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Business Savings

Invest in the future of your business

Get started

Security and convenience

  • Anytime, Anywhere

    With online and mobile banking,Bill Pay, eDocuments, and Deposit Anywhere1, you can manage your business savings on your schedule.

  • 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).

  • 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

  • Best for members who:

    Best for members who:

  • Opening Balance

    Opening Balance

  • Minimum Balance Requirements

    Minimum Balance Requirements

  • Dividends

    Dividends

  • Monthly Fees

    Monthly Fees

  • Other Features

    Other Features

Business Savings

  • Best for members who:

    Want a great savings account that you can access as needed.

  • Opening Balance

    $25

  • Minimum Balance Requirements

    $0

  • Dividends

    The same dividend rate is applied to entire account balance. See rates.

  • Monthly Fees

    None

  • Other Features

    Can link this account to Business Checking as overdraft protection.

Business Certificates of Deposit

  • Best for members who:

    Want to earn higher dividends by saving for the longer-term.

  • Opening Balance

    $250

  • Minimum Balance Requirements

    $250

  • Dividends

    Compounded and credited monthly. See rates.

  • Monthly Fees

    None

  • 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

Business Savings Account

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%

Business Certificates of Deposit

Term

Min. to Open

Interest Rate

APY*

* APY = Annual Percentage Yield. Rates are effective as of February 1, 2021. A penalty may be imposed for early withdrawal. A $250.00 minimum balance is 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

Min. to Open

$250.00

Interest Rate

0.250%

APY*

0.25%

Term

12 Months

Min. to Open

$250.00

Interest Rate

0.349%

APY*

0.35%

Term

18 Months

Min. to Open

$250.00

Interest Rate

0.399%

APY*

0.40%

Term

24 Months**

Min. to Open

$250.00

Interest Rate

0.449%

APY*

0.45%

Term

30 Months

Min. to Open

$250.00

Interest Rate

0.499%

APY*

0.50%

Term

36 Months

Min. to Open

$250.00

Interest Rate

0.549%

APY*

0.55%

Term

42 Months**

Min. to Open

$250.00

Interest Rate

0.598%

APY*

0.60%

Term

48 Months

Min. to Open

$250.00

Interest Rate

0.598%

APY*

0.60%

Term

60 Months

Min. to Open

$250.00

Interest Rate

0.648%

APY*

0.65%

How to Open Your Business Account

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:

  • Robert Boley
    AVP – Business Services Advisor

    Office: (978) 703-7982
    Mobile: (978) 421-4644
    Email: [email protected]

  • Yan Ventura
    AT – Business Services Advisor

    Office: 978-323-4952 978-758-8010
    Mobile: 978-758-8010
    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.