Salal Credit Union

Business Deposit Rates

The deposit information below is effective as of May 30th, 2020. Rate = Dividend Rate. APY = Annual Percentage Yield. Rates are subject to change without notice.

Please refer to our Business Membership and Account Agreement and Business Product & Fee Disclosure for additional terms and conditions that apply to your account, including fees, how dividends are calculated, and early withdrawal penalties on certificates. Fees can reduce earning on accounts.

 

Business Checking Account

AccountMinimum Daily Balance RequirementRateAPY
BASIC BUSINESS CHECKING$250 - $9,9990.00%0.00%
$10,000 - $24,9990.05%0.05%
$25,000 - $49,9990.05%0.05%
$50,000 - $99,9990.05%0.05%
$100,000 - $249,9990.05%0.05%
$250,000 +0.05%0.05%
$250 minimum opening balance for Basic Business.

Business Savings Account

AccountMinimum Daily Balance RequirementRateAPY*
BASIC BUSINESS SAVINGS
(non-profits only)
$250 - $9,9990.05%0.05%
$10,000 - $24,9990.10%0.10%
$25,000 - $49,9990.10%0.10%
$50,000 - $99,9990.10%0.10%
$100,000 - $249,9990.10%0.10%
$250,000 +0.10%0.10%
$250 minimum opening balance.

Business Money Market Account

AccountMinimum Daily Balance RequirementRateAPY
BUSINESS MONEY MARKET$2,500 - $9,9990.10%0.10%
$10,000 - $24,9990.15%0.15%
$25,000 - $49,9990.25%0.25%
$50,000 - $99,9990.30%0.30%
$100,000 - $249,9990.40%0.40%
$250,000 - $499,9990.60%0.60%
$500,000 - $999,9990.80%0.80%
$1,000,000 +1.00%1.00%
$2,500 minimum opening balance.

Business Share Certificate

AccountMinimum Daily Balance RequirementRateAPY*
BUSINESS CHOICE TERM
6-18 MONTHS
$500 - $9,9990.15%0.15%
$10,000 - $24,9990.25%0.25%
$25,000 - $49,9990.35%0.35%
$50,000 - $99,9990.40%0.40%
$100,000 - $249,9990.55%0.55%
$250,000 - $499,9990.70%0.70%
$500,000 - $999,9990.90%0.90%
$1,000,000 +1.10%1.11%
$500 minimum opening balance. Up to three additional deposits are allowed during the term with final total not to exceed twice the initial deposit amount. Dividends are calculated and compounded monthly. A penalty may be imposed for early withdrawal.

Business Cash Management

AccountMinimum Daily Balance RequirementRateAPY
IOLTA Pooled$0.01 - $9,9991.00%1.00%
$10,000 - $24,9991.00%1.00%
$25,000 - $49,9991.00%1.00%
$50,000 - $99,9991.00%1.00%
$100,000 - $249,9991.00%1.00%
$250,000 - $499,9991.00%1.00%
$500,000 - $999,9991.25%1.26%
$1,000,000 +1.50%1.51%
Individual Attorney Trust$0.01 - $9,9991.00%1.00%
$10,000 - $24,9991.00%1.00%
$25,000 - $49,9991.00%1.00%
$50,000 - $99,9991.00%1.00%
$100,000 - $249,9991.00%1.00%
$250,000 - $499,9991.00%1.00%
$500,000 - $999,9991.25%1.26%
$1,000,000 +1.50%1.51%

 

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