Business Savings Account
Tech CU offers the following business deposit accounts:
With no required minimum balance, no minimum balance fee and no monthly service fee, Tech CU's business savings account is an essential cost-effective tool for your business.
| Business Savings Account |
| Balance |
Dividend Rate |
Annual Percentage Yield |
| $25 to $2500 |
0.150 % |
0.150% |
| $2500.01 and above |
0.150 % |
0.150% |
| Requires a $25 initial deposit to open. First 25 transactions free. Excess fee over 25 transaction $2.00 for both debits and credits. | |
If you're looking for a higher rate of return, a Tech CU Business Certificate is a great way to get the most for your money.
Dividends earned on a Tech CU Certificate can be deposited into a Tech CU Business Savings or Checking Account, or reinvested into the certificate upon maturity.
You also have the option to have your earned dividends deposited into your Tech CU Savings or Checking account on a monthly basis (available on certificates with a term of 6 months or longer).
6-Month Special Certificate Offer*
| 6-Month Special Certificate |
Certificates
($1,000 or more) |
Jumbo Certificates
($95,000 or more) |
| Term |
Dividend Rate |
Annual Percentage Yield* |
Dividend Rate |
Annual Percentage Yield* |
181-270 days
(6 months) |
2.980% |
3.000% |
|
|
8-Month Special Certificate Offer*
| 8-Month Special Certificate |
Certificates
($1,000 or more) |
Jumbo Certificates
($95,000 or more) |
| Term |
Dividend Rate |
Annual Percentage Yield* |
Dividend Rate |
Annual Percentage Yield* |
242 days
(8 months) |
3.580% |
3.600% |
|
|
4-year/5-year Special Certificate Offer*
| 4-year/5-year Special Certificate |
Certificates
($1,000 or more) |
Jumbo Certificates
($95,000 or more) |
| Term |
Dividend Rate |
Annual Percentage Yield* |
Dividend Rate |
Annual Percentage Yield* |
1460/1825 days
(4-years/5-years) |
3.940% |
4.000% |
|
|
| |
Certificates
($1,000 or more) |
Jumbo Certificates
($95,000 or more) |
| Term |
Dividend Rate |
Annual Percentage Yield |
Dividend Rate |
Annual Percentage Yield |
| 14 - 29 days |
N/A |
N/A |
|
|
| 30 - 59 days |
N/A |
N/A |
|
|
| 60-89 days |
N/A |
N/A |
|
|
| 90 - 180 days (3 months) |
|
|
|
|
| 181 - 270 days (6 months) |
|
|
|
|
| 271 - 365 days (9 months) |
|
|
|
|
| 366 - 545 days (1 year) |
|
|
|
|
| 546 - 729 days (1 1/2 years) |
|
2.250% |
|
|
| 2 years |
|
2.500% |
|
|
| 3 years |
|
|
|
|
| 4 years |
|
|
|
|
| 5 years |
|
|
|
| |
* APY=Annual Percentage Yield. Rate as of 6/13/2008. Rates and terms subject to change without notice. $1,000 minimum. Maximum of $1,000,000 per member. 8-month Certificate rolls to 9-month Certificate at maturity. No additional rate increases or Relationship Rewards rate bumps. Offer subject to termination without notice. Early withdrawals are subject to a penalty.
Your savings are federally insured to $100,000 by the National Credit Union Administration, a U.S. Government agency.