4.16% APY* for 9 months
Open an account below, visit a branch, or call 800.400.8790.
*APY is the Annual Percentage Yield on the deposit. Rate quoted is accurate as of May 1, 2023. Minimum to earn APY is $1,000. Early withdrawal penalties may apply. Limited time offer. Federally Insured by NCUA.
________________________________________________
Streamlining Your
Business Finances
________________________________________________
Are you a small business, an established company,
or busy professional? If so, we have the services
to make you efficient.
Unlimited Check Writing | Debit Card Access | Real-Time Alerts | Mobile Deposits | Owner Controlled Online Access for Staff
Minimum Deposit to Open Account | $25.00
Dividends | Non-Interest Bearing
Per Item Fee | 250 Items included | $0.40/Per Item (after initial 250)
(excludes ACH and debit card transaction)
Monthly Service Charge
$10.00 can be waived if one or more of the following are met:
$10,000 combined balances in business deposits, loans, or lines
Sole Proprietors and DBA with $10,000 in combined balances in deposits, loans, or lines in EITHER personal or business accounts
Active Business Services Agreement
Minimum Deposit to Open Account
$25.00
Dividends
Paid on all balances greater than $500
Per Item Fee
$0.15/Per Item over 15/Per Month
Monthly Service Charge
$5.00
For full business account pricing information, please see the Business Pricing Schedule, or speak to any Member Service Representative.
For information on marijuana-related businesses, click here.
Benefits
_____________________________________
Download the NEFCUOnline Mobile
Business Banking App to get started.
Approval of the above transactions are required. Contact our Business Service Officer at 802.764.2643 for more details.
NEFCU processes wire transfers for Business Members through the Business Online Banking Platform. This feature allows a business member to initiate a domestic wire within their limits remotely, without having to go into a branch. Approval of these transactions are required.
Mobile Deposit is the ability for a business member to deposit checks electronically from a location other than the financial institution. This electronic image is considered a negotiable instrument just the same as the original paper check. Mobile Deposit can be performed from a desktop scanner (similar to models used in branches) or done via a mobile device (similar to current offering at NEFCU). Approval of these transactions are required.
Benefits
ACH is a quick, cost effective, and easy way for a business owner to transfer funds, to be paid, or make payments. All ACH transfers can be done through the Business Online Banking Platform. Approval of these transactions are required.
Benefits
Approval of the above transactions are required. Contact our Business Service Officer at 802.764.2643 for more details.
When cash in is greater than out, you might want to move your extra funds into a NEFCU Power money market account or a savings account.
Start your Power Account with $1,000 or more and earn money market rates when your balance stays at least $1,000. Dividends are compounded and paid monthly. You can direct deposit to your Power Account. This account has no monthly fee.
Minimum to Open & Earn Annual Percentage Yield | Dividend Rate | Annual Percentage Yield 1 | Alert Me | |
---|---|---|---|---|
Average Balance of $1,000 - $49,999 | $1,000 | 1.15% | 1.16% 2 | |
Average Balance of $50,000 - $99,999 | $1,000 | 1.50% | 1.51% 2 | |
Average Balance $100,000 - $249,000 | $1,000 | 1.50% | 1.51% | |
Average Balance of $250,000 - $499,000 | $1,000 | 1.75% | 1.76% | |
Average Balance $500,000 and above | $1,000 | 1.75% | 1.76% | |
|
Start it off with $5.00 or more and your entire balance will earn dividends. Need to move money out? It's easy to transfer funds to your checking account when NEFCUOnline is standing by 24/7. You can also visit a branch to do a transfer.
Minimum to Open & Earn APY | Dividend Rate | APY 3 | Alert Me | |
---|---|---|---|---|
Savings Account | $5 | .20% | .20% | |
|
For full business account pricing information, please see the Business Pricing Schedule, or speak to any Member Service Representative.
Your deposits are federally insured up to $250,000 by the National Credit Union Administration For additional information, please see details and restrictions.
Find an ATM near you, wherever you are in the world.
Filter by 24-hour access, wheelchair accessible, balance inquiry, braille & audio support, deposits, and more.
1 Rates are subject to change after account opening.
2 A minimum average daily balance of $1,000 must be maintained in your account each day to obtain the disclosed APY.
3 APY: Annual Percentage Yield. Interest is compounded monthly. Fees may reduce earnings. Rates are subject to change after account opening.