Smart Saving Solutions for Your Business
Business Savings Account Options & Rates
Build a stronger financial foundation for your business. Explore our range of business solutions designed to help you manage cash reserves, plan for future investments, and earn more on your balance.
| Feature | Business Share | Business Money Market |
|---|---|---|
| Minimum Opening Balance | $25 | $25,000 |
| Minimum Balance to Earn Dividends | $250 | $25,000+ |
| Online Banking | ||
| E-Statements | ||
| Coverage | Up to $500,0006 | Up to $500,0006 |
| Account Type | Dividend Rate | APY |
|---|---|---|
| Business Share | .10%21 | .10%21 |
| Business Money Market (up to $50k) | .80%21 | .80%21 |
| Business Money Market ($50k - $100k) | 1.00%21 | 1.00%21 |
| Business Money Market ($100k - $250k) | 1.25%21 | 1.26%21 |
| Business Money Market ($250k - $500k) | 1.50%21 | 1.51%21 |
| Business Money Market (over $500k) | 2.00%21 | 2.02%21 |
Simple. Smart. Secure.
Low Opening Deposit
Start your business savings account with as little as $25.
Low Minimum Balance
Maintain access to your savings without tying up large amounts of cash.
Earn Dividends
Direct Deposit
Deposit funds directly into your savings or checking.
Multiple Ways To Save
Choose from several business account options to match your business needs.
Free Online Banking
Strong Account Coverage
Your business deposits are federally insured up to $500,000 for peace of mind²¹.
Business Banking On The Go
Online & Mobile Banking⁹
Access your accounts from anywhere.
Mobile Check Deposit
Save time by depositing checks from your phone.
Mobile Wallets
Card Controls
Business Savings FAQ
You have questions. We have answers. See below for a list of our most frequently asked business savings account questions.
Business Savings Accounts are available to business entities of all sizes. Whether you’re a sole proprietor or managing a corporation, R.I.A. FCU offers savings solutions to support your financial goals.
Yes. Opening a Business Savings Account also establishes your organization as a member-owner of R.I.A. FCU. Membership allows your business to access a range of financial products and services tailored for business needs.
No traditional fees apply. However, a $25 deposit is required to establish your membership share with R.I.A. Federal Credit Union at the time of account opening.
Yes. A minimum of $5 must be maintained in the account to fulfill the membership share requirement.
Yes. Business Savings Accounts are dividend-bearing. For current dividend rates and terms, please refer to our rates table or speak with a business banking representative.
Disclaimer
9. Digital Banking Features
- (Mobile Banking) Message and data rates may apply; consult your carrier for further details. Not all mobile devices are supported.
- (Mobile Pay)
- Apple, the Apple logo, iCloud and Apple Pay are trademarks of Apple Inc.
- Google Pay is a trademark of Google LLC. Android, Google Pay and the Google Pay logo are trademarks of Google LLC.
- Samsung Pay is a registered trademark of Samsung Electronics Co., Ltd.
21. Business Savings Account
- APY=Annual percentage Yield. APYs accurate as of the last dividend declaration date. The dividend rate and annual percentage yield (APY) may change at any time. Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. The dividend period for this account is monthly. Fees may reduce earnings on the account. Minimum balance to open account is $5. Minimum daily balance to earn dividends is $250. (Business Money Market) Minimum balance to open account is $25,000. Minimum daily balance to earn dividends and avoid a service fee is $25,000. During any statement cycle, no more than three withdrawals or transfers to another credit union account or to a third party by means of a preauthorized, automatic, or computer transfer or telephonic order or instruction. Exceeding the withdrawal limit may result in fees of $10 per withdrawal, and account closure by the credit union. Deposits are insured up to $500,000 with up to $250,000 in insurance by NCUA and up to $250,000 in insurance by Excess Share Insurance.