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Open a business checking or savings account

As an entrepreneur, you know all about putting your heart and soul into your business. What's important to you is a priority to us. We offer products that keep your best interests at the forefront of your company's financial journey. Competitive fees and easy-to-use digital banking tools can help keep your costs down and profitability up.

Checking account options

All of our accounts come with unique features and benefits, competitive monthly fees and convenient online access. Compare account features and find the option that's right for you.

  Community Checking Community Plus Checking
Best for Small nonprofits or churches with simple money management needs (less than 200 items per month) Medium-sized nonprofits or churches. As your business grows, so does your need for a more sophisticated checking account.
Earns dividends Yes Yes
Earnings credit1 No Yes
Monthly Maintenance fee $10; fee is waived if you maintain the daily balance of $250 $20
Debit fee Free for up to a combination of 200 credits (deposits), debits (withdrawals) and deposited items; $0.30 per item over 200 $0.17
Deposit item Fee Same as debit fee $0.11
Credit Fee Same as debit fee $0.30

Dividend rates and annual percentage yields (APY) are variable and subject to change after the account is opened. Fees could reduce earnings.

1 An earnings credit may offset service charges. If total service charges are more than the earnings credit, your account is charged the difference. The earnings credit is based on the average collected funds less 10% mandatory reserve requirement. The Federal Funds' rate on the last Monday of the month determines the earnings credit rate.

  Business Checking Business Plus Checking Business Rewards Checking
Best for Small for-profit businesses with simple money management needs Medium-sized businesses. As your business grows, so does your need for a more sophisticated checking account. Sole proprietors
Earns dividends No No No
Earnings credit1 No Yes No
Monthly Maintenance fee $10; fee is waived if you maintain a daily balance of $250 $20 N/A
Free transactions per month 200 N/A N/A
Debit fee Free for up to a combination of 200 credits (deposits), debits (withdrawals) and deposited items; $0.30 per item over 200 $0.17 N/A
Deposit item fee Same as debit fee $0.11 N/A
Credit fee Same as debit fee $0.30 N/A

1 An earnings credit may offset service charges. If total service charges are more than the earnings credit, your account is charged the difference. The earnings credit is based on the average collected funds less 10% mandatory reserve requirement. The Federal Funds' rate on the last Monday of the month determines the earnings credit rate.

We know how important saving and preparing for the future is to you and your business. When your business joins Thrivent Federal Credit Union, you'll open a TFCU Business Membership Account. This account represents your business's part-ownership of the credit union and only requires a minimum of $1.

We offer other savings account options for business owners: Money Market Accounts and Share Certificates. View the features and rates below:

TFCU Business Membership account1

This savings account represents your business’s membership share in this not-for-profit financial cooperative, which makes your business a member-owner of Thrivent Federal Credit Union. TFCU funds the initial $1 required for membership, and then your business must maintain at least the par value of one share ($1) in the credit union.

Features TFCU Business Membership1
Minimum Balance to Open $1 (initial $1 funded by TFCU)
Minimum Balance to Earn Dividends $25
Monthly Service Fee $0
Withdrawals Six free withdrawals or transfers per statement cycle, $10 per transaction thereafter. In-person withdrawals will not be included in the limit of six per statement cycle. This means we will offer unlimited withdrawals provided that they are done in person.
ATM Use Yes, with a business checking account as your primary account.
Dividends Compounds daily credited monthly

TFCU Business Membership Account rates

Minimum Balance to Obtain APY ($) Dividend Rate2 (%) APY2 (%)
25.00 – 4,999.99 0.10 0.10
5,000.00 – 9,999.99 0.10 0.10
10,000.00 – 24,999.99 0.15 0.15
25,000.00 – 49,999.99 0.25 0.25
50,000.00 – 99,999.99 0.30 0.30
100,000.00 and up 0.35 0.35

1 The TFCU Business Membership account is a requirement for membership in Thrivent Federal Credit Union. To maintain membership, a par value of one share ($1.00) must be kept in the account at all times. If the member falls below the par value, they have six months to bring it back to par value.

2 Dividend rates and annual percentage yields (APY) are variable and subject to change after the account is opened. Fees could reduce earnings.

