Business Savings
Savings accounts to help you meet your business goals.
Perks and Benefits
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eStatements & E-Alerts
Get your statement emailed to you quarterly and set up e-alerts with Mobile Banking.
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Low or No Minimum Balance
Most savings accounts have a minimum balance requirement of $5 or less.
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Direct Deposits
Start receiving interest on your earnings as soon as possible by using direct deposit.
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Competitive Rates
Our savings accounts are designed to benefit you. Receive returns on your money with most Educators savings accounts.
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24/7 Access
Online Banking and Mobile Banking give you the power to manage your account on your time. Check your balance, make deposits with FlashCash and more.
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Member-Owner Status
With just $5 in your Prime Share Savings account, you become a member-owner of Educators Credit Union.
Compare Your Options
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Opening an Account
Do you own a small business in our 11-county service area: Dane, Green, Jefferson, Kenosha, Milwaukee, Ozaukee, Racine, Rock, Walworth, Washington or Waukesha counties? You are eligible to open a business savings account with Educators Credit Union!
To open a business savings account, please visit any Educators Credit Union branch.
To open any business savings account you must have:
Your Social Security Number or Individual Tax Identification Number.
An official document with your Employer Identification Number.
All signers, including any owner with 25% or more interest, will need to provide personally identifiable information (PII) to establish the account. PII includes Name, Address, Date of Birth, Social Security Number and Valid ID with current address.
Business documentation:
For Corporations: Articles of Incorporation.
For Limited Liability Companies (LLC): Articles of Organization.
For Partnerships: Partnership Agreement.
For Tax-Exempt Organizations: Organizational Bylaws or Meeting Minutes.
A $5 minimum deposit that represents your ownership share of the credit union.
Types of Savings Accounts and Add-Ons
Prime Share Savings Account
A Prime Share Savings account is the base account needed to become a member of Educators. Just deposit $5, which represents one share (and your ownership) in the credit union. You’ll now be able to use all of Educators services! Interest is earned on the Prime Share Savings account when your balance is $100 or more.
Visit an Educators location to open your business savings
Other Special Savings Accounts
Special Savings accounts can be set up for any purpose. No minimum balance is required and interest is earned when the balance in the account is $100 or more. You can open a Special Savings account and rename these accounts as Holiday, Summer Pay or Vacation Club account. Ask any Member Finance Representative for more information on these options.
Contact us or open a new special savings in Online Banking.
Share Certificate Add-On Options
Some of the Educators Share Certificates have Jump-up or Add-on options.
The Add-on option allows you to add to the value of your Share Certificate by depositing a minimum of $500 to your Share Certificate at any time. The new money you add starts earning dividends the same day you make the deposit.
Disclosures
1There is a $10 monthly fee if the balance drops below $1,000. Fees can reduce earnings.
2If the Premium Money Market Account goes below $10,000, the share will be closed and the money will be transferred to an account indicated by the member.
3Penalties apply for early withdrawals, which may reduce earnings.