Business Deposit Rates
|
Account Type |
Dividend Rate |
APY* |
Min. to Open |
Compounded/Credited |
Min. to Earn APY* |
|---|---|---|---|---|---|
|
Current APY as of 10/14/2024. Rates are subject to change at any time and are not guaranteed. For additional information on your account please refer to the Business Fee Schedule. ^APY = Annual Percentage Yield. Qualified accounts earn up to 4.00% APY on balances up to $7,500 and 0.05% APY on balances over $7,500. Non-Qualified account balances earn 0.05% APY. Qualified accounts must have 10 or more posted Debit Card transactions (excluding ATM transactions) per month and eStatements. Failure to meet any one of these requirements during a calendar month will cause the account to default to the Non-Qualified account rate of 0.05% APY. APY as of 11/27/2024 and is subject to change. Dividends compounded monthly. No minimum balance to open. Fees may reduce earnings. This offer can be withdrawn at any time. |
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|
Account Type Advantage Business Checking |
Dividend Rate n/a |
APY* n/a |
Min. to Open None |
Compounded/Credited n/a |
Min. to Earn APY* n/a |
|
Account Type Non-Profit Business Checking |
Dividend Rate 0.05% |
APY* 0.05% |
Min. to Open None |
Compounded/Credited Quarterly/Quarterly |
Min. to Earn APY* $1,000 |
|
Account Type Premier Business Checking |
Dividend Rate 0.05% |
APY* 0.05% |
Min. to Open None |
Compounded/Credited Quarterly/Quarterly |
Min. to Earn APY* $2,500 |
|
Account Type High-Yield Business Checking |
Dividend Rate up to 3.928%^ |
APY* up to 4.00%^ |
Min. to Open None |
Compounded/Credited Monthly |
Min. to Earn APY* n/a |
|
Account Type |
Dividend Rate |
APY* |
Min. to Open |
Compounded/Credited |
Min. to Earn APY* |
|---|---|---|---|---|---|
|
Current APY as of 11/27/2024. Rates are subject to change at any time and are not guaranteed. For additional information on your account please refer to the Business Fee Schedule. |
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|
Account Type Regular Savings |
Dividend Rate 0.05% |
APY* 0.05% |
Min. to Open $5 |
Compounded/Credited Quarterly/Quarterly |
Min. to Earn APY* $100 |
|
Average Daily Balance** |
Dividend Rate |
Annual Percentage Yield (APY) |
|---|---|---|
|
*APY = Annual Percentage Yield. ** Average Daily Balance required to earn dividends. The Money Market Account tier dividend rates and APY as of 11/27/2024 are subject to change daily. Dividends compounded monthly. Fees may reduce earnings. If you have any questions or require current rate information please call the credit union at 757-886-3333. |
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|
Average Daily Balance** $0 – $24,999.99 |
Dividend Rate 0.00% |
Annual Percentage Yield (APY) 0.00% |
|
Average Daily Balance** $25,000.00 – $49,999.99 |
Dividend Rate 1.193% |
Annual Percentage Yield (APY) 1.20% |
|
Average Daily Balance** $50,000.00 – $74,999.99 |
Dividend Rate 1.292% |
Annual Percentage Yield (APY) 1.30% |
|
Average Daily Balance** $75,000.00 – $99,999.99 |
Dividend Rate 1.292% |
Annual Percentage Yield (APY) 1.30% |
|
Average Daily Balance** $100,000.00 – $249,999.99 |
Dividend Rate 2.472% |
Annual Percentage Yield (APY) 2.50% |
|
Average Daily Balance** $250,000 – $499,999.99 |
Dividend Rate 3.251% |
Annual Percentage Yield (APY) 3.30% |
|
Average Daily Balance** $500,000 – $999,999.99 |
Dividend Rate 3.445% |
