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 | $1,000.00 | 1.00% | 1.00% |
| 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 | N/A | N/A |
| $10,000 - $24,999 | 1.44% | 1.45% |
| $25,000 - $49,999 | 1.49% | 1.50% |
| $50,000 - $99,999 | 1.69% | 1.70% |
| $100,000+ | 1.73% | 1.75% |
Transaction limitations:
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 | $0.00 / statement period |
| Business Investor's Money Market account | |
| $10,000 daily minimum balance | No charge |
| Less than $10,000 daily minimum balance | $0.00 / statement period |
| 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 | $10 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 for payment. | |
View a complete list of business account fees.
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