Business Savings Accounts
Grow your money, grow your business
Business Classic Savings
This is your credit union membership. With our classic Business Savings account from East Idaho Credit Union, your money will work for you no matter the size of your business.
Business Savings Rates
| APY* | Interest Rate |
|---|---|
| 0.05% | 0.05% |
Rates effective as of June 28th, 2021
Business Money Market
An Insured Money Market Account that is competitive with other savings products in the marketplace. This account’s deposit rates can increase as you add more money to it.
If you are looking for a long term account with high yield, this is the account for you.
Business Money Market Rates
| Balance | APY* | Interest Rate |
|---|---|---|
| $0.00 – $9,999.99 | 0.05% | 0.05% |
| $10,000 – $24,999.99 | 0.10% | 0.10% |
| $25,000 – $49,999.99 | 0.15% | 0.15% |
| $50,000 – $99,999.99 | 0.20% | 0.20% |
| $100,000 and Up | 0.25% | 0.25% |
Rates effective as of June 28th, 2021
Velocity Money Market
Our new Velocity Money Market account offers tiered interest rates with unbeatable returns. Each tier earns its own interest rate so the more money you save, the more money you can earn!
TIER 1:
Your first $50,000 earns 0.20%TIER 2:
Your next $25,000 earns 0.50%TIER 3:
Your next $25,000 earns 1.00%TIER 4:
Your next $50,000 earns 1.50%TIER 5:
Everything over $150,000 earns 2.00%
Business Velocity Money Market Rates*
| Balance Tiers | APY* |
|---|---|
| First $50,000 ($0-$50,000) | 0.20% |
| Next $25,000 ($50,000-$75,000) | 0.50% |
| Next $25,000 ($75,000-$100,000) | 1.00% |
| Next $50,000 ($100,000-$150,000) | 1.51% |
| Everything over $150,000 | 2.02% |
Rates effective as of 10/1/2022
Here’s an example of how much you could earn with a total balance of $185,000:
| Tiered Balance | APY* | Annual Interest | ||
|---|---|---|---|---|
| $50,000 | @ | 0.20% | = | $100 |
| $25,000 | @ | 0.50% | = | $125 |
| $25,000 | @ | 1.00% | = | $250 |
| $50,000 | @ | 1.51% | = | $756 |
| $35,000 | @ | 2.02% | = | $707 |
| Total Earned $1,937 |
Tier 1- Your daily balance in tier 1 ($0.00 up to $49,999.99) will earn an interest rate of 0.20% and an APY of 0.20%. Tier 2- Your daily balance in tier 2 ($50,000.00 up to $74,999.99) will earn an interest rate of 0.50% with a 0.50% APY. Tier 3- Your daily balance in tier 3 ($75,000.00 up to $99,999.99) will earn an interest rate of 1.00% with a 1.00% APY. Tier 4- Your daily balance in tier 4 ($100,000.00 up to $149,999.99) will earn an interest rate of 1.50% with a 1.51% APY. Tier 5- Your daily balance in tier 5 ($150,000.00 or more) will earn an interest rate of 2.00% with a 2.02% APY. Your interest rate and annual percentage yield are subject to change. At our discretion, we may change the interest rate on your account. All applicants must meet East Idaho Credit Union account opening requirements. Some restrictions may apply.
Certificates of Deposit (CDs)
A Certificate of Deposit (CD) is a product offered by East Idaho Credit Union that provides an interest rate premium in exchange for the member agreeing to leave a lump-sum deposit untouched for a predetermined period of time.
For a limited time, take advantage of the following special rates when you open a new CD in branch:
| Term | APY* | Interest Rate |
|---|---|---|
| 13 Months | 2.89% | 2.93% |
| 17 Months | 3.09% | 3.13% |
| 26 Months | 3.28% | 3.33% |
| 33 Months | 2.80% | 2.77% |
| 45 Months | 2.80% | 2.77% |
Special Business CD Rates
For a limited time, take advantage of the following special rates when you open a new CD in branch:
| Term | Rate | APY* |
|---|---|---|
| 11 Months Bump-up / Add-on |
4.55% | 4.65% |
| 15 Months Bump-up / Add-on |
4.25% | 4.33% |
| 23 Months Bump-up / Add-on |
3.28% | 3.33% |
| 33 Months | 2.77% | 2.80% |
| 45 Months | 2.77% | 2.80% |
Bump-up option is only available at the request of the member if the rate exceeds their current certificate interest rate, up to .50 basis points, and will only effect rate of dividends that have not been paid out. Members may only add additional funds up to 2 times.
Standard Business CD Rates
| Term | Rate | APY* |
|---|---|---|
| 6 Months | 1.00% | 1.00% |
| 1 Year | 1.25% | 1.26% |
| 2 Years | 1.75% | 1.76% |
| 3 Years | 2.25% | 2.27% |
| 4 Years | 2.10% | 2.12% |
| 5 Years | 2.00% | 2.02% |
*APY = Annual Percentage Yield. Effective as of 4/17/2023. East Idaho Credit Union reserves the right to end, alter, or otherwise adjust this promotional offer at any time and at its discretion. View Rate & Fee Schedule.
