Business Savings

A business savings account from MECU offers an outstanding way to earn competitive dividends on your balance, while enjoying the many special conveniences that come with MECU membership.

• Just a $5 initial deposit opens an account
• Earn dividends on balances of $100 or more
• No minimum balance fee
• No monthly service charges
• No deposit restrictions
• 24/7 online access to your accounts
• Your savings are federally insured to $250,000, plus $250,000 of additional coverage is provided through Excess Share Insurance, a subsidiary of American Share Insurance, the nation’s largest private deposit insurer
• Use direct deposit to help your savings grow faster

Opening a business savings account at MECU automatically enrolls you as a credit union member.

For a list of our fees, please check our fee schedule.

APY -- Annual Percentage Yield (the yield you earn on a deposit over a year)

* No national averages are shown for these products/tiers due to the fact that this offering is not commonly available at other financial institutions.

Savings insured up to $250,000, and Individual Retirement Accounts are separately insured to $250,000, by the National Credit Union Administration, a U.S. government agency. An additional $250,000 of coverage is provided by Excess Share Insurance. Federal regulations prohibit the payment of dividends in excess of available earnings. All dividends are calculated using the average daily balance method, compounded monthly and paid monthly. Any deposits or withdrawals will affect the actual APY earned. Fees may reduce earnings. These are variable rate accounts; rates are subject to change without notice.

Savings account dividend rates are based on the credit union’s earnings at the end of the dividend period, and thus cannot be declared in advance. Vacation and holiday savings withdrawals are limited to program parameters.

Money market accounts have a withdrawal minimum of $500. On all MECU savings or money market accounts, you are permitted to make up to six preauthorized, automatic, telephonic, audio response or Internet transfers to another of your accounts, or to the account of any other person or organization, during a calendar month. Monthly minimum balance fee of $10 is assessed on account balances less than $2,500. Fees may reduce earnings. These are variable rate accounts; rates are subject to change without notice.