Guidelines for Opening a Lodge Cash Management Account

An SPJST Cash Management Account is a good option for your lodge if you want to earn interest on your lodge’s financial assets and still retain ready access to the funds in the event of need.

SPJST Cash Management Accounts are maintained through the Office of the Comptroller and can be opened on the basis of a lodge resolution to establish a Cash Management Account through the SPJST Home Office. New accounts require a minimum initial deposit of $1,000. Lodge Cash Management Accounts pay interest at a rate equivalent to SPJST’s prevailing 5-Year Annuity Credited Rate.

A lodge may withdraw money from its Cash Management Account upon a written request signed by two seated lodge officers. Email requests are also acceptable, provided that they are accompanied by the hand-written signatures of two seated lodge officers. Cash Management Account withdrawals may be issued in the form of conventional check or via electronic funds transfer.

Every effort will be made to expedite withdrawals from your lodge’s Cash Management Account; however, please allow for up to two business days for processing.