Business Deposit Rates
Business Savings
| Deposit Amount | Rate | APY |
|---|---|---|
| $5.00 | .10% | .10% |
Effective 07/18/2018
Premier Business Checking*
| Deposit Amount | Rate | APY |
|---|---|---|
| $10,000.00 - $24,999.99 | .10% | .10% |
| $25,000+ | .25% | .25% |
Effective 07/18/2018
Business Advantage Money Market**
| Deposit Amount | Rate | APY |
|---|---|---|
| $0.01 to $24,999.99 | 1.24% | 1.25% |
| $25,000.00 to $99,999.99 | 1.24% | 1.25% |
| $100,000.00 - $499,999.99 | 1.24% | 1.25% |
| $500,000.00+ | 1.24% | 1.25% |
Effective 04/06/2020
IOLTA
| Deposit Amount | Rate | APY |
|---|---|---|
| $0 | 1.00% | 1.00% |
Effective 05/01/2019
Business Certificates
Standard Certificates***
| Term | Minimum Balance | Rate | APY |
|---|---|---|---|
| 6 - Month Certificate | $500 | .49% | .50% |
| 1 - Year Certificate | $500 | .74% | .75% |
| 2 - Year Certificate | $500 | .89% | .90% |
| 3 - Year Certificate | $500 | .99% | 1.00% |
| 5 - Year Certificate | $500 | 1.24% | 1.25% |
| 1 - Year Jumbo Certificate | $100,000 | .79% | .80% |
| 2 - Year Jumbo Certificate | $100,000 | .94% | .95% |
Effective 03/17/2020
Business Disclosures
APY = Annual Percentage Yield.
*You must deposit $25 to open a GECU business checking account. The account must be funded within 30 calendar days. We use the daily balance method to calculate dividends on dividend-bearing accounts. Dividends begin to accrue no later than the business day we receive the deposit to your account. You will receive the accrued dividends if you close your account before dividends are posted. APY will vary due to the account activity and balance. If your average daily balance is below $10,000, you will incur a $15 monthly maintenance fee. To earn dividends, you must have a balance greater than $10,000. The tiers are as follows: Tier 1 daily balance $10,000 to $24,999.99; Tier 2 daily balance $25,000 or more.
**Business Advantage Money Market Account (BAMMA): Annual percentage yield (APY) is accurate as of 4.6.2020. There is no minimum balance requirement to open this account. Funding must be received within 30 calendar days of account opening. Dividends begin to accrue no later than the business day we receive the deposit to your account. To earn dividends, you must have a balance greater than $0. Rates earned are based on balances, calculated daily, and compounded to the account monthly. Dividend rates are based on the account balance and account tier. The tiers are as follows: Tier 1 daily balance of: $0.01 to $24,999.99; Tier 2: $25,000 to $99,999.99; Tier 3: $100,000 to $499,999.99; Tier 4: $500,000 or more. All tiers are subject to variable rate pricing. Under no circumstance will the rate for any tier be less than 0.10%. Fees may reduce earnings. This account is subject to Reg D limitations.
***Fees may reduce earnings. Substantial penalties for early withdrawal on all certificates. Refer to the Business Account Disclosure for account information.
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