Business Accounts & Services
We're here to support your business or organization with a growing suite of business services and experts you can trust. We offer deposit account options for small, mid-size, and large businesses and organizations.
Business Checking
CapEd offers multiple checking options to best suit your business needs, which includes a dividend-bearing account. Regardless of the account you choose, all Business Checking Accounts come with the option of receiving a debit card.
Business Checking Account Rates
| Account Type | Minimum Balance | Dividend Rate | APY1 |
|---|---|---|---|
| Basic | $0.00 | 0.00% | 0.00% |
| Commercial | $5,000 - $24,999.99 | 0.15% | 0.15% |
| $25,000 - $49,999.99 | 0.20% | 0.20% | |
| $50,000 - $249,999.99 | 0.25% | 0.25% | |
| $250,000+ | 0.30% | 0.30% |
Basic Checking
Minimum Balance to Open basic business checking account.
$0.00
Monthly Service Fee for basic business checking account.
$0.00
Number of Transactions for basic business checking account.
150 per month ($0.25 fee for each additional transaction)
Commercial Checking
Minimum Balance to Open commercial business checking account.
$300.00
Minimum Balance to Waive Fee for commercial business checking account.
$5,000.00
Monthly Service Fee for commercial business checking account.
$15.00 (If account balance falls below $5,000.00)
Number of Transactions for commercial business checking account.
300 per month ($0.25 fee for each additional transaction)
Business Money Market Savings
A CapEd Business Money Market Savings account earns higher monthly dividends on your deposits than other CapEd Business accounts. It is a tiered savings account solution for members who need a safe place to keep a larger sum of money. Earn higher dividend rates based on the balance in the account; the more money in the account, the higher the rate. It's a great place to keep money to save for large business expenses or stash money away as an emergency fund.
Business Money Market Savings Account Rates
| Minimum Balance | Dividend Rate | APY1 |
|---|---|---|
| $2,500 - $24,999.99 | 1.49% | 1.50% |
| $25,000 - $49,999.99 | 1.74% | 1.75% |
| $50,000 - $249,999.99 | 2.72% | 2.75% |
| $250,000 - $999,999.99 | 3.15% | 3.20% |
| $1,000,000+ | 3.93% | 4.00% |
Money Market Account
Minimum Balance to Open money market account.
$2,500.00
Minimum Balance to Earn Dividends on money market account.
$2,500.00
Monthly Service Fee for money market account.
$18.00 (If account balance falls below $2,500.00)
Withdrawal Fees for money market account.
$5.00 per withdrawal (Withdrawals under $200.00)
Number of Withdrawals for money market account.
6 per month ($5.00 fee for each additional withdrawal)
Business Savings
With a CapEd Business Savings account you can earn monthly dividends on your deposits. With multiple options for a Business Savings account, you can choose which account would be most beneficial for your business.
Business Savings Account Rates
| Account Type | Minimum Balance | Dividend Rate | APY1 |
|---|---|---|---|
| Basic | $5.00 | 0.05% | 0.05% |
| Commercial | $2,500 - $24,999.99 | 0.15% | 0.15% |
| $25,000 - $49,999.99 | 0.20% | 0.20% | |
| $50,000 - $249,999.99 | 0.25% | 0.25% | |
| $250,000+ | 0.30% | 0.30% |
Basic Savings
Minimum Balance to Open basic business savings account.
$5.00
Monthly Service Fee for basic business savings account.
$0.00
Free Monthly Withdrawals for basic business savings account.
6
Commercial Savings
Minimum Balance to Open commercial business savings account.
$2,500.00
Minimum Balance to Waive Fee for commercial business savings account.
$2,500.00
Monthly Service Fee for commercial business savings account.
$15.00 (If account balance falls below $2,500.00)
Free Monthly Withdrawals for commercial business savings account.
6
Share Certificates
Grow your earnings even more. Select from one of our multiple Share Certificate term options to deposit your funds for a higher return. Rates current as of November 1, 2024.
Promotional Certificates
Minimum Deposit for promotional certificates.
