Business Deposits

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 April 20th, 2010)**

A dividend rate of:

Average Daily Balance between:

And the APY

.90%

$10,000.00 - $25,000.00

.90%

1.00%

$25,000.01 - $50,000.00

1.01%

1.25%

$50,000.01 - $100,000.00

1.26%

1.50%

$100,000.01 - over

1.51%

**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 03/19/2010

Description

Rate

APY

6 Month Certificate*
1.20%
1.21%
12 Month Certificate*
1.45%
1.46%
18 Month Certificate*
1.65%
1.66%
24 Month Certificate*
2.15%
2.17%
36 Month Certificate*
2.40%
2.42%
48 Month Certificate*
2.65%
2.68%
60 Month Certificate*
2.90%
2.93%
6 Month IRA Certificate*
1.20%
1.21%
12 Month IRA Certificate*
1.45%
1.46%
24 Month IRA Certificate*
2.15%
2.17%
36 Month IRA Certificate*
2.40%
2.42%
48 Month IRA Certificate*
2.65%
2.68%
60 Month IRA Certificate*
2.90%
2.93%
Jumbo 6 Month Certificate**
1.30%
1.31%
Jumbo 12 Month Certificate**
1.55%
1.56%
Jumbo 24 Month Certificate**
2.25%
2.27%
Jumbo 36 Month Certificate**
2.50%
2.52%
Jumbo 48 Month Certificate**
2.75%
2.78%
Jumbo 60 Month Certificate**
3.00%
3.03%

 

Rates subject to change
*$5,000 Minimum Deposit
**$90,000 Minimum Deposit

 

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