Business Savings
Commercial Savings Designed for YouFour ways to save for your business goals
We offer businesses four ways to save cash for future goals, whether that means expansion, new equipment or even S-Corp profits. Our Business Savings account has no monthly fees and pays competitive dividend rates. With a Business Secondary Savings account you can manage different savings goals separately, while enjoying the same rates. Both accounts offer convenient online banking and remote deposits.
For even better dividend rates and the same easy access to funds, consider a Business Money Market. Or if you don’t need immediate access to your funds, earn even more on long-term savings with Service Credit Union certificates.
Ready to apply? To get started, use our easy online application portal. Have questions before applying? Call us at 800.296.4644 or email us at BusinessServices@servicecu.org
If you’d prefer to apply in person, you can download our business application here. Then print it out and bring it to your local branch with your required business account documents.
Business Savings
Earn dividends with no monthly fees. We offer competitive dividend rates and economical ways for your business to save. Enjoy tiered savings rates, online banking and remote deposits, saving your business time and money.
Business Money Market
With our Money Market, you can earn a higher dividend rate while making sure that funds are accessible when you need them.
Business Certificates
For your long-term savings needs, Service Credit Union certificates are a relatively safe way to earn higher dividends with a locked in term.
5.25% APY** High-Yield Share Certificate is available for a limited time when you put new money into a share certificate. Don’t miss your opportunity for your business to save at this amazing rate. Contact us today at BusinessServices@servicecu.org to learn more.
Business Secondary Savings
Our Business Secondary Savings account gives you another place to save. You can customize the name of each account to help better organize your business’ finances, all while earning the same dividends and enjoying the same features offered by our Business Savings account.
IOLTA
Interest on Lawyer’s Trust Accounts (IOLTAs) are offered to attorneys and firms managing client fund trust accounts. Service Credit Union is recognized by the NH Bar Foundation as a Leadership Level partner for these accounts which exceed the institution’s standard account rate and waive routine service charges. The dividends earned on these accounts are remitted to the New Hampshire Bar Foundation on a monthly basis. These earnings help provide free or low-cost legal services to vulnerable NH citizens, demonstrating a true commitment to community-based banking.
Business Savings Rates
MINIMUM DAILY BALANCE TO OBTAIN APY | TERM | DIVIDEND RATE | ANNUAL PERCENTAGE YIELD | |
---|---|---|---|---|
$50.00 | MO | 0.250% | 0.25% | Call 800.296.4644 to get started. |
Rates shown are Annual Percentage Yield (APY), accurate as of 05/01/23 and subject to change without notice.
Business Money Market Rates
MINIMUM DAILY BALANCE TO OBTAIN APY | TERM | DIVIDEND RATE | ANNUAL PERCENTAGE YIELD | |
---|---|---|---|---|
$2,500.00 | MO | 0.549% | 0.55% | Call 800.296.4644 to get started. |
$25,000.00 | MO | 0.698% | 0.70% | Call 800.296.4644 to get started. |
$100,000.00 | MO | 1.687% | 1.70% | Call 800.296.4644 to get started. |
Rates shown are Annual Percentage Yield (APY), accurate as of 05/01/23 and subject to change without notice.
Business Share Certificate Rates
MINIMUM DAILY BALANCE TO OBTAIN APY | TERM | DIVIDEND RATE | ANNUAL PERCENTAGE YIELD | |
---|---|---|---|---|
$500.00 | 3 Months | 0.797% | 0.80% | Call 800.296.4644 to get started. |
$500.00 | 6 Months | 2.960% | 3.00% | Call 800.296.4644 to get started. |
$25,000.00** | 6 Months | 4.121% | 4.20%** | Call 800.296.4644 to get started. |
$500.00 | 9 Months | 3.105% | 3.15% | Call 800.296.4644 to get started. |
$500.00 | 12 Months | 4.410% | 4.50% | Call 800.296.4644 to get started. |
$500.00 | 15 Months | 4.985% | 5.10% | Call 800.296.4644 to get started. |
$500.00 | 18 Months | 4.362% | 4.45% | Call 800.296.4644 to get started. |
$25,000.00** | 18 Months | 5.128% | 5.25%** | Call 800.296.4644 to get started. |
$500.00 | 24 Months | 4.410% | 4.50% | Call 800.296.4644 to get started. |
$500.00 | 36 Months | 3.300% | 3.35% | Call 800.296.4644 to get started. |
$500.00 | 48 Months | 3.397% | 3.45% | Call 800.296.4644 to get started. |
$500.00 | 60 Months | 3.445% | 3.50% | Call 800.296.4644 to get started. |
Rate shown is Annual Percentage Yield (APY), accurate as of 07/28/23, and subject to change without notice. Penalty for early withdrawal. The APY is based on the assumption that dividends will remain on deposit until maturity and that a withdrawal or fee will reduce earnings. Certificates are fixed-rate accounts and will remain in effect until maturity. The dividend rate and APY may change on the 1st and 16th of every month, as determined by the Board of Directors.
**Rates shown is Annual Percentage Yield (APY), accurate as of 08/16/23, and subject to change without notice. Minimum deposit of $25,000.00 in new money required. New money is defined as funds that are not from any account held with Service Federal Credit Union; transfers between Service CU accounts or its affiliates will not qualify. Penalty for early withdrawal. The APY is based on the assumption that dividends will remain on deposit until maturity and that a withdrawal or fee will reduce earnings. Certificates are fixed-rate accounts and will remain in effect until maturity. Dividend rates and APYs are subject to change on the 1st and 16th of every month, as determined by the Board of Directors. If certificate is set to automatically renew on maturity, it will renew at the rate offered for the standard $500 minimum balance certificate 6 month or 18 month terms. Must be a member of Service CU or eligible for membership with at least $5 in a Primary Savings Account. Offer subject to change or be discontinued without notice.
Business Secondary Savings Rates
MINIMUM DAILY BALANCE TO OBTAIN APY | TERM | DIVIDEND RATE | ANNUAL PERCENTAGE YIELD | |
---|---|---|---|---|
$50.00 | MO | 0.250% | 0.25% | Call 800.296.4644 to get started. |
Rates shown are Annual Percentage Yield (APY), accurate as 05/01/23 and subject to change without notice.
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