Business Deposit Rates
Boost your bottom line with our revenue-producing rates
Sikorsky Credit Union supports businesses of all sizes by offering attractive deposit rates on Savings, Money Market, and Share Certificate accounts.
APY = Annual Percentage Yield. Fees could reduce earnings.
| Term | Minimum Balance to Open | Minimum Balance to Earn APY | Dividend Rate1 | APY |
|---|---|---|---|---|
| 3 Months | $500.00 | $500.00 | 0.90% | 0.90% |
| 6 Months | $500.00 | $500.00 | 1.24% | 1.25% |
| 9 Months | $500.00 | $500.00 | 3.83% | 3.90% |
| 12 Months | $500.00 | $500.00 | 3.93% | 4.00% |
| 12 Months Jumbo | $100,000.00 | $100,000.00 | 4.07% | 4.15% |
| 13 Months | $500.00 | $500.00 | 3.69% | 3.75% |
| 18 Months | $500.00 | $500.00 | 3.54% | 3.60% |
| 24 Months | $500.00 | $500.00 | 3.45% | 3.50% |
| 25 Months | $500.00 | $500.00 | 3.45% | 3.50% |
| 30 Months | $500.00 | $500.00 | 3.40% | 3.45% |
| 33 Months | $500.00 | $500.00 | 3.35% | 3.40% |
| 36 Months | $500.00 | $500.00 | 3.35% | 3.40% |
| 50 Months | $500.00 | $500.00 | 3.20% | 3.25% |
| 60 Months | $500.00 | $500.00 | 3.20% | 3.25% |
* Dividends are calculated using a daily balance method and are paid monthly. Dividends are subject to Credit Union earnings and are officially declared at the end of the dividend period. Please contact a staff member for additional information on applicable fees and terms. The Dividend Rate may change at any time and may change after the account is open. Transaction limitations apply.
1 Dividend Rates on Share Certificates are fixed and will not change until maturity. The Annual Percentage Yield assumes dividends and principal will remain on deposit until maturity. A withdrawal will reduce earnings. Any withdrawal of principal from certificates before maturity will be subject to penalty.
APY = Annual Percentage Yield. Fees could reduce earnings.
| Term | Minimum Balance to Open2 | Minimum Balance to Earn APY | Dividend Rate | APY |
|---|---|---|---|---|
| Business Savings4 | $5.00 | $0.01 | 0.20% | 0.20% |
* Dividends are calculated using a daily balance method and are paid monthly. Dividends are subject to Credit Union earnings and are officially declared at the end of the dividend period. Please contact a staff member for additional information on applicable fees and terms. The Dividend Rate may change at any time and may change after the account is open. Transaction limitations apply.
2 Transaction limitations may apply.
4 Minimum $5.00 balance must be maintained at all times.
APY = Annual Percentage Yield.
| Term (Balances) | Minimum Balance to Open2 | Minimum Balance to Earn APY | Dividend Rate | APY |
|---|---|---|---|---|
| $.01 to $999.99 | $5.00 | $0.01 | 0.40% | 0.40% |
| $1,000 to $9,999.99 | $5.00 | $1,000.00 | 0.50% | 0.50% |
| $10,000 to $24,999.99 | $5.00 | $10,000.00 | 0.75% | 0.75% |
| $25,000 to $49,999.99 | $5.00 | $25,000.00 | 0.85% | 0.85% |
| $50,000 to $74,999.99 | $5.00 | $50,000.00 | 1.00% | 1.00% |
| $75,000 to $99,999.99 | $5.00 | $75,000.00 | 1.24% | 1.25% |
| $100,000 and over | $5.00 | $100,000.00 | 1.49% | 1.50% |
* Dividends are calculated using a daily balance method and are paid monthly. Dividends are subject to Credit Union earnings and are officially declared at the end of the dividend period. Please contact a staff member for additional information on applicable fees and terms. The Dividend Rate may change at any time and may change after the account is open. Transaction limitations apply.
2 Transaction limitations may apply.
APY = Annual Percentage Yield.
| Term | Minimum Balance to Open | Minimum Balance to Earn APY | Dividend Rate | APY |
|---|---|---|---|---|
| Checking Business | $25.00 | |||
| Checking Business Advantage Balances $.01 to $999.99 | $100 | $0.01 | 0.05% | 0.05% |
| Checking Business Advantage Balances $1,000 to $9,999.99 | $100 | $1000.00 | 0.10% | 0.10% |
| Checking Business Advantage Balances $10,000 to $24,999.99 | $100 | $10,000.00 | 0.10% | 0.10% |
| Checking Business Advantage Balances $25,000 to $49,999.99 | $100 | $25,000.00 | 0.15% | 0.15% |
| Checking Business Advantage Balances $50,000 to $74,999.99 | $100 | $50,000.00 | 0.20% | 0.20% |
| Checking Business Advantage Balances $75,000 to $99,999.99 | $100 | $75,000.00 | 0.25% | 0.25% |
| Checking Business Advantage Balances $100,000 and over | $100 | $100,000.00 | 0.25% | 0.25% |
* Dividends are calculated using a daily balance method and are paid monthly. Dividends are subject to Credit Union earnings and are officially declared at the end of the dividend period. Please contact a staff member for additional information on applicable fees and terms. The Dividend Rate may change at any time and may change after the account is open. Transaction limitations apply.
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