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Make The Most Of The Money You Make
Once your business starts making money, you have to decide what you’re going to do with it. Putting it back to work for you is a good place to start. Choose our Business Savings Account for a no-frills, no-fees way to save or get a better return with our Business Money Market and Certificate Accounts. Plus, we make managing your money easy: access your accounts 24/7 from almost any device with Grow Online and Mobile Banking, including in-app wire transfers and mobile check deposit.1,2
Business Savings Account
With just a $1 initial deposit and minimum balance, your Business Savings Account opens the door to membership with Grow. We designed this account to be a simple, cost-effective way to get started with banking for your business — with no hidden costs and no monthly maintenance fees.
Money Market Accounts
If you have a large sum of cash available and want to earn dividends, a Business Money Market Account is a great option. You’ll earn higher dividends on higher balances and still be able to get your hands on your cash when you need it. No minimum balance to open or earn dividends. Find our current rates.
Have cash that’s just sitting around and don’t need it for a while? You’ll earn our best rates with a Business Certificate Account.3 Choose the term from six months to five years, with longer terms earning higher dividends. Open an account with just $500. Check out our rates.
Want to use different savings accounts for different savings goals? With a minimum starting deposit of just $5, Club Accounts earn a higher dividend and APY compared to our Basic Savings. Rename your account to match your savings goal, and there’s no limit to how many you can open. Marketing Campaign Fund. Maintenance Budget. Travel Goals. You name it, you save it. Learn more about our rates.
Money Market Accounts Certificate Accounts Club Accounts Minimum balance No $500 $5 Monthly service fee No No No Quick access to your cash Yes No Yes Best for Keeping larger sums liquid and accessible while still earning better rates and dividends Earning our top rates on money you that don't need quick access to, with better rates for longer terms Organizing your savings toward custom goals while earning dividends
Open a Business Savings Account
When you’re ready to open an account, reach out to our Business Solutions team or stop by a Grow store near you.
Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: when you open an account we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.
Grow Savings Accounts are subject to ChexSystems® approval.
1Additional data charges may apply. Please see your wireless carrier for more information.
2Fees may apply for wire transfers.
3A penalty will be imposed for early withdrawal.
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