A secure place to store your business savings, with a few dividends thrown in
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.
Earn Dividends
Reach your business's financial goals even faster by earning dividends on your Business Savings Account balance.
$5 Opening Deposit
It doesn't take much to start saving. Open your Business Savings Account with a low initial deposit of just $5.
Online and Mobile Banking
It's easy to manage your business funds anywhere, anytime with online and mobile banking tools available.
Withdraw Anytime
Your funds aren't locked into a savings term. You can withdraw funds at any time for complete financial flexibility.
Federally Insured
All deposits are federally insured to at least $250,000 by the NCUA, so you can enjoy more peace of mind.
Rates
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Final Balance
Contributions: | Earnings:There's nothing better than earning while you save
Unlike a standard checking account, a Business Savings Account from SFCU earns dividends on your account balance. That way, you can earn a little extra money while you save for the future, helping you reach your business's financial goals even faster.
Access your business's money anytime
With a Business Savings Account from SFCU, your funds are never locked into a savings term. You can access your business funds at any time to cover any expense that might pop up.
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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.
Have a question? Get in touch with us
The best way to save for your business
With a Business Savings Account from SFCU, you can enjoy a secure place to stash funds and earn some dividends along the way to help you reach your business's financial goals even faster.
SFCU cannot open accounts for local governments or businesses/organizations that deposit public and/or municipal funds.
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 |
$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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