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 Rate | Min Balance/Mo. Fee |
|---|---|---|---|
| Business Savings | .10% | .10% | $25/none |
| Organizational Savings | .10% | .10% | $25/none |
| Small Business Checking | n/a | n/a | None/None |
| Organizational Checking | n/a | n/a | None/None |
| Type | APY* | Div Rate | Min Balance/Mo. Fee |
|---|---|---|---|
| Business Savings | .10% | .10% | $25/none |
| Organizational Savings | .10% | .10% | $25/none |
| Small Business Checking | n/a | n/a | None/None |
| Organizational Checking | n/a | n/a | None/None |
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:
Set up a VISA Debit and Credit Card with your checking account. You can use it as a line of credit accessible by card or home banking.
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 Balance | APY* | Div Rate | Monthly Fee |
|---|---|---|---|---|
| SEP | $25 | .20% | .20% | None |
| SEP | $5000 | .20% | .20% | None |
| SEP | $20,000 | .25% | .25% | None |
| Term | APY* | Div Rate |
|---|---|---|
| < 12 months | 2.00% | 1.98% |
| 12 months | 2.25% | 2.23% |
| 18 months* | 2.30% | 2.28% |
| 24 months | 2.45% | 2.42% |
| 36 months | 2.47% | 2.50% |
| 48 months | 2.60% | 2.57% |
| 60 months | 2.65% | 2.62% |
| 84 months | 2.65% | 2.62% |
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.
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 Balance | APY* | Div Rate | Monthly Fee |
|---|---|---|---|
| $25 | .10% | .10% | $10 |
| $2,500 | .45% | .45% | $10 |
| $10,000 | .55% | .55% | $10 |
| $25,000 | .65% | .65% | $10 |
| $50,000 | .80% | .80% | $10 |
| $100,000 | .90% | .90% | $10 |
| $250,000 | 1.00% | 1.00% | $10 |
Brian Frandsen
AVP Commercial Lending
801-288-3034
BrianF@granite.org
Jodi Gillis
Business Loan Analyst
801-288-3052
JodiG@granite.org
Jill Angus
Business Specialist
801-288-3042
JillA@granite.org
Skeeter Johnson
Business Loan Orginator
801-288-3059
SkeeterJ@granite.org