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
