Make your business savings work harder, not harder to manage.
Every business needs a safe place to keep funds not used in daily operations. A Firefighters First Credit Union Business Savings Account has no monthly fees, earns dividends regularly, and connects seamlessly to your Firefighters First Credit Union Business Checking for easy transfers. Business membership is required, and deposits are federally insured by the NCUA.
Business savings account at a glance.
Here is a quick look at the key details before you open a Business Savings Account so you can plan your commitment with confidence.
| Features | Details |
|---|---|
| Monthly Maintenance Fee | None |
| Minimum Balance Requirement | $5 minimum balance is required to maintain a Regular Savings account. |
| Dividends | Competitive yield, credited regularly |
| Works With | Business Checking Account |
| Insurance | Federally insured by NCUA |
Put your larger balances to work without locking them away.
Balances of $2,500 or more earn a higher tiered APY* that grows automatically with your balance. Fully liquid and accessible through Online Banking, the FireFirstCU mobile app, checks and ATMs. No commitment required.
Lock in a guaranteed rate on funds you’re setting aside for future use.
Commit a fixed amount for a term of 6 months to 5 years and earn a guaranteed dividend rate that is typically higher than a savings or money market account. Minimum balance starts at $1,000 with dividends compounded monthly.
Everything you need to know about business savings account.
Is there a minimum balance to open a Business Savings Account?
Yes. A $5 minimum balance is required to open or maintain the account, and no minimum monthly balance requirement.
Are there any monthly fees?
No. The Business Savings Account has no monthly maintenance fees.
How does the Business Savings Account work with Business Checking?
The two accounts are designed to work together. You can transfer funds between your Business Checking and Business Savings accounts easily through Online Banking or the FireFirstCU Mobile App, giving you flexible control over your business cash flow.
How often are dividends credited?
Dividends will be compounded monthly and will be credited monthly. Contact the Business Services Team or visit the Business Rates page for the current rate and crediting schedule.
Do I need a business membership to open this account?
Yes. Business membership with Firefighters First Credit Union is required before any business account can be opened. Contact the Business Services team if you need help getting set up.
Are my funds insured?
Yes. All Firefighters First Credit Union deposit accounts are federally insured by the NCUA up to $250,000 per member, per ownership category.
* APY = Annual Percentage Yield.
The Business Savings Account earns a variable dividend rate subject to change without notice. Fees could reduce earnings on the account. No monthly maintenance fee. $5 minimum balance is required.
Federally insured by NCUA.
View the Business Schedule of Fees »