Business savings account rates, fees and disclosure
Business account funds are insured to an aggregate of $250,000 by the National Credit Union Administration (NCUA), an independent agency of the United States government, through the National Credit Union Share Insurance Fund (NCUSIF).
To open a business checking account: Visit a branch. For questions or more information, call us at 1-800-732-0173.
|Account||Minimum balance to earn dividends*||Dividend rate||Annual Percentage Yield (APY)|
|Business Basic Savings||$100.00||0.15%||0.15%|
|Business Money Market savings||No minimum||0.96%||0.96%|
|Business Investor's Money Market savings||$10,000.00||See table below||See table below|
Minimum balance to open a Business Basic Savings account is $5.00
Minimum balance to open a Business Money Market savings account is $5.00
Minimum balance to open a Business Investor's Money Market savings account is $10,000.00
*Minimum daily balance that must be maintained each day to earn dividends.
|For account balances of||Dividend rate||Annual Percentage Yield (APY)|
|0 - $9,999||0.00%||0.00%|
|$10,000 - $24,999||1.25%||1.26%|
|$25,000 - $49,999||1.55%||1.56%|
|$50,000 - $99,999||1.84%||1.86%|
Each account holder agrees to the terms set forth on this Business Truth in Savings disclosure and acknowledges that it is part of the Membership and Account Agreement.
|Fee type||Product fees|
|Business Basic Savings account|
|$250 minimum balance||No charge|
|Less than $250 minimum balance||$3 / calendar month|
|Business Money Market account|
|$1,000 daily minimum balance||No charge|
|Less than $1,000 daily minimum balance||$15 / statement period|
|Business Investor's Money Market account|
|$10,000 daily minimum balance||No charge|
|Less than $10,000 daily minimum balance||$20 / statement period|
|Early account closure fee*||$55|
|* If held less than 90 days|
|Overdraft Paid (Courtesy Payment)|
|$10.00 or less||No fee|
|$10.01 or greater||$10 per presentment**|
|Returned Item fee (non-sufficient funds)|
|$10.00 or less||No fee|
|$10.01 or greater||$3 per presentment***|
** Overdraft Paid fees are limited to a daily maximum of 5 overdraft fees per day per account.
*** Returned Item fees are limited to one per day per account. We may charge a fee each time an item is submitted or resubmitted for payment. Therefore, you may be assessed more than one Returned Item fee as a result of a returned item or resubmission(s) of the returned item.
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