Business Savings Account in Norwich
Business Savings in Norwich with SFCU offers a secure way for your business to grow its funds. Every business needs a place to build up some savings. Whether it's for a piece of equipment, a much-needed expansion, or just for a rainy day, open a business savings account with SFCU to start building your savings and earn a few dividends along the way.
Key Features of Our Business Savings Account
Earn Dividends
Accelerate your business goals by earning dividends on your savings balance, allowing idle funds to grow steadily while supporting future investments, expenses, and long-term financial stability for continued business success.
Online and Mobile Banking
Manage your business finances easily with secure online and mobile banking, giving you access to accounts, transfers, and tools wherever work takes you day or night, anywhere.
Federally Insured
Enjoy confidence knowing your business savings are protected, with deposits federally insured up to $250,000 by the NCUA, safeguarding your money against unexpected financial disruptions.
$5 Opening Deposit
Start building your business savings easily with a minimal opening deposit of just $5, making it simple to establish an account and begin saving immediately without financial barriers or stress.
Withdraw Anytime
Your funds aren't locked into a savings term. You can withdraw funds at any time for complete financial flexibility, so your business cash is available when needed.
Competitive Rates
Enjoy competitive business savings account rates that help your savings grow more over time, letting your balance work harder toward your financial goals with every dollar.
Rates
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Final Balance
Contributions: | Earnings:-
1
Open an account
Let our Business Services Experts guide you through the account opening.
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2
Make initial deposit
Get started with just a $5 required initial deposit.
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3
Save money
Use the account to save money for your business goals or to weather a rainy day.
Why Choose Sidney FCU?
SFCU offers personalized, community-focused financial services backed by local expertise and a friendly, neighborhood touch. Members enjoy a full range of banking, business, and lending options designed to help reach goals, plus straightforward membership eligibility and trusted support from people who know and care about the region. Joining opens the door to accessible accounts, competitive services, and supportive financial guidance.
Visit Our Norwich Branch
Address: 5900 County Road 32, Norwich, NY 13815
Lobby Hours: Mon – Fri: 9 am – 4:30 pm
Sat: 9 am – 12 pm
Drive-Up Hours: Mon – Fri: 9 am – 5 pm
Sat: 9 am – 12 pm
Phone: (877) 642-7328
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Yes, a business savings account with SFCU helps small businesses save securely while earning dividends on balances, giving you extra growth potential and financial flexibility for future goals. It’s straightforward to open and manage.
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A local business benefits from a business savings account with SFCU through dividend earnings, easy access to funds anytime, and federally insured deposits, making it a smart, secure way to grow savings.
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Yes, you can link your business checking to your savings account, letting you transfer funds easily and even use savings to cover overdrafts or manage cash flow more smoothly.
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No, SFCU membership eligibility extends beyond Norwich. Businesses in eligible counties or with ties to the area can open a business savings account too. Contact us to learn more or to get started.
Business Account Rates
| Type of Account | Minimum Balance to Open | Average Daily Balance Required to Obtain Annual Percentage Yield (APY) | Dividend Rate (APR) | Annual Percentage Yield (APY) |
|---|---|---|---|---|
| Savings | $5 | $118 | 0.05% | 0.05% |
| Business Non-Dividend Escrow Account | N/A | N/A | 0.00% | 0.00% |
| Money Management | $2,500 | $2,500 | 0.07% | 0.07% |
| Money Management | $5,000 | 0.10% | 0.10% | |
| Money Management | $10,000 | 0.15% | 0.15% | |
| Money Management | $150,000 | 1.98% | 2.00% | |
| Community Checking (Not For Profit/Organization) | N/A | N/A | 0.00% | 0.00% |
| Business Basic Checking | N/A | N/A | 0.00% | 0.00% |
| Business Dividend Checking | $5,000 | $5,000 | 0.25% | 0.25% |
Rates effective as of: February 11, 2026
APR= Annual Percentage Rate. Dividends are calculated by the average daily balance (ADB) method.
APY = Annual Percentage Yield.
Business Dividend Checking has a $5.00 monthly fee if the average daily balance falls below $5000.
Basic Business Checking & Business Dividend Checking allow for unlimited account transactions with no fees
Community Checking Account is for Not-for-Profit Corporations, Organizations, and Associations. There are no minimum or average daily balance requirements associated with this product.
All rates are subject to change at any time. Membership Par Value: to establish a new membership at SFCU a minimum of $5.00 (par value) is required to be deposited and maintained in your primary savings.
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Let's Get Started!
Not a Member?
We’d love to welcome you to the SFCU family! Getting started is easy – just click the link below to begin opening your account.
Already a Member?
Head over to online or mobile to add a new product. See ‘xPress Accounts’ under ‘Account Services’ Menu. Or select ‘Add a Product’ to get started now.
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