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.
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Start saving
Jump start your savings
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.
1.75% APY1
Indexed money market
Our indexed money market rate changes when the Fed Funds rate shifts. Open and maintain $5,000 in the account and enjoy the same features of our other money market account.
Start with $5
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.
Additional savings accounts
Other accounts to help you save
Everence Federal Credit Union has a variety of savings options for businesses and self-employed individuals operating their own businesses.
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.
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.
Money markets2
Our money market accounts for businesses earn dividends with limited check-writing privileges. There is no monthly fee if the daily balance does not fall below $2,500. You will receive six free checks or withdrawals each month. Fees apply to additional withdrawals3.
Simplified employee pension2
In addition to individual retirement accounts (IRAs) – traditional, Roth, and educational – Everence Federal Credit Union offers simplified employee pension (SEP) plan accounts for self-employed individuals and businesses.
Open a business savings account
We understand that all businesses have different needs — visit or call one of our offices for more assistance.
To open a SEP, call 800-451-5719 and ask to speak with an IRA representative, or email IRAs@everence.com.
Everence Federal Credit Union
2160 Lincoln Highway E., Suite 20
Lancaster, PA 17602
Call or text: 800-451-5719
F: 717-735-8331
E: infocu@everence.com
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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
1 Annual Percentage Yield (APY) effective 4/1/2019 and applies to first $5,000. Lower APY applies to amounts over $5,000. All APYs are variable based on the Fed Funds Target Rate. Minimum deposit of $5,000 to open account. Fees may apply if balance falls under $5,000 or if monthly transaction limits exceeded. Fees may reduce earnings. Offer limited to one account per tax ID. Offer, including APYs, subject to change without notice.
2 Dividend rates vary according to balance.
3 A $10 fee occurs for each additional withdrawal.