$500.00
Highest Dividend Available for promotional certificates.
4.45% APY2
Shortest Term Available for promotional certificates.
6 Months
Longest Term Available for promotional certificates.
18 Months
| Term | Minimum Deposit | Dividend Rate | APY2 |
|---|---|---|---|
| 6 Months | $500.00 | 4.38% | 4.45% |
| 12 Months | $500.00 | 4.33% | 4.40% |
| 18 Months | $500.00 | 3.80% | 3.85% |
Important Information: All promotional certificates must be opened with funds that are not currently held in a CapEd Credit Union account or that have been deposited to a CapEd Credit Union account less than 30 days.
Standard Certificates
Minimum Deposit for standard certificates.
$500.00
Highest Dividend Available for standard certificates.
2.45% APY2
Shortest Term Available for standard certificates.
6 Months
Longest Term Available for standard certificates.
5 Years
| Term | Minimum Deposit | Dividend Rate | APY2 |
|---|---|---|---|
| 6 Months | $500.00 | 2.33% | 2.35% |
| $10,000.00 | 2.38% | 2.40% | |
| $50,000.00 | 2.43% | 2.45% | |
| 12 Months | $500.00 | 2.28% | 2.30% |
| $10,000.00 | 2.33% | 2.35% | |
| $50,000.00 | 2.38% | 2.40% | |
| 18 Months | $500.00 | 2.23% | 2.25% |
| $10,000.00 | 2.28% | 2.30% | |
| $50,000.00 | 2.33% | 2.35% | |
| 24 Months | $500.00 | 2.18% | 2.20% |
| $10,000.00 | 2.23% | 2.25% | |
| $50,000.00 | 2.28% | 2.30% | |
| 36 Months | $500.00 | 1.84% | 1.85% |
| $10,000.00 | 1.89% | 1.90% | |
| $50,000.00 | 1.94% | 1.95% | |
| 48 Months | $500.00 | 1.74% | 1.75% |
| $10,000.00 | 1.79% | 1.80% | |
| $50,000.00 | 1.84% | 1.85% | |
| 60 Months | $500.00 | 1.49% | 1.50% |
| $10,000.00 | 1.54% | 1.55% | |
| $50,000.00 | 1.59% | 1.60% |
Business eBanking
Enjoy the benefits of Business eBanking to conveniently manage all your accounts. You can also grant your employees access to view or manage your accounts online.
ACH Origination3
- Pay employees with direct deposit.
- Pay vendors.
- Create custom templates.
- Upload existing payee files.
Bill Pay
Conveniently schedule and pay your bills online.
Sweeps
Set a target balance for your checking account and a sweep will automatically move excess cash into a dividend-bearing savings or checking account.
Business Deposits
Remotely and securely deposit your checks directly into your business accounts.
Business Remote Deposits3
- Deposit checks from the convenience of your office with a desktop check scanner.
- Deposit checks to multiple accounts.
Business Mobile Deposit
- Deposit checks from the convenience of your smartphone with the CapEd Mobile Banking App.
- Daily mobile deposit limit is $5,000.
Merchant Services
CapEd has partnered with Fiserv to offer a variety of competitive solutions for credit card processing and payment services.
- No obligation Merchant Services consultation directly with an experienced CapEd employee.
- Complimentary analysis of current statements and fees.
- Competitive merchant payment processing rates, equipment, and solutions.
Business Relations Team
We have an experienced and reliable business relations team to assist you every step of the way from opening your account, to maintenance and more. If you're ready to open a business account, review the Business Account Checklist Opens in new tab. Link is a PDF document. for the required documentation and contact our Business Relations team to get started.
Disclosures
1 APY is Annual Percentage Yield. Rates are accurate as of the last dividend declaration date and may change after the account is opened. Fees or other conditions could reduce the earnings on the account.
2 APY is Annual Percentage Yield. Rates are accurate as of the effective date indicated. Fees or other conditions could reduce the earnings on the account. A penalty may be imposed for withdrawals before maturity. Promotional rates offered for a limited time.
3 Fees apply.
