Business Savings & Money Management Accounts

From working capital to excess funds that can earn interest, a CommonWealth One business savings account puts your business cash to work. 

Basic Savings Account

This account pays you interest, so you can use it to hold funds until you decide on other investment strategies.

Certificate Savings

For a higher rate of return, based on term of certificate selected, choose a Certificate Savings account.
 

Money Management Accounts

These accounts have tiered savings levels that pay higher returns as your balance increases. It's a great way to put your funds to work without tying them up, so you can enjoy easy access.

For details on our business deposits or to open an account, contact our Business Services Specialists.

Emmanuel Obe
(703) 236-7635
eobe@cofcu.org

Important! The above email addresses are not a secure means of communication. Do not send personal information such as your full account number, date of birth, or social security number, inquiries about specific account information, or request changes to your account record. For these purposes, log in to Online Branch and click on the secure Contact Us link.

Business Savings & Money Management Account Rates

  Effective: October 1, 2017
Balance Tiers (Portion of Balance) Annual Percentage Yield (APY) Range Dividend Rate
Business Savings Rates $0 but less than $2,500.00 0.05% 0.05%
$2,500.00 but less than $10,000.00 0.05% - 0.07% 0.07%
$10,000.00 but less than $25,000.00 0.07% - 0.07% 0.08%
$25,000.00 but less than $50,000.00 0.07% - 0.08% 0.09%
$50,000.00 and over 0.08% - 0.10% 0.10%
Business Money Management Accounts $0 but less than $2,500.00 0.08% 0.08%
$2,500.00 but less than $10,000.00 0.08% - 0.12% 0.13%
$10,000.00 or more 0.12% - 0.18% 0.18%

Business Share / IRA Certificate Rates

Term Minimum Deposit Annual Percentage Yield (APY) Dividend Rate
6-month $500 0.31% 0.31%
12-month $1,000 0.45% 0.45%
15-month $250 0.40% 0.40%
18-month $1,000 0.45% 0.45%
24-month $1,000 0.90% 0.90%
36-month $1,000 1.31% 1.30%
48-month $1,000 1.66% 1.65%
60-month $1,000 1.71% 1.70%

Disclosures

  • Rates are subject to change at any time.
  • Rates are variable and subject to change at any time, including after account opening.
  • The minimum balance to open each share type and to avoid fees can be found in the Truth and Savings Disclosure.
  • Fees may reduce earnings.
  • Members will forfeit dividends if they close an account before accrued dividends are credited.
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