Student Loans
Great Lakes Credit Union has everything you need to help manage your money and plan for the future.
Savings & Money Market Account
Maintain access to your business' funds while letting a competitive interest rate benefit of your bottom line.
Business Savings Account
We are committed to making your banking easier and your funds more accessible. Help your business earn competitive yields on balances of $1,000 or more with this basic savings option.
Effective Date: Friday, September 29, 2023
| Account | Dividend Rate | APY* | How to Open | |
|---|---|---|---|---|
| Business Savings | $1,000 min to earn | 0.010% | 0.01% |
* APY = Annual Percentage Yield. All dividend rates and APY may change at any time, as determined by GLCU Board of Directors. The APYs shown above assume that all principal and dividends remain on deposit for the entire term. Fees could reduce earnings on the above accounts.
**Tier 1: Checking accounts with 0-19 debit card transactions per month will earn 0.05% APY. Tier 2: Checking accounts with 20-39 debit card transactions per month and enrolled in e-statements will earn APY on balances up to $10,000. Tier 3: Checking accounts with 40 or more transactions per month and e-statements will earn APY on balances up to $10,000. The dividend rate may be calculated using two different rates. The dividend rate will appear as a blended APY on your monthly statement.
Business Money Market Account
Whether you are saving for an upcoming purchase, tax payment or protecting your company from emergency situations, this is an ideal account for earning more dividends while maintaining flexibility.
Features:
- Earn daily dividends paid monthly on balances of $2,500 or more
- Receive higher rates for higher balances
- Write up to 6 checks per month
Effective Date: Friday, September 29, 2023
| Balance | Dividend Rate | APY* |
|---|---|---|
| $2,500 min to earn - $9.999 | 0.050% | 0.05% |
| $10,000 - $49,999 | 0.100% | 0.10% |
| $50,000 - $99,999 | 0.150% | 0.15% |
*APY = Annual Percentage Yield. All dividend rates and APY may change at any time, as determined by GLCU Board of Directors. Fees could reduce earnings on the above accounts. Additional account information is provided in separate Account Disclosures. A minimum of $2,500 is required to open the account. You must maintain the minimum average daily balance listed above to earn the stated dividends.
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For information regarding additional fees, please refer to our Business Account Fee Schedule.