Business Savings Accounts

Find the Educators savings account to help you meet your business goals.

Visit an Educators location

Features

Member-Owner Status

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

Low or No Minimum Balance

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

Competitive Rates

No matter what you’re saving for, with our different savings accounts options, you receive returns.

Anytime Access

Log into your account online or with your smartphone to check your balance, make deposits with FlashCash, and more.

Direct Deposits

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

eStatements & E-Alerts

Get your statement quarterly via email and receive e-alerts on the account activities of your choosing¹.

Compare Savings Account Types

	Prime share Savings Account	High Yield Money Market Accounts	Share Certificates
Minimum opening balance	$5	$1,000	$500
Activation or monthly fees	$0	$0¹	$0
Direct Deposits	YES	NO	NO
Anytime Access	YES	YES	YES
ATM Card	YES	NO	NO
Number of withdrawals	No Limit	No Limit	No Limit
Terms	N/A	N/A	Terms from 91 days to 5 years
Interest rate increases	Interest is earned when the balance is $100 or more	Interest rate increases automatically as your savings balance grows to levels of $2,500, $10,000, $25,000 and $50,000	Competitive dividend rate fixed throughout the term (Jump-up options offer one rate adjustment during term of the certificate. Add-on options offer the opportunity to add additional funds of $500 or more to the certificate.)

More Detailed Information

Rates

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.

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.

SHARE CERTIFICATE JUMP-UP AND ADD-ON OPTIONS

Some of the Educators Share Certificates have Jump-up or Add-on options. The Jump-up option allows you to request a rate increase when our rates increase once during the term of your Share Certificate. You will receive the higher rate for the remaining term of the certificate.

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.

Check out the Share Certificate rates to see which certificates offer the Jump-up and Add-on options.

Account Opening

To open any business account you must have:

Sole Proprietor – Proof of EIN (if applicable)
Partnership – Proof of EIN and Partnership Agreement*
Corporation – Proof of EIN and Articles of Incorporation*
LLC – Proof of EIN and Articles of Organization*
Tax Exempt Club/Donation – Proof of EIN and Proof of Nonprofit/Tax Exempt Status

*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 Savings Rates

TYPE	DIVIDEND RATE	APY1	MINIMUM BALANCE REQUIRED TO EARN APY	MINIMUM TO OPEN
Prime Share Savings	0.06%	0.06%	$100.00	$5.00

Questions?

If you have questions about the Business Savings, contact Member Business Lending Program Director, Michelle U. at (262) 321-4476 or stop in at any Educators location for more information.

¹Accounts without eStatements are subject to a $2 monthly fee. Fees may reduce earnings.