend Rate

N/A

APY*

N/A

Minimum Balance to Open

$0

Cannabis Business Account Fees

Cannabis Business Account Fees

Account Fee

Fee Amount

Account Fee

Application (non-refundable)

Fee Amount

$500 per license

Account Fee

Account Setup (upon approval)

Fee Amount

$250 per account

Account Fee

Late Documentation Fee (charged if required monthly sales data is not submitted within 30 days of due date)

Fee Amount

$200

Account Fee

Cash Courier Armored Transport 

Fee Amount

varies

Account Fee

Analysis Account Monthly Maintenance

Fee Amount

$15

Account Fee

Cash (deposited or withdrawn)

Fee Amount

$0.30 per $100

Account Fee

ACH Services Only

Fee Amount

$25 monthly

Account Fee

ACH Debits and Credits

Fee Amount

$0.12 per presentment

Account Fee

Wire Transfer Services Only – Domestic

Fee Amount

$25 monthly

Account Fee

Wire Transfer – Domestic (online)

Fee Amount

$15

Account Fee

Remote Deposit Capture (RDC) Services Only

Fee Amount

$25 monthly

Account Fee

RDC Low Volume Scanner

Fee Amount

$25 monthly

Account Fee

RDC High Volume Scanner

Fee Amount

$50 monthly

Account Fee

Deposited Return Fee

Fee Amount

$15 per presentment

Account Fee

Minimum Monthly Analysis Fee

Fee Amount

$300

Account Fee

High Yield Sweep

Fee Amount

$20