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 4/9/2014)**

A dividend rate of:

Average Daily Balance between:

And the APY

.20%

$10,000.00 - $25,000.00

.20%

.30%

$25,000.01 - $50,000.00

.30%

.40%

$50,000.01 - $100,000.00

.40%

.50%

$100,000.01 - over

.50%

**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 4/9/2014

Description

Rate

APY

6 Month Certificate*
.25%
.25%
12 Month Certificate*
.45%
.45%
18 Month Certificate*
.60%
.60%
24 Month Certificate*
.65%
.65%
36 Month Certificate*
1.00%
1.00%
48 Month Certificate*
1.10%
1.10%
60 Month Certificate*
1.30%
1.31%
Jumbo 6 Month Certificate**
.35%
.35%
Jumbo 12 Month Certificate**
.55%
.55%
Jumbo 24 Month Certificate**
.75%
.75%
Jumbo 36 Month Certificate**
1.10%
1.10%
Jumbo 48 Month Certificate**
1.20%
1.21%
Jumbo 60 Month Certificate**
1.40%
1.41%

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