Savings Accounts for Your Business and Employees

Start saving today and get the most from your money


Savings

A simple savings account fit for all types of businesses.

  • No minimum balance or penalties
  • Earns dividends - Click for rate information
  • Access account information and transfer funds using internet or mobile banking
  • Can be used for overdraft protection on your CMCU checking account
  • Up to six electronic withdrawal transfers per month (excluding ATM or in-person withdrawals/transfers)

Calculate Your Savings



Term
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Savings:
Interest:

Open an Account

Money Market

It's a savings account with higher dividends! The more you deposit, the higher your return.

  • Seven rate tier levels that earn you higher dividends as you deposit more money - Click for rate information
  • $2500.00 is required to open an account, that balance does not need to be maintained
  • No monthly fees or penalties
  • Can be used for overdraft protection on your CMCU checking account
  • Up to six electronic withdrawal transfers per month (excluding ATM or in-person withdrawals/transfers)

Certificates

You have worked hard to earn your money, now put your money to work for you. Invest your money in a certificate and earn higher dividends while having peace of mind that your money is safe and secure.

  • 3-60 month terms available
  • Earns higher dividends - Click for rate information
  • Automatically renewable
  • Dividends compound monthly
  • $500 minimum deposit at account opening
  • Open a new certificate and check the current rates through your online banking account

IRA Savings

Explore two great ways to save for retirement or a child’s education—an IRA Savings Account or IRA Certificate. As a business owner, you also have the ability to contribute to your employees' IRA Savings accounts as part of their benefits package. Talk to us for more details.

IRA Savings

Save for your future with tax-free growth or on a tax-deferred basis. An individual retirement account (IRA) can keep your money safe until you're ready to withdraw the funds for retirement or a child's education.

  • Earns dividends that are figured daily and compounded monthly - Click for rate information
  • Tiered rate levels; the more you invest, the more you earn!
  • No monthly or yearly service charge or fees
  • Minimum opening deposit of $25
  • Available IRA Savings accounts include:
    • Traditional IRA
    • SEP IRA
    • Roth IRA
    • Simple IRA
    • Coverdell Education Savings Account
    • Roth & Roth Conversion

IRA Certificates

Invest your money and grow it safely with an IRA Certificate. Earn the steady dividend rate of a certificate with the tax-advantages of an individual retirement account.

  • Earns dividends that are figured daily and compounded monthly
  • Tiered rate levels; the more you invest, the more you earn!
  • No monthly or yearly service charge or fees
  • Minimum opening deposit of $3,000
  • Certificates are automatically renewable; early withdrawal penalty is forgiven if for a qualified distribution reason
  • 10-Day grace period at maturity

Health Savings Account (HSA)

Help ease the pain of health care costs. Make tax-free deposits and withdrawals for qualified medical expenses.

Health Savings
  • Open to individuals and families covered by a high-deductible health insurance plan
  • Direct deposits into HSA are tax-free
  • Earn tax-free dividends while saving for future medical expenses
  • Easy access to your HSA funds with a CMCU HSA debit card
  • Decide how much money to set aside for health care costs (per yearly limits)
  • Employers may contribute to your HSA, but you own the account and the money is yours even if you change jobs
  • At the end of the year, unused funds stay in your account for the next year

Learn More

Additional Products and Services for Businesses

Check out all of your other options you can utilize with CMCU's suite of business products and services! Our business team will work with you individually to ensure you're on track to reaching your business goals.

Ag Loans

We can help you build your farm to its full potential.

Business Loans

Achieve your business goals with loans centered on your business.

Checking

Different checking accounts centered on your business.

Electronic Services

Access your business finances anywhere life takes you.
 
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