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Rates & Fees
Helping Businesses Grow is What We Do
Let’s get you where you want to grow, with the right rates on savings or checking accounts or our Grow Visa® Business Rewards Credit Card.
To make sure your money stays where it belongs, we also make it easy for you to understand what fees you may be charged and how to avoid them. View the Business Fee Schedule.
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Savings Accounts Minimum Deposit Dividend Rate Annual Percentage Yield (APY) Business Savings Account $1.00 0.10% 0.10%1 Club Account $5.00 0.10% 0.10%1 Money Market Accounts Dividend Rate Annual Percentage Yield (APY) Balance less than $25,000 1.10% 1.11%2 Balance of $25,000 to $49,999.99 1.30% 1.31%2 Balance of $50,000 to $99,999.99 1.40% 1.41%2 Balance of $100,000 to $249,999.99 1.85% 1.87%2 Balance of $250,000 to $499,999.99 2.10% 2.12%2 Balance of $500,000 and more 2.35% 2.38%2 Certificate Accounts Dividend Rate $500 - $99,999.99 Annual Percentage Yield (APY) $500 - $99,999.99 Dividend Rate $100,000+ Annual Percentage Yield (APY) $100,000+ 6 - 11 months 3.50% 3.56%3 3.60% 3.66%3 12 - 17 months 4.50% 4.59%3 4.60% 4.70%3 18 - 23 months 4.25% 4.33%3 4.35% 4.44%3 24 - 29 months 4.25% 4.33%3 4.35% 4.44%3 30 - 35 months 3.85% 3.92%3 3.95% 4.02%3 36 - 47 months 3.95% 4.02%3 4.05% 4.13%3 48 - 59 months 3.95% 4.02%3 4.05% 4.13%3 60 months 4.00% 4.07%3 4.10% 4.18%3
1The APY quoted is effective as of 10/01/2022 and is subject to change. The APY may change after the account is opened. This is a variable rate account. Fees could reduce earnings.
2The APY quoted is effective as of 06/01/2023 and is subject to change. The APY may change after the account is opened. This is a tiered variable rate account. Fees could reduce earnings.
3The APY quoted is effective as of 09/08/2023 and is subject to change. The APY may change after the account is opened. Fees could reduce earnings. A penalty may be imposed for early withdrawals. If the Account is opened with $100,000 or more, you must maintain a daily balance of $100,000 in your Account each day to obtain the disclosed APY. If the Account is opened with less than $100,000, you must maintain a minimum daily balance of $500.00 in your Account each day to obtain the disclosed APY. If your Account falls below the minimum balance requirements, your Account will be closed.
Business Checking Accounts Minimum Deposit Dividend Rate Annual Percentage Yield (APY) Grow Business Checking $0.00 0.00% 0.00% High Yield Business Checking $0.00 Balance less than $10,000 0.00% 0.00%1 Balance of $10,000 to $24,999.99 0.15% 0.15%1 Balance of $25,000 to $49,999.99 0.30% 0.30%1 Balance of $50,000 and more 0.40% 0.40%1
1The APY quote is effective as of 10/01/2015 and is subject to change. The APY may change after the account is opened. This is a tiered variable rate account. Fees could reduce earnings on the account. If the minimum daily balance falls below $10,000, a $15 monthly service fee will be charged.
Annual Percentage Rate (APR) Business Rewards Introductory rate as low as 1.99% to 8.99% APR. The introductory rate is effective for the first six billing cycles for qualifying members on purchases and balance transfers. The introductory rate the business owner receives will be based on their creditworthiness and other factors. After the introductory period expires, your APR will range between 15.49% to 17.99%* for purchases and balance transfers. Business Rewards Secured Annual Percentage Rate as low as 13.40%* for purchases and balance transfers.
*Annual Percentage Rate (APR). Rates are variable and will vary with the market based on Prime Rate as published in the Wall Street Journal “Money Rates” table on the last day of each calendar month. If the minimum monthly payment is 60 days late twice in a twelve month period, the rate will revert to a default rate of 18.00% for six (6) billing cycles. Other APRs: Cash Advances 18.00%, Overdraft to Share Account 18.00%. A finance charge of 1.00% will be charged on foreign transactions. The rate the business owner receives will be based on their creditworthiness and other factors. Rates are effective as of 08/16/2023 and could change without notice.
Grow Savings Accounts are subject to ChexSystems® approval.
How to Find Your Routing & Account Numbers
When you make a payment online, by phone or on a mobile device, you may be asked for our routing number and your checking account number. Credit unions and banks use these numbers to identify accounts and make sure money gets where it’s supposed to be. You’ll also need to provide your routing and checking account numbers for:
- Direct deposits
- Electronic checks
- Military allotments
- Wire transfers
Where to Find Your Routing & Checking Account Numbers
Your personal checks include both our routing number and your account number, as shown on the Grow check example below.
Don’t have a Grow check? No worries.
Visit any Grow store and ask for a Direct Deposit Form. It lists both your routing number and checking account number.
Making a Loan Payment
When it comes to making payments, we try to make it as painless as possible to pay your loan every month. We have several different ways to pay, including convenient online options.
You have two ways to pay online by transferring funds from another bank or credit union.
- Grow Online Banking (Preferred payment method for any loan)
This is the simplest way to pay your loan. You can make one-time payments or set up automatic recurring payments in Grow Online Banking. Once you log in, select “Transfer/Payments” from the menu. If you’re not enrolled in Grow Online Banking yet, you can set up your account in just a few minutes.
- Debit Card or ACH (Available for auto, personal loans and HELOCs)
Note: ACH and debit card payments are not available for credit cards or most mortgages, except HELOCs.
We accept ACH payments with no additional fees or Mastercard® and Visa® debit cards with a convenience fee of $4.95. To get started with an online ACH or debit card payment, select Pay Now below.
Pay by Mail
You can also pay any Grow loan by check through the mail. Please remember to include your account number and Grow loan number on the check. (For credit card payments, please do not write your 16-digit credit card number on the check, which can cause a delay in processing the payment.)
Address for auto, credit card, personal loan and HELOC payments:
Grow Financial Federal Credit Union
P.O. Box 75466
Chicago, IL 60675-5466
Address for personal first or second mortgages and home equity payments:
Grow Financial Federal Credit Union
P.O. Box 11733
Newark, NJ 07101-4733