Business Savings
Your money works harder with SECU
Building your savings can sustain operations and establish long-term stability. At SECU, we offer our business members a variety of options so you can choose the right account for your needs. Whether you’re running a nonprofit or managing finances for a small startup or larger organization, you can expect:
- Minimal fees
- Competitive rates
- Online and mobile banking
- High-yield options
Savings options for every business
Business share savings
A business savings account is considered one of the safest ways to grow your funds. You can also deposit and withdraw funds easily.
GET STARTEDBusiness money market
Our business money market account puts your business’s hard-earned money to work for you, until it’s needed. Enjoy convenient access to funds at any time via mobile and online banking, with no fees for withdrawals, additional deposits, or transfers. With minimum deposit requirements, your APY* depends on what you invest.
GET STARTEDBusiness high-yield money market
If you have substantial money set aside for a rainy day, our high-yield money market may be an option to consider. With a minimum deposit of $100,000, you can earn higher interest rates without limiting your transactions or incurring fees. This account is a great way to increase your savings faster while maintaining access to your funds.
GET STARTEDBusiness certificate of deposit
Our business certificate of deposit (CD) requires you to deposit your funds for a specific term length. We offer a fixed interest rate that’s usually higher than our other savings account options. However, if you withdraw your funds before the term ends, there may be fees.
GET STARTEDEstate share savings
Dealing with the passing of a loved one is stressful. You shouldn’t have an extra worry about handling their finances. Our estate share savings account is an easy and caring way to administer a loved one’s estate.
CONTACT USOur business savings rates
Because SECU operates on a not-for-profit, member-owned model, we can offer our members lower fees and higher interest rates on deposit accounts. See our current rates and potential APY for our savings, money market, and CD accounts.
Business Savings |
0.35%APY* |
0.35%Rate |
$10Minimum Balance |
5 years | Open Now |
|
1.80%APY* |
1.79%Rate |
5-year Step-Up |
|
1.40%APY* |
1.39%Rate |
4 years | Open Now |
|
1.75%APY* |
1.74%Rate |
3 years | Open Now |
|
3.30%APY* |
3.26%Rate |
30 months |
|
3.10%APY* |
3.06%Rate |
2-year Jumbo |
|
3.30%APY* |
3.26%Rate |
2 years | Open Now |
|
3.30%APY* |
3.26%Rate |
18 months | Open Now |
|
3.30%APY* |
3.26%Rate |
13 Month |
|
3.55%APY* |
3.50%Rate |
1-year Jumbo |
|
3.65%APY* |
3.60%Rate |
1 year | Open Now |
|
3.55%APY* |
3.50%Rate |
1-year Add-On | Open Now |
|
2.85%APY* |
2.82%Rate |
12 Month GoldRequires SECU TotalTM Checking – Gold level |
|
3.70%APY* |
3.65%Rate |
12 Month PlatinumRequires SECU TotalTM Checking – Platinum level |
|
3.80%APY* |
3.75%Rate |
11 months | Open Now |
|
4.10%APY* |
4.04%Rate |
9 months | Open Now |
|
4.15%APY* |
4.09%Rate |
6 months | Open Now |
|
4.25%APY* |
4.18%Rate |
3 months | Open Now |
|
2.55%APY* |
2.53%Rate |
$0 - $4,999 |
|
0.50%APY* |
0.50%Rate |
$5,000 - $24,999 |
|
0.75%APY* |
0.75%Rate |
$25,000 - $49,999 |
|
1.00%APY* |
1.00%Rate |
$50,000 - $99,999 |
|
1.19%APY* |
1.20%Rate |
$100,000 - $249,999 |
|
1.39%APY* |
1.40%Rate |
$250,000+ |
|
1.59%APY* |
1.60%Rate |
0 - $99,999.99 |
0.00%APY* |
0.00%Rate |
|
$100,000.00 - $249,999.99 |
3.00%APY* |
2.96%Rate |
|
$250,000.00 - $499,999.99 |
3.25%APY* |
3.20%Rate |
|
$500,000.00 - $999,999.99 |
3.25%APY* |
3.20%Rate |
|
$1,000,000.00 - $4,999,999.99 |
3.51%APY* |
3.45%Rate |
|
$5,000,000.00 - $999,999,999.99 |
3.51%APY* |
3.45%Rate |
Need help deciding which type of savings account is right for you and your business?
*APY = Annual Percentage Yield
Minimum $100,000 new money from a financial institution outside of SECU required to open a business high-yield money market account. Money in an existing SECU deposit account does not count towards the minimum. Accounts can only be opened through a branch or the Virtual Financial Center. Rates and required balance amounts subject to change at any time without notice. See www.secumd.org/rates-calculators for current rates. Fees may reduce earnings on the account. Membership eligibility required. Federally insured by NCUA.
