While there aren’t many guarantees in business, this is one of them. Reach any business savings goal with fixed-rate earnings for the term you choose.
Key Features
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Competitive, Fixed Rates
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Guaranteed Earnings
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Wide Range of Terms
Competitive, Fixed Rates
Guaranteed Earnings
Wide Range of Terms
- Set aside for future savings goals
- Competitive, fixed rate for length of term
- A wide range of terms available (from 3 months to 5 years)
- Receive higher rates by selecting a longer term
- No setup or maintenance fees
- Flexible options at maturity
- Can ladder share certificates to increase liquidity
- Early withdrawals subject to penalty
- $500 minimum deposit to open
- Federally insured by NCUA up to $250,000
Dividends
Dividend earnings may be reinvested into the share certificate to enhance your total earnings. Or you may choose to have dividends deposited into a savings account or mailed directly to you.
Maturity
Unless specific arrangements are made with a member service representative, certificates will automatically renew at maturity. A statement will be sent out approximately 14 days prior to maturity and there will be a 7-day grace period. This provides convenience for members, and permits members nearly 30 days to change the terms or conditions of the certificate without penalty.
Laddering
A great way to build liquidity into certificates — and to make the most of rate changes — is to ladder your share certificates.
Laddering simply means dividing your money among several certificates, each with an increasingly longer term, instead of putting all your money into one certificate. This way, part of your investment becomes available periodically rather than locking the entire amount for the longest term.
In addition to making funds available if you need them, this gives the opportunity to take advantage of rates that are increasing since you can reinvest the share certificate that matures at the current rate.
Interested in opening a business account with us? We'll make it easy for you! Check out all of the items you will need to bring with you when you come to open your account.
There is a minimum $25 deposit required when opening a business share certificate.
DBA Sole Proprietorship
- Certified Business Registration Certificate
- Proof of EIN or Social Security Number
Need to register your business in Ingham County? Start here.
Need to register your business in Jackson County? Start here.
Need to register your business in Washtenaw County? Start here.
DBA Partnership
- Certified Business Registration Certificate
- Partnership Papers
- Proof of EIN
Need to register your business in Ingham County? Start here.
Need to register your business in Jackson County? Start here.
Need to register your business in Washtenaw County? Start here.
Corporation
- Articles of Incorporation (complete package)
- Proof of EIN
State of Michigan Business Registration for LLCs and Corporations
Limited Liability Company (LLC)
- Articles of Organization
- Operating Agreement or Bylaws
- Proof of EIN
State of Michigan Business Registration for LLC's and Corporations
Non-Profit Corporation
- Articles of Incorporation
- And/or a copy of minutes from their meeting stating who the officers are
- Proof of EIN showing tax exempt
State of Michigan Business Registration for LLC's and Corporations
Club Accounts
- Copy of Bylaws
- And/or copy of minutes from their meeting stating who the officers are
- Proof of EIN showing tax exempt status, if applicable