Business Savings
Invest in the future of your business
Security and convenience
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Anytime, Anywhere
With online and mobile banking,Bill Pay, eDocuments, and Deposit Anywhere1, you can manage your business savings on your schedule.
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Deposit Insurance
Your deposits are federally insured to at least $250,000 by the National Credit Union Administration (NCUA). Shares and deposits in excess of $250,000 are insured by the Massachusetts Share Insurance Corporation (MSIC).
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Early ACH Credits
Receive ACH credits, including Direct Deposits, up to one (1) business day early, so you can be sure you have the funds on hand when you need them the most.
Your business savings account options
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Best for members who:
Best for members who:
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Opening Balance
Opening Balance
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Minimum Balance Requirements
Minimum Balance Requirements
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Dividends
Dividends
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Monthly Fees
Monthly Fees
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Other Features
Other Features
Business Savings
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Best for members who:
Want a great savings account that you can access as needed.
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Opening Balance
$25
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Minimum Balance Requirements
$0
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Dividends
The same dividend rate is applied to entire account balance. See rates.
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Monthly Fees
None
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Other Features
Can link this account to Business Checking as overdraft protection.
Business Certificates of Deposit
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Best for members who:
Want to earn higher dividends by saving for the longer-term.
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Opening Balance
$250
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Minimum Balance Requirements
$250
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Dividends
Compounded and credited monthly. See rates.
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Monthly Fees
None
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Other Features
Terms from 6 to 60 Months. Penalties for early withdrawal may apply. “Bump Up” option available on certain terms.
Our Business Savings rates
|
Balance |
Dividend Rate |
APY* |
Min Average Daily Balance to Earn |
|---|---|---|---|
|
Balance Any |
Dividend Rate 0.05% |
APY* 0.05% |
Min Average Daily Balance to Earn 0.05% |
|
Term |
Min. to Open |
Interest Rate |
APY* |
|---|---|---|---|
|
* APY = Annual Percentage Yield. Rates are effective as of December 5, 2025. A penalty may be imposed for early withdrawal. A $250.00 minimum balance and $5.00 membership account are required to open a Certificate of Deposit. Upon maturity, certificate may automatically roll into another term. Please check with a Member Service Representative for additional information. **This certificate is available with a one-time bump-up option.
|
|||
|
Term 6 Months- SPECIAL OFFER |
Min. to Open $250.00 |
Interest Rate 3.566% |
APY* 3.625% |
|
Term 12 Months |
Min. to Open $250.00 |
Interest Rate 1.490% |
APY* 1.50% |
|
Term 13 Months- SPECIAL OFFER |
Min. to Open $250.00 |
Interest Rate 3.445% |
APY* 3.50% |
|
Term 18 Months |
Min. to Open $250.00 |
Interest Rate 1.736% |
APY* 1.75% |
|
Term 24 Months** |
Min. to Open $250.00 |
Interest Rate 1.834% |
APY* 1.85% |
|
Term 30 Months |
Min. to Open $250.00 |
Interest Rate 1.982% |
APY* 2.00% |
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Term 36 Months |
Min. to Open $250.00 |
Interest Rate 1.982% |
APY* 2.00% |
|
Term 42 Months** |
Min. to Open $250.00 |
Interest Rate 2.227% |
APY* 2.25% |
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Term 48 Months |
Min. to Open $250.00 |
Interest Rate 2.227% |
APY* 2.25% |
|
Term 60 Months |
Min. to Open $250.00 |
Interest Rate 2.472% |
APY* 2.50% |
How to Open Your Business Account
Based on your form of ownership, additional documentation may be required:
Business Savings FAQs
Yes, you will have access to the same services offered through online banking as our consumer members do. You can view statements, transfer funds, access eDocuments, deposit anywhere, and more.
Yes, in addition to mobile deposit, you can deposit at any one of the following branches:
- Dracut – Lakeview
- Dracut – Bridge
- Lowell
- Nashua
- Chelmsford
- Westford
- Methuen
Ready to get started?
To apply for loans, open accounts or to schedule a meeting to discuss your business, contact:
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Kara Doyle
VP – Commercial LendingOffice: (978) 323-3242
Mobile: (978) 479-7150
Email: [email protected] -
Robert Boley
VP – Business Services AdvisorOffice: (978) 703-7982
Mobile: (978) 421-4644
Email: [email protected]
Disclosures
1All remote check deposit enrollees are subject to approval by the Credit Union. Enrollment may take up to two (2) business days.