Happy Member Loyalty Payout Day!

Fraud Alert: Please be aware that fraudulent text messages requesting personal information have been reported and received by both members and non-members in our service areas. Educators Credit Union will never ask for your personal information through an email, text message or an outgoing call to you. DO NOT click on any text message links or provide any personal or financial information.

Business Savings

Savings accounts to help you meet your business goals.

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Perks and Benefits

  • Alerts

    eStatements & E-Alerts

    Get your statement emailed to you quarterly and set up e-alerts with Mobile Banking.

  • Credit Report

    Low or No Minimum Balance

    Most savings accounts have a minimum balance requirement of $5 or less.

  • Direct Deposits

    Direct Deposits

    Start receiving interest on your earnings as soon as possible by using direct deposit.

  • Percentage

    Competitive Rates

    Our savings accounts are designed to benefit you. Receive returns on your money with most Educators savings accounts.

  • 24/7 Access

    24/7 Access

    Online Banking and Mobile Banking give you the power to manage your account on your time. Check your balance, make deposits with FlashCash and more.

  • Dollar Bill

    Member-Owner Status

    With just $5 in your Prime Share Savings account, you become a member-owner of Educators Credit Union.

Compare Your Options

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  • Minimum opening balance

    Minimum opening balance

  • Activation or monthly fees

    Activation or monthly fees

  • Direct Deposits

    Direct Deposits

  • ATM Card

    ATM Card

  • Number of withdrawals

    Number of withdrawals

  • Terms

    Terms

  • Interest rate increases

    Interest rate increases

Prime Share Savings Account

  • Minimum opening balance

    $5

  • Activation or monthly fees

    $0

  • Direct Deposits

    YES

  • ATM Card

    YES

  • Number of withdrawals

    No Limit

  • Terms

    N/A

  • Interest rate increases

    Interest is earned when the balance is $100 or more

High Yield Money Market Accounts1

  • Minimum opening balance

    $1,000

  • Activation or monthly fees

    $01

  • Direct Deposits

    YES

  • ATM Card

    NO

  • Number of withdrawals

    No Limit

  • Terms

    N/A

  • Interest rate increases

    Interest rate increases automatically as your savings balance grows to levels of $2,500, $10,000, $25,000 and $50,000

Premium Money Market Account2

  • Minimum opening balance

    $10,000

  • Activation or monthly fees

    $0

  • Direct Deposits

    YES

  • ATM Card

    NO

  • Number of withdrawals

    No Limit

  • Terms

    N/A

  • Interest rate increases

    Interest rate increases automatically as your savings balance grows to levels of $10,000, $100,000 and $250,000

Share Certificates3

  • Minimum opening balance

    $500

  • Activation or monthly fees

    $02

  • Direct Deposits

    NO

  • ATM Card

    NO

  • Number of withdrawals

    No Limit

  • Terms

    91 days to 5 years

  • Interest rate increases

    Competitive dividend rate fixed throughout the term. Add-on options offer the opportunity to add additional funds of $500 or more to the certificate.

Opening an Account

Do you own a small business in our 11-county service area: Dane, Green, Jefferson, Kenosha, Milwaukee, Ozaukee, Racine, Rock, Walworth, Washington or Waukesha counties? You are eligible to open a business savings account with Educators Credit Union!

To open a business savings account, please visit any Educators Credit Union branch.

To open any business savings account you must have:

Your Social Security Number or Individual Tax Identification Number.
An official document with your Employer Identification Number.
All signers, including any owner with 25% or more interest, will need to provide personally identifiable information (PII) to establish the account. PII includes Name, Address, Date of Birth, Social Security Number and Valid ID with current address.

Business documentation:
For Corporations: Articles of Incorporation.
For Limited Liability Companies (LLC): Articles of Organization.
For Partnerships: Partnership Agreement.
For Tax-Exempt Organizations: Organizational Bylaws or Meeting Minutes.

A $5 minimum deposit that represents your ownership share of the credit union.

Types of Savings Accounts and Add-Ons

Prime Share Savings Account

A Prime Share Savings account is the base account needed to become a member of Educators. Just deposit $5, which represents one share (and your ownership) in the credit union. You’ll now be able to use all of Educators services! Interest is earned on the Prime Share Savings account when your balance is $100 or more.

Visit an Educators location to open your business savings 

woman holding piggybank

Other Special Savings Accounts

Special Savings accounts can be set up for any purpose. No minimum balance is required and interest is earned when the balance in the account is $100 or more. You can open a Special Savings account and rename these accounts as Holiday, Summer Pay or Vacation Club account. Ask any Member Finance Representative for more information on these options.

Contact us or open a new special savings in Online Banking.

couple on vacation

Share Certificate Add-On Options

Some of the Educators Share Certificates have Jump-up or Add-on options.

The Add-on option allows you to add to the value of your Share Certificate by depositing a minimum of $500 to your Share Certificate at any time. The new money you add starts earning dividends the same day you make the deposit.

woman reviewing paperwork

Ready to meet your business savings goals?

Open An Account Today.

Find the nearest branch

Disclosures

1There is a $10 monthly fee if the balance drops below $1,000. Fees can reduce earnings.
2If the Premium Money Market Account goes below $10,000, the share will be closed and the money will be transferred to an account indicated by the member.
3Penalties apply for early withdrawals, which may reduce earnings.