The High-Yield Business Account is a savings vehicle offering higher rates of return than other savings accounts. You can obtain higher dividend rates than traditional share and share draft accounts and are allowed unlimited transfers to and from this account within one member number.
Features:
- Higher dividend rate
- Minimum balance to earn interest is $1,000
- No transaction limit
- No checks
- Sweep In/Out/Both
- Not available to Business Choice Share Draft
Options:- Usable for Overdraft Option
High-Yield Business Accounts are great to use when you want higher rates of return coupled with fast liquidity. Unlike Term Share Certificates that have substantial penalties for early withdrawal, the Business High-Yield Account allows for penalty-free withdrawals and unlimited transfers within the same member number.
The minimum amount you must open this account with is $1000.00. This is also the minimum amount to earn dividends. For current rate information, please see our complete rate schedule.
Dividends are calculated on the actual daily balance, compounded and credited to the account monthly.
If the balance in the High-Yield Business Account falls below $1000.00 on any day, the account will not earn dividends for that day. To earn the disclosed APY, the member must maintain a balance of no less than $1000.00 each day of the dividend period. Dividends are not paid on Business High-Yield Accounts that are closed before the end of the dividend period.
The funds in the High-Yield Business Account are insured under the $250,000.00 per member federal insurance coverage provided by the NCUSIF.
| Savings Rates |
| Account Type |
APY* |
RATE |
| Share Savings Account |
.50% |
.499% |
| Share Draft Account |
.15% |
.150% |
| HSA Account < $500 |
.25% |
.25% |
| HSA Account $500 - $2,499 |
.75% |
.748% |
| HSA Account $2,500 - $4,999 |
1.25% |
1.243% |
| HSA Account $5,000 - $14,999 |
1.75% |
1.737% |
| HSA Account $15,000 & Up |
2.50% |
2.472% |
| Other Accounts (Holiday, Vacation, Fuel & Tax) |
.50% |
.499% |
| Money Market Share Accounts - $1,000 - $19,999** |
0.75% |
0.747% |
| Money Market Share Accounts - $20,000 & $34,999 |
1.00% |
0.995% |
| Money Market Share Accounts - $35,000 & Above |
1.25% |
1.243% |
For more information,
contact Karen Garrow at 802.776.2124, Amanda Gearwar at 802.776.2133 or
Janet Hazelton at 802.776.2116.
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