Business Banking Services

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BUSINESS CHECKING ACCOUNTS

Business Rates as of February 22, 2024
ProgramMinimum Balance RequirementMinimum Deposit to OpenMinimum Balance to Earn DividendsAPY 1APR
Business Elite Checking$25,000 2$100$.010.01%0.010%
Business Performance Checking$5,000 3$100$.010.01%0.010%
Business Express Checking$1,500 4$100Does not earn dividendsn/an/a
Community Checkingn/a$100Does not earn dividendsn/an/a

Last Dividend Declaration Date: November 29, 2023. The dividend rates and annual percentage yields are accurate as of the last dividend declaration date. If you require current rate information, please contact us. Dividends are paid on the last day of the month to accountholders who have maintained the Minimum Balance to Earn Dividends as provided by Program type and compound monthly.


1

APY= Annual Percentage Yield. Fees could reduce earnings on the account. Rates are subject to change without notice. The rate may change after the account is opened and without notice. The APY is accurate as of the last dividend declaration date.

2

If balance falls below the $25,000 minimum average daily balance requirement, there is a $50.00 fee per month. Waived if Merchant Services are deposited into the account.

3

If balance falls below the $5,000 minimum average daily balance requirement, there is a $15.00 fee per month. Waived if Merchant Services are deposited into the account.

4

If balance falls below the $1,500 minimum average daily balance requirement, there is a $10.00 fee per month. Waived if Merchant Services are deposited into the account.

BUSINESS SAVINGS ACCOUNTS

Business Rates as of February 22, 2024
ProgramMinimum Balance to OpenMinimum Balance to Earn DividendsAPY 1APR
Primary Savings$5$50.01%0.010%

Last Dividend Declaration Date: November 29, 2023. The dividend rates and annual percentage yields are accurate as of the last dividend declaration date. If you require current rate information, please contact us. Dividends are paid on the last day of the month to accountholders who have maintained the Minimum Balance to Earn Dividends as provided by Program type and compound monthly.


1

APY= Annual Percentage Yield. Fees could reduce earnings on the account. Rates are subject to change without notice. The rate may change after the account is opened. The APY is accurate as of the last dividend declaration date.

BUSINESS MONEY MARKET ACCOUNT

Business Rates as of February 22, 2024
Minimum Balance to OpenMinimum Balance to Earn DividendsAPY 1APR
$5,000$5,0000.05%0.050%
$5,000$25,0000.10%0.100%
$5,000$50,0000.20%0.199%
$5,000$100,0000.30%0.299%
$5,000$250,0000.40%0.399%

Last Dividend Declaration Date: November 29, 2023. The dividend rates and annual percentage yields are accurate as of the last dividend declaration date. If you require current rate information, please contact us. Dividends are paid on the last day of the month to accountholders who have maintained the Minimum Balance to Earn Dividends as provided by Program type and compound monthly.


1

APY= Annual Percentage Yield. Fees could reduce earnings on the account. Rates are subject to change without notice. The rate may change after the account is opened. The APY is accurate as of the last dividend declaration date.

BUSINESS SHARE CERTIFICATE (CD)

Business Rates as of February 22, 2024
TermMinimum Balance to Open and Earn DividendsAPY 1APREarly Withdrawal Penalty 2
6 Months$1,0002.00%1.982%90 Days' Dividends
12 Months$1,0004.00%3.929%90 Days' Dividends
24 Months$1,0003.75%3.687%180 Days' Dividends
36 Months$1,0003.75%3.687%270 Days' Dividends
48 Months$1,0003.50%3.445%270 Days' Dividends
60 Months$1,0003.50%3.445%270 Days' Dividends

Last Dividend Declaration Date: November 29, 2023.The dividend rates and annual percentage yields are accurate as of the last dividend declaration date. If you require current rate information, please contact us. Dividends are paid on the last day of the month to accountholders who have maintained the Minimum Balance to Earn Dividends as provided by Program type and compound monthly.


1

APY= Annual Percentage Yield. Fees could reduce earnings on the account. Rates are subject to change without notice. The rate may change after the account is opened. The APY is accurate as of the last dividend declaration date.

2

We may impose a penalty if you withdraw funds from your account before the maturity date. Maintenance or activity fees could reduce earnings on the account.

BUSINESS SHARE CERTIFICATE PLUS (CD)

Business Rates as of February 22, 2024
TermMinimum Balance to Open and Earn DividendsAPY 1APREarly Withdrawal Penalty 2
6 Months$10,0002.00%1.982%90 Days' Dividends
12 Months$10,0004.00%3.929%90 Days' Dividends
24 Months$10,0003.75%3.687%180 Days' Dividends
36 Months$10,0003.75%3.687%270 Days' Dividends
48 Months$10,0003.50%3.445%270 Days' Dividends
60 Months$10,0003.00%2.959%270 Days' Dividends

Last Dividend Declaration Date: November 29, 2023. The dividend rates and annual percentage yields are accurate as of the last dividend declaration date. If you require current rate information, please contact us. Dividends are paid on the last day of the month to accountholders who have maintained the Minimum Balance to Earn Dividends as provided by Program type and compound monthly.


1

APY= Annual Percentage Yield. Fees could reduce earnings on the account. Rates are subject to change without notice. The rate may change after the account is opened. The APY is accurate as of the last dividend declaration date.

2

We may impose a penalty if you withdraw funds from your account before the maturity date. Maintenance or activity fees could reduce earnings on the account.

Credit Union 1 is celebrating 65 years of helping individuals, families and communities reach their financial goals.
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