Want to have access to your money while still earning dividends? Our Business Shares account let’s you have it your way. There is a minimum balance requirement of $5 and dividends are compounded monthly.
If you’re the highly organized type, you may want different categories of savings (i.e. one account for taxes, another for software purchases). With our Special Share accounts, you can set up unlimited separate accounts. No minimum balance is required and dividends are compounded monthly and paid monthly.
Classic Money Market
When you’re looking to earn a higher return on your money than a traditional savings account (but still need cash access), try our tiered-rate Classic Money Market. Your money keeps earning while funds remain liquid. Limited check writing is available. A minimum deposit of $5,000 is required and dividends are compounded monthly.
Index Money Market
This account is similar to the Classic Money Market, but the dividend rate is tied to the treasury index. Subject to availability. Check writing is not available. Minimum deposit of $25,000 required and interest is compounded monthly.
For even more earning potential, a certificate will offer a higher rate of return. This is a great solution for businesses who can afford to lock funds up for a specific timeframe. Certificate terms range from 3 months to 60 months with a minimum balance of $500. The minimum balance for mini-jumbo certificates is $50,000; the minimum balance for jumbo certificates is $100,000. An add-on feature allows members to add to their certificates at anytime, as long as the total of the deposits does not exceed the original opening deposit. Dividends can be compounded, mailed, or transferred to another share account monthly or at maturity.
A penalty may be imposed if you withdraw any funds from your certificate account before the maturity date. Share certificates with a term of less than one year will be subject to a forfeiture of up to 90 days of dividends on the total certificate balance at the time of early withdraw. Share certificates with a term of one year or greater will be subject to a forfeiture of up to 180 days of dividends on the total certificate balance at the time of early withdraw.