Most commercial banks pay negligible rates on business deposit accounts. First Community Credit Union structures business savings differently — because business members are owners, not customers, and the cooperative model returns dividends on every dollar held. From the foundational Business Share Savings account to high-yield certificates and tiered money market products, your reserves earn while they wait.
Whether you're building a tax reserve, managing payroll float, holding escrow funds, or laddering certificates to capture rate advantages, First Community Credit Union has a savings structure designed around how businesses actually manage liquidity.
First Community Credit Union offers five business savings products: Business Share Savings (required membership account, $5 minimum), Business Money Market (tiered dividends, up to 3 tiers based on balance), Nonprofit Savings (no fees for 501(c)(3) organizations), Escrow Accounts (segregated funds for real estate, legal, and property management), and Business Share Certificates (fixed-rate, terms from 3 to 60 months, $1,000 minimum). All accounts are federally insured by the NCUA up to $250,000 per ownership category. Business members carry full ownership benefits, including profit-sharing through dividend distributions. NMLS #489352.
Current dividend rates across all business savings products — updated regularly to reflect competitive market conditions.
| Product | Minimum Balance | APY | Monthly Fee | Key Feature |
|---|---|---|---|---|
| Business Share Savings | $5 | 0.25% | $0 | Membership requirement; enables all other products |
| Business Money Market — Tier 1 | $2,500 | 0.65% | $12 (waived at min balance) | Balances $2,500–$24,999 |
| Business Money Market — Tier 2 | $25,000 | 1.20% | $0 | Balances $25,000–$99,999 |
| Business Money Market — Tier 3 | $100,000 | 1.85% | $0 | Balances $100,000+ |
| Nonprofit Savings | $0 | 0.30% | $0 | Tax-exempt orgs; no minimums |
| Escrow Account | Varies by agreement | 0.25% | Setup fee may apply | Segregated funds; dual-auth available |
| Business Certificate — 6 Month | $1,000 | 4.25% | $0 | Fixed rate; 90-day early withdrawal penalty |
| Business Certificate — 12 Month | $1,000 | 4.85% | $0 | Fixed rate; most popular term |
| Business Certificate — 24 Month | $1,000 | 4.60% | $0 | Fixed rate; 180-day early withdrawal penalty |
| Business Certificate — 60 Month | $1,000 | 4.30% | $0 | Long-term lock; 180-day early withdrawal penalty |
APY = Annual Percentage Yield. Rates subject to change without notice. Penalties apply for early certificate withdrawal. Federally insured by NCUA.
Every business that banks with First Community Credit Union opens a Business Share Savings account. That $5 deposit isn't a formality — it's the ownership stake that makes your business a member of the cooperative. From that foundation, your business can access every product the credit union offers: checking, lending, merchant services, and digital banking.
The Business Share Savings account earns dividends from the first dollar and carries no monthly service fee. There's no requirement to maintain any balance beyond the $5 membership share. It functions as a secondary account alongside your business checking — a place to park short-term liquidity, receive direct deposits, or stage funds before moving them to higher-yield products.
The Small Business Administration's guidance on financial management for small businesses recommends maintaining dedicated savings reserves separate from operating funds — see SBA.gov business finance resources for context on best practices.
The Business Money Market account is designed for businesses that maintain meaningful operating reserves. Unlike a standard savings account that pays one rate regardless of balance, the Business Money Market tiers upward — rewarding larger balances with higher dividend rates.
Three tiers cover the range from $2,500 to $100,000 and above. The account allows up to six withdrawals per statement cycle, making it appropriate for operating reserves, tax payment staging, and working capital that needs to stay accessible while still earning. There are no transaction fees within the allowed withdrawal limits, and the account links directly to your business checking for easy transfers via online banking.
When you know funds won't be needed for a defined period, certificates deliver the highest guaranteed dividend rates in the First Community Credit Union savings lineup.
Short-term parking for surplus funds. Earn above money market rates with a minimal commitment. Ideal for quarterly tax staging.
4.25% APY. Balances seasonal cash flow cycles while earning meaningfully above liquid account rates. $1,000 minimum.
4.85% APY — the highest rate in the business certificate lineup. The most popular term among First Community Credit Union business members. Auto-renews at maturity.
Longer-term commitment for funds with a defined future use — equipment purchases, expansion reserves, or succession planning capital.
A Business Share Savings account at First Community Credit Union is the foundational membership account required for all business members. A minimum $5 deposit establishes your business's ownership stake in the credit union. The account earns dividends, has no monthly fee, and qualifies your business for all other products — checking, loans, merchant services, and lines of credit. As a member-owner, your business participates in the cooperative's profit-sharing structure, receiving benefits through competitive rates and reduced fees.
The Business Money Market account at First Community Credit Union uses a tiered dividend structure — higher balances earn progressively higher rates. Balances from $2,500 to $24,999 earn the Tier 1 rate of 0.65% APY. Balances from $25,000 to $99,999 earn 1.20% APY. Balances of $100,000 and above earn 1.85% APY. The account allows up to six withdrawals per statement cycle. A $12 service fee applies in months the balance falls below $2,500.
Yes. First Community Credit Union offers escrow accounts for business members involved in real estate transactions, legal settlements, property management, and contractor agreements. These accounts segregate funds from general operating accounts, provide detailed transaction records for each escrow file, and can be structured with dual-authorization requirements for disbursements. Escrow accounts require a written escrow agreement. Contact the business banking team at (800) 342-8575.
First Community Credit Union business share certificates are available in 3, 6, 12, 18, 24, and 60-month terms. The minimum deposit is $1,000. Rates are fixed for the full term. Early withdrawal penalties: 90 days of dividends on terms under 12 months; 180 days on terms of 12 months or more. Certificates renew automatically at maturity at the then-current rate unless instructions are provided within the 10-day grace period following maturity.
Call (800) 342-8575 or visit a branch. Business savings accounts open in minutes once your Business Share Savings membership account is established.
Open a Business AccountFree checking, premium tiers, nonprofit checking, positive pay fraud protection, and ACH origination for business members.
Commercial term loans, lines of credit, CRE financing, equipment loans, and business credit cards with local underwriting.
SBA 7(a), 504, Express, and Microloan programs. Local processing and guaranteed rates for eligible small businesses.
POS processing, e-commerce gateway, mobile readers, and next-day funding — all integrated with your business checking.
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