Annual Percentage Yield (APY) 3.50% |
|
Average Daily Balance** $1,000,000 and up |
Dividend Rate 3.928% |
Annual Percentage Yield (APY) 4.00% |
|
Average Daily Balance** |
Dividend Rate |
Annual Percentage Yield (APY) |
|---|---|---|
|
*APY = Annual Percentage Yield. ** Average Daily Balance required to earn dividends. The Money Market Account tier dividend rates and APY as of 11/27/2024 are subject to change daily. Dividends compounded monthly. Fees may reduce earnings. If you have any questions or require current rate information please call the credit union at 757-877-2444. |
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|
Average Daily Balance** $1,000.00 – $2,499.99 |
Dividend Rate 0.00% |
Annual Percentage Yield (APY) 0.00% |
|
Average Daily Balance** $2,500.00 – $9,999.99 |
Dividend Rate 0.50% |
Annual Percentage Yield (APY) 0.50% |
|
Average Daily Balance** $10,000.00 – $24,999.99 |
Dividend Rate 0.648% |
Annual Percentage Yield (APY) 0.65% |
|
Average Daily Balance** $25,000.00 – $49,999.99 |
Dividend Rate 0.648% |
Annual Percentage Yield (APY) 0.65% |
|
Average Daily Balance** $49,999.99 – $74,999.99 |
Dividend Rate 0.648% |
Annual Percentage Yield (APY) 0.65% |
|
Average Daily Balance** $75,000.00 – $99,999.99 |
Dividend Rate 0.747% |
Annual Percentage Yield (APY) 0.75% |
|
Average Daily Balance** $100,000 – $249,999.99 |
Dividend Rate 0.747% |
Annual Percentage Yield (APY) 0.75% |
|
Average Daily Balance** $250,000 – $499,999.99 |
Dividend Rate 0.995% |
Annual Percentage Yield (APY) 1.00% |
|
Average Daily Balance** $500,000 – $999,999.99 |
Dividend Rate 1.094% |
Annual Percentage Yield (APY) 1.10% |
|
Average Daily Balance** $1,000,000 and up |
Dividend Rate 1.440% |
Annual Percentage Yield (APY) 1.45% |
|
Share Certificate |
Dividend Rate |
Annual Percentage Yield (APY) |
|---|---|---|
|
*Member has option to bump up rate one (1) time during term. Dividends calculated on average daily balance and compounded quarterly. The rates listed are accurate and effective as of 11/27/2024. Rates & terms are subject to change without notification. A penalty and/or account closure will be imposed for withdrawals before maturity. For additional information on your account please refer to the Business Fee Schedule. ***To qualify for 8-month certificate rate of 4.00% APY, member must have direct deposit to any 1st Advantage checking account. If no direct deposit, rate is 3.50% APY. Additional offers may not be combined. |
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|
Share Certificate 6 Month |
Dividend Rate 1.195% |
Annual Percentage Yield (APY) 1.20% |
|
Share Certificate 8 Month*** |
Dividend Rate 3.941% |
Annual Percentage Yield (APY) 4.00% |
|
Share Certificate 11 Month |
Dividend Rate 2.966% |
Annual Percentage Yield (APY) 3.00% |
|
Share Certificate 12 Month |
Dividend Rate 0.996% |
Annual Percentage Yield (APY) 1.00% |
|
Share Certificate 24 Month |
Dividend Rate 2.722% |
Annual Percentage Yield (APY) 2.75% |
|
Share Certificate 36 Month |
Dividend Rate 2.722% |
Annual Percentage Yield (APY) 2.75% |
|
Share Certificate 40 Month* |
Dividend Rate 1.990% |
Annual Percentage Yield (APY) 2.00% |
|
Share Certificate 48 Month |
Dividend Rate 2.722% |
Annual Percentage Yield (APY) 2.75% |
|
Share Certificate 55 Month |
Dividend Rate 2.722% |
Annual Percentage Yield (APY) 2.75% |
|
Share Certificate 60 Month |
Dividend Rate 2.722% |
Annual Percentage Yield (APY) 2.75% |