Grow Financial Federal Credit Union

Business Savings

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.

Certificate Accounts

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 AccountsMinimum DepositDividend RateAnnual Percentage Yield (APY)
Business Savings$5.000.10%0.10%¹
Money Market AccountsMinimum DepositDividend RateAnnual Percentage Yield (APY)
Balance less than $1,000$0.000.00%0.00%2
Balance of $1,000 to $9,999.99$0.000.30%0.30%2
Balance of $10,000 to $24,999.99$0.000.35%0.35%2
Balance of $25,000 to $49,999.99$0.000.55%0.55%2
Balance of $50,000 to $99,999.99$0.000.65%0.65%2
Balance over $100,000$0.000.80%0.80%2
Certificate AccountsAnnual Percentage Yield (APY) $500 - $99,999.99Annual Percentage Yield (APY) $100,000+
6 - 11 months1.10%31.20%3
12 - 17 months1.60%31.70%3
18 - 23 months2.00%32.10%3
24 - 29 months2.10%32.20%3
30 - 35 months2.20%32.30%3
36 - 47 months2.30%32.40%3
48 - 59 months2.40%32.50%3
60 months3.00%33.10%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 2/1/2018 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.