Business Credit Card
Rates effective September 1, 2024; subject to change.
| Tiers | APR (Annual Percentage Rate) |
| Business Variable | 12.50% |
Business Edge (Checking) Rates
Rates effective August 1, 2024; subject to change.
| Minimum Balance | Dividend Rate | APY* |
| $5,000-$9,999 | 0.050 | 0.05 |
| $10,000-$19,999 | 0.100 | 0.10 |
| $20,000 & over | 0.150 | 0.15 |
*APY=Annual Percentage Yield.
Business Edge – Dividends are compounded monthly and paid monthly. The dividend period is monthly. Dividends are calculated by the daily balance method which applies a daily periodic rate to the collected balance, above $5,000, in the account each day. Dividends will begin to accrue on the business day the items are assumed collected in your account. If the balance drops below $5,000, the account will not be paid a dividend for that day, but will not lose the dividends earned for the entire month.
Business Regular Savings Rates
Rates effective August 1, 2024; subject to change.
| Minimum Balance | Dividend Rate | APY* |
| $5.00 | 0.100 | 0.10 |
*APY=Annual Percentage Yield. The dividend rate and annual percentage yield may change at any time at the credit union's discretion.
Business Basic Savings – Dividends compounded quarterly and paid quarterly. The Dividend Period is quarterly. Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Dividends will begin to accrue on the business day you place non-cash items (for example, checks) to your account.
For Money Market and Savings accounts, Federal regulations allow up to six transfers a month. We may require the governing body of the organization opening the account to give us a separate authorization telling us who is authorized to act on its behalf. We will honor the authorization until we actually receive written notice of a change from the governing body of the organization. We may require separate documentation to open an organization account. If you close your account before dividends are paid, you will not receive the accrued dividends.
Business Tiered Savings Rates
Rates effective August 1, 2024; subject to change.
| Minimum Balance | Dividend Rate | APY* |
| $0-$9,999 | 1.884 | 1.90 |
| $10,000-$24,999 | 1.982 | 2.00 |
| $25,000-$74,999 | 2.080 | 2.10 |
| $75,000-$249,999 | 2.276 | 2.30 |
| $250, 000 & over | 2.374 | 2.40 |
*APY=Annual Percentage Yield. The dividend rate and annual percentage yield may change at any time at the credit union's discretion.
Business Tiered Savings Account – (Formally Money Market) Dividends compounded monthly and paid monthly. The dividend period is monthly. Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Dividends will begin to accrue on the business day you place non-cash items (for example, checks) to your account. Account earns 0.10% APY if balance falls below required amount.
For Tiered Savings (formally Money Market) and Savings accounts, we may require the governing body of the organization opening the account to give us a separate authorization telling us who is authorized to act on its behalf. We will honor the authorization until we actually receive written notice of a change from the governing body of the organization. We may require separate documentation to open an organization account. If you close your account before dividends are paid, you will not receive the accrued dividends.
