Share and Certificate Rates Effective: 03/11/20

Business Checking Accounts*



Simply Free Business Checking
Minimum BalanceDividend RateAnnual Percentage Yield
$0.00 0.00% 0.00%

Business Interest Checking**
Minimum BalanceDividend RateAnnual Percentage Yield
$0.00 0.10% 0.10%

Commercial Checking
Minimum BalanceDividend RateAnnual Percentage Yield
*Minimum Balance to Open: $50.00. **$10 fee assessed monthly if balance falls under $5,000

Business Savings Accounts

Share Savings***
Minimum BalanceDividend RateAnnual Percentage Yield
$0.00 - $2,499.99 0.05% 0.05%
$2,500+ 0.05% 0.05%

Business Money Market Accounts

Money Market Accounts****
Minimum BalanceDividend RateAnnual Percentage Yield
$0.00 - $2,499.99 0.00% 0.00%
$2,500.00 - $24,999.99 0.30% 0.30%
$25,000.00 - $99,999.99 0.35% 0.35%
$100,000.00+ 0.40% 0.40%

Business Certificate Rates

Business Certificates
Minimum BalanceDividend RateAnnual Percentage YieldTerm
$2,500.00 0.35% 0.35% 3 Months
$2,500.00 1.09% 1.10% 6 Months
$1,000.00 1.59% 1.60% 12 Months
$500.00 1.59% 1.60% 18 - 23 Months Add-On
$2,500.00 1.64% 1.65% 24 - 35 Months
$2,500.00 1.69% 1.70% 36 - 47 Months
$2,500.00 1.74% 1.75% 48 - 59 Months
$2,500.00 1.79% 1.80% 60 Months
$2,500.00 1.79% 1.80% 72 Months
$2,500.00 1.79% 1.80% 84 Months

 

The Annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the Dividend Rate and frequency of compounding for an annual period. The Dividend Rate and Annual Percentage Yield may change monthly as determined by the Credit Union’s Board of Directors. For all share accounts, dividends will be compounded and credited to your account monthly. A penalty may be imposed for for early withdrawal on certificate accounts. Fees could reduce earnings on an account. The most recently declared Rate and Fee Schedule, Annual Percentage Yield and information may be obtained by visiting a branch, by calling 240-436-4000 or toll free at 1-855-436-4100, or by going to our website.

***No more than six transactions per month may be made by various "convenient" methods, which includes automatic transactions such as automated clearing house transfers, online or mobile transfers, or electronic bill payment .

****No more than six transactions per month may be made by various "convenient" methods, which includes automatic transactions such as automated clearing house transfers, online or mobile transfers, or electronic bill payment .  After six withdrawals or transfers from a money market account, fees may apply.

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