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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 is a good place to start. A Business Savings Account gives you the freedom of having cash on hand, and an account that fits your goals and cash flow. Choose our Basic Savings Account for Business, or get a better return with our Business Money Market and Certificate Accounts. No matter which you choose, you’ll pay no monthly maintenance fees while earning dividends that can fatten your bottom line.
Money Market Accounts
If you have more cash to set aside, you can earn a higher dividend with our Business Money Market Accounts, and still be able to get your hands on your cash if you need it.
Have cash that’s just sitting around? You’ll earn our best rates with a Business Certificate Account. You choose the term from six months to five years, with longer terms earning higher dividends. And you can open an account with just $500.
Business Saving Accounts Minimum Deposit Dividend Rate Annual Percentage Yield (APY) Business Savings $5.00 0.10% 0.10%¹ Money Market Accounts Minimum Deposit Dividend Rate Annual Percentage Yield (APY) Balance less than $1,000 $0.00 0.00% 0.00%2 Balance of $1,000 to $9,999.99 $0.00 0.30% 0.30%2 Balance of $10,000 to $24,999.99 $0.00 0.35% 0.35%2 Balance of $25,000 to $49,999.99 $0.00 0.55% 0.55%2 Balance of $50,000 to $99,999.99 $0.00 0.85% 0.85%2 Balance over $100,000 $0.00 1.00% 1.00%2 Certificate Accounts Annual Percentage Yield (APY) $500 - $99,999.99 Annual Percentage Yield (APY) $100,000+ 6 - 11 months 1.10%3 1.20%3 12 - 17 months 1.60%3 1.70%3 18 - 23 months 2.00%3 2.10%3 24 - 29 months 2.10%3 2.20%3 30 - 35 months 2.20%3 2.30%3 36 - 47 months 2.30%3 2.40%3 48 - 59 months 2.40%3 2.50%3 60 months 3.00%3 3.10%3
1The APY quoted is effective as of 7/1/2009 and is subject to change. The APY may change after the account is opened. This is a variable rate account. Fees could reduce earnings. Minimum opening deposit of $5.00.
2The APY quoted is effective as of 2/1/2019 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 9/1/2018 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.
Open a Business Savings Account
Pick the account that’s right for your business, then visit one of our stores.
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.
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
Nobody likes paying bills. We get it. That’s why at Grow, we make it as painless as possible to pay your loan every month. You can even choose how to do it.
Pay From Another Credit Union or Bank
You have two ways to pay by transferring funds online from another institution.
- Debit Card or ACH
We accept both Mastercard® and Visa® debit cards and ACH. With debit cards you’ll also pay a convenience fee of $4.95. To make a loan payment other than your mortgage or Grow Visa® credit card, click the button below.
- Grow Online Banking
You can make one-time payments or set up automatic recurring payments in your Grow Online Banking account. Simply select “Transfer/Payments” from the menu. And if you’re not enrolled in Grow Online Banking, you can set up your account in just a few minutes.
Pay by Mail
You can also pay your loan by check through the mail. Please remember to include your account number and Grow loan number on the check.
Send auto, credit card and personal loan payments to:
Grow Financial Federal Credit Union
P.O. Box 10006
Irmo, SC 29063-5006
Send home loan and home equity payments to:
Grow Financial Federal Credit Union
P.O. Box 11733
Newark, NJ 07101-4733