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Business Savings Account

Ensure your business is prepared for the future with UMCU's Business Savings Account, offering flexible savings options, convenient digital tools, and interest-earning benefits to support your financial goals.

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Build Your Business Savings with Confidence Feature Image

Build Your Business Savings with Confidence

Business leaders know they should prepare for tomorrow, and with UMCU's Business Savings Account, it's easy to grow your reserve. Whether you want to spend funds to invest in your business or deal with unexpected emergencies, we make it easy to handle whatever life brings your way with convenient banking tools and monthly interest deposited to your account.

Open an Account

  • No Monthly Maintenance Fee
  • First 6 Withdrawals Each Month are Free: $2 for each additional item*
  • No Charge for First 75 Deposits Each Month: $0.20 for each additional item
  • Upgrade to a Business Money Market Account: Earn tiered interest on deposited funds**
  • Easily Manage Funds 24/7: Access your account through the Online Banking portal or Mobile Ap

Business Savings Account Rates

Type Deposit Tier Interest Rate APY**
Business Savings Account N/A 0.05% 0.05%
Business Money Market Savings Account $2,000 - $4,999.99 0.45% 0.45%
$5,000 - $9,999.99 0.45% 0.45%
$10,000 - $24,999.99 0.75% 0.75%
$25,000+ 1.05% 1.06%
Deposit Tier Interest Rate APY**
N/A 0.05% 0.05%
Deposit Tier Interest Rate APY**
$2,000 - $4,999.99 0.45% 0.45%
$5,000 - $9,999.99 0.45% 0.45%
$10,000 - $24,999.99 0.75% 0.75%
$25,000+ 1.05% 1.06%
Business Savings Account requires $5.00 minimum balance be maintained to remain open.

Open a Business Account — 3 Simple Steps

Ready to get started? We're here to support you every step of the way.

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Complete Your Application

Gather materials

Gather Your Materials


Submit

Submit Your Application


  • Stop By: Visit any of our branch locations and we'll get you set up.
  • Online: Log into your online banking to submit your application and documents via secure messaging.
  • Secure Link: Click here to request a secure link for submittal.

FAQs

  1. Government-Issued Identification
  2. Business Account Authorization
  3. Completed UMCU Resolution
  4. SSN or EIN Documents
  5. Articles of incorporation (LARA)
  6. Certificate Assumed Name (if applicable)
  7. Company Resolution (if applicable)
  8. Bylaws and Meeting Minutes (if non-profit)
  9. Letter of Good Standing (only if out of state)


Have questions? Schedule an appointment, stop by a branch, or give us a call at 800-968-8628 to get your specialty Business Account opened today!

  1. Government-Issued Identification
  2. Business Account Authorization
  3. Completed UMCU Resolution
  4. SSN or EIN Documents
  5. W-9
  6. Articles of Organization (LARA)
  7. Certificate Assumed Name (if applicable)
  8. Company Resolution (if applicable)
  9. Letter of Good Standing (only if out of state)


Have questions? Schedule an appointment, stop by a branch, or give us a call at 800-968-8628 to get your specialty Business Account opened today!

  1. Government-Issued Identification
  2. Business Account Authorization
  3. Completed UMCU Resolution
  4. SSN or EIN Documents
  5. Partnership Agreement/Contract
  6. Certificate Assumed Name (if applicable)
  7. Company Resolution (if applicable)
  8. Letter of Good Standing (only if out of state)


Have questions? Schedule an appointment, stop by a branch, or give us a call at 800-968-8628 to get your specialty Business Account opened today!

  1. Government-Issued Identification
  2. Business Account Authorization
  3. Completed UMCU Resolution
  4. Certificate Assumed Name
  5. SSN or EIN Documents


Have questions? Schedule an appointment, stop by a branch, or give us a call at 800-968-8628 to get your specialty Business Account opened today!

  1. Government-Issued Identification
  2. Business Account Authorization
  3. Completed UMCU Resolution
  4. SSN or EIN Documents
  5. Meeting Minutes
  6. Bylaws (if applicable)
  7. Company Resolution (if applicable)


Have questions? Schedule an appointment, stop by a branch, or give us a call at 800-968-8628 to get your specialty Business Account opened today!

Related Resources

Calculators

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Events

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Downloads

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Business Gold Checking Account

Business Gold Checking Account

  • First 400 Deposits (Credits) Each Month are Free
  • No Charge for First 300 Checks (Debits) Each Month
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  • Earn Interest on Funds Kept On-Hand

Disclaimer

*Item counts are the total monthly aggregate of all items present to all your accounts under a single account number.
**APY = Annual Percentage Yield. Business Money Market Accounts are charged a $5 fee at month end if they had less than $200 at any time during that month.
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