Business Savings options
Whether your are looking for a basic savings account for your daily business needs or want to earn an higher rate as you save for a specific expenses, we have the right option for you.
|Monthly Minimum Balance Fee
||1 free withdrawal per quarter, $7.50 each thereafter
View Our Rates
At our discretion, dividend rates are subject to change on the first business day of each week and the first business day of each month (unless otherwise noted).
Trade-Up Your Certificate
SPIRE offers a unique, ‘Trade-Up Your Certificate’ program, which allows you to take advantage of rising interest rates.
You have the option to trade any existing Certificate to a new Certificate of equal or greater term. There is no limit to the number of times you can trade up. A fee of 1% of the principal balance of the existing Certificate will be imposed on each trade-up.
Dividends can be paid to the Certificate, Share Savings Account, Money Market Savings Account or Checking Account. All dividends are calculated daily and paid quarterly. Actual payment is at calendar quarter end and at maturity.
See current Business Fee Schedule for additional information
Truth in Savings
*Regulation D requires that during any calendar month you may not make more than six withdrawals or transfers from your savings account to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction. Transactions governed by Regulation D include, but are not limited to: automatic transfers from savings to checking for overdraft protection, automatic transfers from saving to any other account, telephone transfers from savings to any other account (including transfers made using Telephone Banking and the fax machine,) preauthorized payments from savings, transfers from savings to any other account using Personal Access Home Banking.
Regulation D allows unlimited transfers to withdrawals from a saving account when made by mail, messenger, ATM, or in person, or when such withdrawals are made by telephone provided a check is mailed to the member. Transfers to repay loans at the credit union and to pay safe deposit box rent are also unlimited.