SAVING ACCOUNTS
CHECKING ACCOUNTS
RETIREMENT PLANS
SAVING CERTIFICATES
MONEY MARKET ACCOUNTS
BUSINESS PROFESSIONALS
Savings Account to protect your business - header

Running your own business has given you satisfaction as well a number of obstacles you’ve had to hurdle. Luckily, Granite Credit Union has removed most of the obstacles and fees associated with a Business Account. Save on fees and open an account at Granite. Granite is always there so you can grow your business.

GRANITE BUSINESS ACCOUNTS

  • No Monthly Fees
  • Just a $25 minimum balance

GRANITE TIP:

Save on fees associated with a business account at your credit union.

Type
APY*Div RateMin Balance/Mo. Fee
Business Savings .10%.10%$25/none
Organizational Savings .10%.10%$25/none

Checking Account to go about your business - header

Money Market Checking

MMA Min BalanceAPY*Div RateMonthly Fee
$2,500.40%.40%$10
$10,000.45%.45%$10
$25,000.55%.55%$10
$50,000.70%.70%$10
$100,000.80%.80%$10
$250,000.90%.90%$10

You run your business efficiently and with passion. While at the lunch counter, you pay your bills using Granite’s bill pay. You interface your account with Quickbooks and you save so much money by moving your account from the bank. Granite is always there so you can grow your business.

GRANITE CHECKING ACCOUNT

  • No Monthly Fees
  • Just a $25 minimum balance
  • Free bill pay

GRANITE TIP:

We offer Business Money Market Checking accounts.

Business Retirement to let the next generation lead - header

As a Business Owner, a SEP IRA is a good way to start your own retirement plan as well as your employees. This benefit will help you retain your most talented employees. Talk to a Business Account Specialist and see the options of a Business Retirement Account.

GRANITE BUSINESS RETIREMENT

  • SEP IRA

GRANITE TIP:

A good retirement plan will not only help you and your employees prepare for retirement but will help you retain your most talented employees.

Type
Min BalanceAPY*Div RateMonthly Fee
SEP$25
.20%.20%None
SEP$5000.20%.20%
None
SEP$20,000
.25%.25%None

Savings Certificates to invest in your business - header

Term
APY*Div Rate
< 12 months1.83%1.85%
12 months1.93%1.95%
18 months*1.93%1.95%
24 months2.18%2.20%
36 months2.28%2.30%
48 months2.33%2.35%
60 months2.37%2.40%
84 months2.37%2.40%
Effective Date 11/1/2019

Your business is finally profitable and you’re accumulating some earnings. Time to move some money from your checking account and to park it in a Savings Certificate. You structure the Savings Certificate for one year anticipating your next capital expenditure. Savings Certificates are the tried and tested investment vehicle. Absolutely safe and no broker fees or sales costs. Talk to a Member Service Representative about a Savings Certificate. Granite Credit Union has been paying dividends since 1935 and will help you take your business to the next level.

GRANITE SAVING CERTIFICATES

  • Your principal is insured to at least $250,000
  • No monthly fee
  • No investment fee
  • No sales commission
  • Open for as little as $500
  • Terms up to 5 years
  • Penalty for early withdrawal

GRANITE TIP:

Consider laddering your savings certificates so you have money maturing every year. e.g. Purchase five $5000 savings certificate each maturing each year for the next 5 years rather than one $25,000 certificate maturing in 5 years. A MSR can help you with this.

Money Market to secure your business - header

At lunch you check your checking account online and realize you have too much cash in checking. You transfer most of the money to your Money Market Account until you need it. In the meantime, you have available cash and your account will earn money market rates. This kind of smart move is why you make the big bucks! Talk to a Member Service Representative about a Business Money Market Account. Granite Credit Union will put your money to work, paying you a monthly dividend while you work, and help you take your business to the next level.

GRANITE BUSINESS MONEY MARKET

  • Your principal is insured to at least $250,000
  • Earn Money Market rates
  • No monthly fee
  • Pull your money out anytime you need it
  • No penalty for early withdrawal

GRANITE TIP:

Move money that you’ll need in the near future to your Money Market Account. You’ll earn Money Market Rates and your funds are completely liquid.

MMA Min BalanceAPY*Div Rate
$2,500.40%.40%
$10,000.45%.45%
$25,000.55%.55%
$50,000.70%.70%
$100,000.80%.80%
$250,000.90%.90%

Business Team to help you succeed - header
Image of Brian Frandsen, Commercial Lending Specialist

Brian Frandsen

AVP Commercial Lending

801-288-3034

BrianF@granite.org

Image of Jodi Gillis, Business Loan Analyst

Jodi Gillis

Business Loan Analyst

801-288-3052

JodiG@granite.org

Image of Jill Angus, Business Specialist

Jill Angus

Business Specialist

801-288-3042

JillA@granite.org

Image of Skeeter Johnson, Business Loan Originator

Skeeter Johnson

Business Loan Orginator

801-288-3059

SkeeterJ@granite.org

Eff. Date - 11/1/2019

Business Savings Accounts

*APY is Annual Percentage Yield. This rate schedule states rates applicable to specified accounts. Dividends are compounded and credited monthly.

Minimum balance requirements apply to average daily balance (amount of principal in account each day). All savings rates are variable, this means the dividend rate and annual percentage yield may change at any time as determined by the Board of Directors.

Savings Certificates

Minimum balance requirements is $500 and applies to the average daily balance (amount of principal in account each day). Penalties may be imposed for early withdrawals. The penalty is 90 days dividends on a term of 12 months or less, 180 days of dividends on terms of more than 12 months but less than 48 months and 365 days of dividends on terms 48 months or more.

Business Membership Agreement

Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.

More information.

Granite Credit Union is an Equal Housing Lender.

More info