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Salal Credit Union

Business Deposit Rates

The deposit information below is effective as of January 22nd, 2021. 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 interest is calculated, and early withdrawal penalties on certificates. Fees can reduce earning on accounts.

 

Business Savings Account

AccountMinimum Daily Balance RequirementInterest RateAPY*
BUSINESS SAVINGS
$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%
$25 minimum opening balance.

Business Money Market Account

AccountMinimum Daily Balance RequirementInterest RateAPY
BUSINESS MONEY MARKET$2,500 - $9,9990.01%0.01%
$10,000 - $24,9990.05%0.05%
$25,000 - $49,9990.10%0.10%
$50,000 - $99,9990.13%0.13%
$100,000 - $249,9990.15%0.15%
$250,000 - $499,9990.20%0.20%
$500,000 - $999,9990.25%0.25%
$1,000,000 +0.30%0.30%
$2,500 minimum opening balance.

Business Certificate of Deposit

AccountMinimum Daily Balance RequirementInterest RateAPY*
BUSINESS CHOICE TERM
6-18 MONTHS
$500 - $9,9990.03%0.03%
$10,000 - $24,9990.05%0.05%
$25,000 - $49,9990.07%0.07%
$50,000 - $99,9990.10%0.10%
$100,000 - $249,9990.13%0.13%
$250,000 - $499,9990.15%0.15%
$500,000 - $999,9990.17%0.17%
$1,000,000 +0.20%0.20%
$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. Interest is calculated and compounded monthly. A penalty may be imposed for early withdrawal.

Business Cash Management

AccountMinimum Daily Balance RequirementInterest RateAPY
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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