Offer Eligibility

To qualify for this offer, either new or existing members must open a new Checking Account and a new Money Market Account during the promotion period beginning on June 1, 2026, through September 30, 2026. This special promotional period ends on September 30, 2026. Both the new Checking and Money Market Accounts must be opened concurrently and funded exclusively with new money – funds currently held in any deposit account at San Francisco Federal Credit Union are not eligible. Transfers from existing accounts held at San Francisco Federal Credit Union do not qualify. All requirements for the promotion as indicated below must be met to receive the promotional rates. New Members must open and maintain a share savings account in good standing.

New Money Requirement & Balance Requirement

A minimum deposit of $2,500 in new money must be made into the new Checking Account at the opening. New money is defined as funds originating from an external financial institution.

A minimum deposit of $20,000 in new money must be put into the new Money Market Account at the time of account opening. Funds transferred from an existing account at this institution, including any savings, checking, or any other existing accounts, do not constitute new money and will not count toward this requirement. Each deposit source will be evaluated separately. All accounts must be maintained in good standing.

Promotional Rate, APY, Tiers, & Rate Reversion and Changes

A promotional Annual Percentage Yield (APY) of 4.00% will apply to the qualifying balance for the promotional period, subject to the relationship and balance requirements above. Beginning on October 1, 2026, the account reverts to the then-applicable standard variable APY by tier and apply to the full balance. Once the promotional period ends, the following variable interest rates will apply to your account balances: 2.50% APY on balances greater than $20,000, and 0.100% APY on balances between $19,999 and $2,500. The Standard APY is variable and may change at any time at our discretion without prior notice, subject to applicable law. The APY assumes interest remains on deposit for a full 365-day year. Withdrawals of interest will reduce earnings. Interest is compounded daily and credited monthly. The Checking Account is a non-interest-bearing account. For example, a deposit of $20,000 earning 4.00% APY for the full promotional period of 120 days expiring on September 30, 2026, followed by the then-applicable standard variable APY that is 2.50% as of June 1, 2026. Actual earnings will vary based on balance, rate changes, and the timing of deposits and withdrawals. This is not a guaranteed return. APY is subject to change without notice.

Tax Information, Terms, & Limitations

A form 1099-INT will be issued if required by the IRS. Money Market Account terms and conditions apply. Fees may reduce earnings. Federal law limits certain types of withdrawals and transfers to a combined total of six per monthly statement cycle. Transaction fees may apply, see Member Handbook and Schedule of Fees for details. This offer is limited to one bonus per member, per household. Both accounts must be held in the same ownership capacity (e.g. individual, joint). Joint accounts are eligible. Offer may not be combined with any other promotional offer. We reserve the right to modify or cancel this offer at any time without prior notice. Offer is void where prohibited by law. Additional terms and conditions may apply.