Salal Credit Union

Business Deposit Rates

The deposit information below is effective as of December 5th, 2019. 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.

CLICK HERE to see a comparison of Salal’s Business Deposit Accounts.

 

Business Checking Account

AccountMinimum Daily Balance RequirementRateAPY
$250 minimum opening balance for Basic Business.
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%

Business Savings Account

AccountMinimum Daily Balance RequirementRateAPY*
$250 minimum opening balance.
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%

Business Money Market Account

AccountMinimum Daily Balance RequirementRateAPY
$2,500 minimum opening balance.
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%

Business Share Certificate

AccountMinimum Daily Balance RequirementRateAPY*
$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 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%

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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