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Business Savings & Checking Accounts
EECU is your trusted financial partner - not only for your family, but for your business as well. No matter how large or small your business, EECU offers a variety of Business Savings and Checking products to help build solid, lasting partnerships. Whatever you are saving for, an EECU Business Savings or Checking Account is a convenient way to make sure the job gets done.
Business Savings Accounts
EECU membership requires a Savings Account with a minimum deposit of just $5.00, which is equal to one share in the Credit Union.* A competitive dividend rate is paid on the daily balance and is compounded and credited monthly. This account is a perfect companion to your Business Checking Account. You can make the most of extra cash with this dividend-bearing account and save for a specific need or be prepared for unplanned expenses.
*A $.05 fee per strap of currency and/or a $.15 fee per roll of coin will be charged on cash deposits.
Business Preferred Savings Accounts
An EECU Business Preferred Savings Account is the ideal tool for members who want to maximize the return on their investment and still have easy access to their funds. You have the ability to earn even higher yields than you would with a traditional Savings Account when you maintain a balance of $2,500 or more. This account also pays dividends on the daily balance, which are credited monthly.*
*The Preferred Savings Account is a Tiered Rate account. Once a particular range is met, the Dividend Rate and Annual Percentage Yield for that balance range will apply to the full balance of your account. If the balance drops below the minimum balance required on the lowest balance tier, the Dividend Rate will revert to the Dividend Rate paid on Regular Share Accounts.
Business Checking Accounts
Whether you're an entrepreneur just starting a business, or a growing business in search of a better way to manage your cash flow, EECU has a Business Checking solution tailored to your needs.
Express Business Checking Accounts
Perfect for home-based or smaller businesses that do not process many transactions.
- No minimum balance requirements
- Free Business VISA® Debit Card
- Low $5.00 monthly service fee with 225 items per statement.*
- Free Online Banking, Bill Pay and e-Statements
- Courtesy Pay*** available
* A $.50 per item fee will be charged for transactions in excess of 225. A $.05 fee per strap of currency and/or a $.15 fee per roll of coin will be charged on cash deposits.
Elite Business Checking Accounts
Ideal for larger businesses with a high level of account activity. If you tend to maintain larger balances on deposit, EECU's Elite Business Checking can be a particularly good value.
- Minimum balance of $5,000 to open*
- Free Business VISA® Debit Card
- 450 free transactions per statement**
- Free Online Banking, Bill Pay and e-Statements
- Courtesy Pay*** available
Business Term Share Accounts
EECU offers a variety of Business Term Share Accounts, allowing you to earn higher dividend rates for terms of 3 months, 6 months, 9 months, 12 months, 18 months, 24 months, 30 months, 36 months, 48 months and 60 months. A $1,000 minimum balance is required for each Term Share Account.
* A $12.00 monthly fee will be charged if the average daily balance falls below the minimum balance requirement. **A $.25 per item fee will be charged for transactions in excess of 450. A $.05 fee per strap of currency and/or a $.15 fee per roll of coin will be charged on cash deposits.
***$30.00 standard Courtesy Pay fee applies for each non-sufficient fund item paid and created by check writing, ATM withdrawals, Debit Card transactions or other electronic means including ACH transactions. The amount of any overdraft(s), plus courtesy pay fee(s) are due and payable upon notification from EECU, and must be paid in full within 30 days. EECU’s Courtesy Pay service is non-contractual and discretionary. We reserve the right to solely approve Courtesy Pay for member accounts in good standing and may limit the number of eligible accounts to one per household. EECU has the right to cancel Courtesy Pay anytime and without notice. EECU provides Savings overdraft protection as an alternative form of overdraft protection.
Whether you're starting a new business or strengthening an established business, we have the solutions to help you succeed! For more information on Business Services, visit our Business Lending Services web page or contact our Business Services Professionals at 517.787.2060 or 877.894.5033, and ask how we can help make your business vision a reality today!
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