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Business


Savings


Make your money work for you.

 

business-savings

AHCU has business savings accounts to help your company manage its cash flow.

Membership Share Account Additional Business Savings Accounts Money Market Account

A business is required to open a membership share account. The $25 minimum deposit into the membership share account establishes membership. In addition, all products and services provided by the credit union become available to the business after the establishment of the membership share account.

  • Minimum balance of $25 – establishes your membership at Anoka Hennepin Credit Union
  • Dividends are compounded and paid quarterly
  • The account balance (including the minimum $25 share deposit) and any accrued dividends will be returned to the business when the account is closed
  • Automatic transfers from checking to savings
  • Direct deposit

There are up to eight additional savings accounts that a business member can open for business purposes. You can open a savings account for each business savings purpose.

  • No minimum balance
  • Dividends are compounded and paid quarterly
  • Automatic transfers from checking to savings
  • Direct deposit

The money market account is a safe way to grow your savings and withdraw funds when you need them. The money market account earns a higher dividend rate than regular share accounts.

  • Minimum balance of $2,500 – service charge of $15 per month if balance falls below minimum
  • Dividends paid monthly
  • The dividend rate is based on the balance in the account – there are five dividend rate tiers
  • Up to six preauthorized or electronic debt transactions allowed per month
    • Three of the six preauthorized or electronic transactions can be in the form of a check
  • Checks must be written for a minimum of $500 each
  • Unlimited in-person transactions
  • Track transactions, transfer funds, and view cancelled checks online with AHCUdigital

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