Earn dividends on your business checking balance
As you work on growing your business, your business checking account can grow and pay out dividends monthly.
Earn Dividends
Make the most of your business funds by allowing them to grow and earn dividends while they rest in a checking account.
Unlimited Account Transactions
Experience no limit on how many deposits, transfers, and other account transactions you can make with us.
Unlimited Withdrawals
At SFCU, we want to make your business life easier by removing extra fees and limits on how often you can withdraw funds.
Avoid Account Fees
By maintaining an average daily balance of $5,000, you can have account fees waived and therefore save some extra money.
Rates
View RatesCalculate your monthly savings
Let's see what your earnings could be.
Final Balance
Contributions: | Earnings:Grow your funds while keeping your funds safe
You work hard for your business, so by choosing a Dividend Business Checking account you can reward your efforts even more. As your profits rest in this account, they can earn monthly dividends to grow the balance even more.
Enjoy greater flexibility with your funds
While other financial institutions limit how many account transactions you make with your business funds, SFCU provided a different approach. From transfers to withdrawals, we allow you to make transactions when you need.
-
1
Complete an application
Fill out an application with a Business Services Specialist or at your local branch.
-
2
Make an initial deposit
Deposit funds to start growing your account right away.
-
3
Enjoy the benefits
As you maintain the minimum average daily balance requirement of $5,000 your business can earn monthly dividends.
Help your business by effortlessly growing the account balance
As you deposit earnings into a Dividend Business Checking account, our competitive rates will allow your balance to increase each month.
SFCU cannot open accounts for local governments or businesses/organizations that deposit public and/or municipal funds.
Business Savings and Checking 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 |
$500 |
N/A |
0.00% |
0.00% |
|
Business Dividend Checking |
$5,000 |
$5,000 |
0.25% |
0.25% |
as of 09/03/2024
APR= Annual Percentage Rate. Dividends are calculated by the average daily balance (ADB) method.
APY = Annual Percentage Yield.
Basic Business Checking has a $5.00 monthly fee if the average daily balance falls below $500.
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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