
Rates subject to change.
Business Savings Account
A basic savings account is called a “share” account because you actually own a part of Community Choice Credit Union when you open an account. You may have multiple savings accounts for different purposes.
●Minimum balance to open $25.00
●Minimum balance to earn interest $500.00
●Rates of return paid monthly
●Unlimited transactions
Business Money Market
With a money market account means the more you save, the more you earn, without locking in your funds. Your savings earn more with a balance greater than $10,000.00.
● Tiered minimum balances and interest rates
● Check writing available
● 6 Free items per month*
● Unlimited number of deposits
Money Market Account Rates (rates as of 5/17/11)**
A dividend rate of: |
Average Daily Balance between: |
And the APY |
.55% |
$10,000.00 - $25,000.00 |
.55% |
.65% |
$25,000.01 - $50,000.00 |
.65% |
.75% |
$50,000.01 - $100,000.00 |
.75% |
.85% |
$100,000.01 - over |
.85% |
**Rates for current month are not declared until the last day of the month.
Business Certificate of Deposit
A share certificate is a specified amount of money deposited for a pre-determined length of time. It earns a higher
annual percentage rate and yield than a regular savings account.
● Minimum Balance to open $5,000.00
● Interest Compounding Daily
● Monthly interest crediting
● Chose terms from six months to five years
Rates as of 8/2/2011
Description |
Rate |
APY |
| 6 Month Certificate* | .60% |
.60% |
| 12 Month Certificate* | .80% |
.80% |
| 18 Month Certificate* | .90% |
.90% |
| 24 Month Certificate* | 1.40% |
1.41% |
| 36 Month Certificate* | 1.85% |
1.86% |
| 48 Month Certificate* | 2.05% |
2.07% |
| 60 Month Certificate* | 2.25% |
2.27% |
| Jumbo 6 Month Certificate** | .70% |
.70% |
| Jumbo 12 Month Certificate** | .95% |
.95% |
| Jumbo 24 Month Certificate** | 1.50% |
1.51% |
| Jumbo 36 Month Certificate** | 1.95% |
1.96% |
| Jumbo 48 Month Certificate** | 2.15% |
2.17% |
| Jumbo 60 Month Certificate** | 2.35% |
2.37% |
Rates subject to change
*$5,000 Minimum Deposit
**$90,000 Minimum Deposit
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