Business savings
Everence Federal Credit Union offers several types of savings options for businesses. Plus, by joining our credit union, you become a member of a community that encourages integration of faith and finances.
Business Money Market
Jump start your savings
Our business money market account earns dividends to help grow your savings. There is no monthly fee if the daily balance does not fall below $10,000.
| Account type | Balance | APY1 |
|---|---|---|
| Business money market (Tier 1) | Up to $9,999.99 | 2.00% |
| Business money market (Tier 2) | $10,000 to $24,999.99 | 2.50% |
| Business money market (Tier 3) | $25,000 to $99,999.99 | 3.00% |
| Business money market (Tier 4) | $100,000 to $249,999.99 | 3.25% |
| Business money market (Tier 5) | $250,000 to $499,999.99 | 3.50% |
| Business money market (Tier 6) | $500,000 to $999,999.99 | 3.75% |
| Business money market (Tier 7) | Over $1,000,000 | 4.00% |
Additional savings accounts
Other accounts to help you save
Everyone has different savings needs, and business are no different. Everence offers a variety of savings accounts to help meet the goals of your business.
Primary savings
Your share savings account is your starting point and the opening of your membership. After opening a savings account, you can open other types of EFCU accounts and apply for loans.
Club accounts
After opening a primary share savings account, you can set up as many club accounts as you wish, and have them customized to your business needs.
Certificates
Certificates are available in maturities from six to 60 months with minimum balances of $500 to $100,000. Dividends are compounded quarterly. As with most certificates, penalties apply for early withdrawal.
Open a business savings account
Open your membership and business savings account online or through our downloadable application.
Everence Federal Credit Union
2160 Lincoln Highway E., Suite 20
Lancaster, PA 17602
Toll-Free: 800-451-5719
Phone: 717-735-8330
Fax: 717-735-8331
Text: 717-735-8332
Email: infocu@everence.com
Download the app: App Store | Google Play
Find an Everence Federal Credit Union branch, shared branch, or fee-free ATM near you.
Switch to Everence
Why make the switch?
Everence is not just another credit union. We help our members put their values into practice, through mutual aid, community support, and people helping people. We’ve developed ways to make this happen, by integrating unique features into our products and services.
Disclosure
Rates current as of April 1, 2024.
1 APY = Annual Percentage Yield. You must maintain the minimum average daily balance in your account to obtain the disclosed APY. The APY is paid on the average daily balance and is based on the assumption that dividends remain on deposit within the account during the dividend period. The APY is paid on the entire average daily balance and determined by which tier the average daily balance falls within at the dividend period end. Withdrawals will reduce earnings.
A $25 minimum deposit is required to open an account. A $10 fee is incurred when the balance falls below $10,000 a month. Compounding occurs monthly. Offer limited to one account per business tax ID.
Rates are established by the Board of Directors at the end of each month and are subject to change at any time without prior notice. If you close your account before dividends are credited, you will not receive the accrued dividends.