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Organizational Savings Accounts
Basic savings for larger businesses
Other Business Savings Accounts
Dedicated savings for specific purposes makes reaching goals easy
Always Insured - ICS Money Market
Make sure your funds are always insured regardless of how high your account balance is.
Check balances, make transfers and payments, deposit checks, find us.
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You’re insured to at least $250,000.
Granite has a variety of checking accounts to benefit your business.
Look at my options
View our current dividend and loan rates for businesses.
Show me the money
Running a business comes with a lot of ups and downs. You can protect your business from those variables and uncertainties by saving funds during the ups to cover the downs. Once you accumulate $500, you open up more investment options. The more you save, the more investment opportunities you have.
Contact a Granite Business Team member to open an account.
| Type | APY** | Div. Rate | Min. Balance/ Mo. Fee |
|---|---|---|---|
| Business Savings | $5.00/none |
*APY is Annual Percentage Yield. Dividends are compounded and credited monthly based on the daily balance formula. All deposit rates are variable. Minimum balance requirements apply. Contact a Business Services Representative for details. Federally insured by NCUA.
Business Truth-in-Savings/Fee Schedule
Business Membership Account Agreement
Funds Availability Policy
No monthly fee
Low minimum opening deposit
Store readily accessible funds
Earn dividends on your monthly balance
A Granite Organizational Savings account has all the same benefits as a Granite Business Savings account, it’s just designed for larger businesses. Either way, your minimum opening deposit is your share of the credit union, so you’re part owner here too.
Talk to a Granite Business Team member to open an account.
| Type | APY** | Div. Rate | Min. Balance/ Mo. Fee |
|---|---|---|---|
| Organizational Savings | $5.00/none |
*APY is Annual Percentage Yield. Dividends are compounded and credited monthly based on the daily balance formula. All deposit rates are variable. Minimum balance requirements apply. Contact a Business Services Representative for details. Federally insured by NCUA.
Business Truth-in-Savings/Fee Schedule
Business Membership Account Agreement
Funds Availability Policy
No monthly fee
Low minimum opening deposit
Store readily accessible funds
Earn dividends on your monthly balance
Open as many Other Business Savings accounts as you’d like with no minimum balance. It’s a great way to save for something specific, like a down payment on equipment you need for your business or a new location. They’re all under your main account so it’s easy to transfer funds into different categories.
Contact a Granite Business Team member to add one or more dedicated savings accounts for your business.
| Type | APY** | Div. Rate | Min. Balance/ Mo. Fee |
|---|---|---|---|
| Business Savings | $5.00/none |
*APY is Annual Percentage Yield. Dividends are compounded and credited monthly based on the daily balance formula. All deposit rates are variable. Minimum balance requirements apply. Contact a Business Services Representative for details. Federally insured by NCUA.
Business Truth-in-Savings/Fee Schedule
Business Membership Account Agreement
Funds Availability Policy
No monthly fee
No minimum balance
Dedicate other savings to your needs
Access funds whenever you’re ready
Earn dividends on your monthly balance
There’s no need to go through the hassle of opening accounts at different financial institutions to keep your funds insured when you have more than $250,000. With an Always Insured - ICS Money Market, you can deposit the entire sum you want insured with Granite Credit Union up to $25,000,000. Granite does the leg work for you and your entire balance shows in one simple account viewable in online banking and in Granite’s mobile app with one monthly statement. Granite Credit Union is always there so you can… make insuring large balances happen.
Contact a Granite Business Team member to get started.
| Type | APY** | Div. Rate | Min. Balance/ Mo. Fee |
Max. Balance |
|---|---|---|---|---|
| Always Insured - ICS Money Market | 2.960% | 3.00% | $250,000.00/none | $25,000,000.00 |
*APY is Annual Percentage Yield. Dividends are compounded and credited monthly based on the daily balance formula. All deposit rates are variable. Minimum balance requirements apply. Deposits placed in ICS are subject to terms, conditions, and disclosures in applicable agreements. Contact a Business Services Representative for details. Federally insured by NCUA.
Business Truth-in-Savings/Fee Schedule
Business Membership Account Agreement
Funds Availability Policy
No monthly fee
Available for both consumer and commercial accounts
$250,000 minimum balance
$25,000,000 maximum balance
Earn dividends on your monthly balance
As you accumulate earnings, consider investing in a Savings Certificate. It’s a low-risk investment that offers higher dividends than a standard savings account. There is a penalty for early withdrawal so this should be money you can let sit to accumulate more interest.
Contact a Granite Business Team member to start investing.
| Term | APY** | Div. Rate |
|---|---|---|
| 6-11 Months | ||
| 12 Months | ||
| 18 Months | ||
| 24 Months | ||
| 36 Months | ||
| 48 Months | ||
| 60 Months |
*APY is Annual Percentage Yield. Dividends are compounded and credited monthly based on the daily balance formula. All deposit rates are variable. Minimum balance requirements apply. Contact a Business Services Representative for details. Penalties may be imposed for early withdrawals. Federally insured by NCUA.
Business Truth-in-Savings/Fee Schedule
Business Membership Account Agreement
Funds Availability Policy
No monthly fee
No investment fee
No sales commission
Open for as little as $500
Terms up to 5 years
Penalty for early withdrawal
Consider laddering your savings certificates so you have money maturing every year. e.g. Purchase five $5,000 savings certificates, each maturing every year for the next 5 years, rather than one $25,000 certificate maturing in 5 years. A Business Team member can help you with this.
As a business owner, you’re not just looking out for yourself, you have a family of employees to think about as well. Retain your most talented employees by investing in their future. An SEP-IRA is a good way to start your own retirement plan as well as your employees.
Talk to a Granite Business Team member to see the options of a Business Retirement Account.
No monthly fee
Easy to set up and operate
Low minimum balance
Flexible annual contributions
Balance-based rate
