Business Savings

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Savings Options for All Types of Businesses

Building up your savings is one way to sustain operations and reach your business goals. 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
  • A SECU team that’s ready to set you, and your savings, up for success

Standard Savings

While typically offering a lower interest rate than our other options, a business savings account is considered one of the safest ways to grow your funds. You can also deposit and withdraw funds easily. Learn more about this low-risk, limited-return option by speaking with a SECU team member.

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.

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.

Certificate of Deposit

Our 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.

Ready to grow your savings with SECU? Schedule an appointment with our business banking experts today.

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Current Business
Savings Rates

Because SECU operates on a not-for-profit model and is member-owned, we can offer our members like you lower fees and higher interest rates on deposit accounts. The following chart provides current rates and potential APY for our savings, money market and CD accounts.

Rates current as of: May 23, 2023

Business Savings

0.35%

APY*

0.35%

Rate

$10

Minimum Balance

Rates current as of: May 23, 2023

5 years |

1.80%

APY*

1.79%

Rate

5-year Step-Up

1.40%

APY*

1.39%

Rate

4 years |

1.75%

APY*

1.74%

Rate

3 years |

3.10%

APY*

3.06%

Rate

30 months

3.10%

APY*

3.06%

Rate

2-year Jumbo

2.85%

APY*

2.82%

Rate

2 years |

3.10%

APY*

3.06%

Rate

18 months |

2.45%

APY*

2.43%

Rate

13 Month

3.75%

APY*

3.70%

Rate

1-year Jumbo

3.65%

APY*

3.60%

Rate

1 year |

3.65%

APY*

3.60%

Rate

1-year Add-On |

2.95%

APY*

2.92%

Rate

12 Month Gold

Requires SECU TotalTM Checking – Gold level

3.80%

APY*

3.75%

Rate

12 Month Platinum

Requires SECU TotalTM Checking – Platinum level

3.90%

APY*

3.84%

Rate

11 months |

4.00%

APY*

3.94%

Rate

9 months |

4.50%

APY*

4.43%

Rate

6 months |

4.00%

APY*

3.94%

Rate

3 months |

2.25%

APY*

2.23%

Rate

Rates current as of: May 23, 2023

$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

Rates current as of: May 23, 2023

0 - $99,999.99

0.00%

APY*

0.00%

Rate

$100,000.00 - $249,999.99

3.51%

APY*

3.45%

Rate

$250,000.00 - $499,999.99

3.75%

APY*

3.69%

Rate

$500,000.00 - $999,999.99

3.75%

APY*

3.69%

Rate

$1,000,000.00 - $4,999,999.99

4.00%

APY*

4.17%

Rate

$5,000,000.00 - $999,999,999.99

4.00%

APY*

4.17%

Rate

Not sure which savings account is right for you? Our team is standing by to help answer any questions and guide you through the transfer process. Talk with a specialist today.

*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.