Simply Business Savings

This business savings account, with no monthly fees or minimum balance to open or maintain the account, makes it simple to start saving. Earn dividends with a low $25 balance and take your business savings to the next level. Use this account to build emergency reserves or set aside money for a specific goal.

Features Simply Business Savings
Minimum Balance to Open $0
Minimum Balance to Earn Dividends $25
Minimum Balance Requirement $0
Monthly Service Fee $0
Withdrawls Six free withdrawals or transfers per statement cycle, $10 per transaction thereafter. In-person withdrawals will not be included in the limit of six per statement cycle. This means we will offer unlimited withdrawals provided that they are done in person.
ATM Use Yes, with a business checking account as your primary account.
Dividends Compounds daily credited monthly

Simply Business Savings Account rates

Minimum Balance to Obtain APY ($) Dividend Rate1 (%) APY1 (%)
25.00 – 4,999.99 0.10 0.10
5,000.00 – 9,999.99 0.10 0.10
10,000.00 – 24,999.99 0.15 0.15
25,000.00 – 49,999.99 0.25 0.25
50,000.00 – 99,999.99 0.30 0.30
100,000.00 and up 0.35 0.35

1 Dividend rates and annual percentage yields (APY) are variable and subject to change after the account is opened. Fees could reduce earnings.

Business Money market accounts

Help your savings grow by earning dividends even on a small balance

Features:

  • $25 minimum balance to earn dividends.
  • No service fee.
  • ATM access with checking as a primary account.
  • Monthly statement cycle.
Feature Business Rewards Money Market1 Business Money Market1
Minimum Balance $25 min. to open and earn dividends. $2,500 min. to open and earn dividends.
Number of Transactions 6 free transactions per cycle; $10.00 each thereafter.2 6 free transactions per cycle; $10.00 each thereafter.2
Below Minimum Balance Fee N/A $10 fee will be imposed every month if the daily balance falls below $2,500 any day of the month.

Business Rewards Money Market Account Rates

Minimum Balance to Obtain APY ($) Dividend Rate3 (%) APY3 (%)
0.00 – 24.99 0.00 0.00
25.00 – 999.99 0.05 0.05
1,000.00 – 4,999.99 0.10 0.10
5,000.00 – 9,999.99 0.15 0.15
10,000.00 – 24,999.99 0.35 0.35
25,000.00 – 49,999.99 0.35 0.35
50,000.00 – 99,999.99 0.35 0.35
100,000.00 and up 0.50 0.50

Business Money Market Account Rates

Minimum Balance to Obtain APY ($) Dividend Rate3 (%) APY3 (%)
2,500.00 – 4,999.99 0.05 0.05
5,000.00 – 9,999.99 0.10 0.10
10,000.00 – 24,999.99 0.15 0.15
25,000.00 – 49,999.99 0.25 0.25
50,000.00 – 99,999.99 0.30 0.30
100,000.00 and up 0.35 0.35

1 The TFCU Business Membership account is a requirement for membership in Thrivent Federal Credit Union. To maintain membership, a par value of one share ($1.00) must be kept in the account at all times. If the member falls below the par value, they have six months to bring it back to par value.

2 Unlimited withdrawals may be made from your account, provided these withdrawals are made in person or via an automated teller machine. All other withdrawals or transfers are limited to 6 per month. An excessive transaction fee of $10 per transaction thereafter.

3 Dividend rates and annual percentage yields (APY) are variable and subject to change after the account is opened. Fees could reduce earnings.

Business Share Certificates1

Thrivent Federal Credit Union Certificates are a sound and safe investment option, offering a guaranteed rate of return with no risk. Certificates come with terms from three to 60 months, which allow multiple options to set up certificate ladders to meet your financial goals.

Term Dividend Rate2 (%) APY2 (%)
3 Month 0.35 0.35
6 Month 0.60 0.60
9 Month 0.65 0.65
12 Month 0.85 0.85
18 Month 0.95 0.95
24 Month 1.10 1.11
30 Month 1.19 1.20
36 Month 1.34 1.35
48 Month 1.54 1.55
60 Month 1.74 1.75

Flex Certificates1,3 – $5,000 or more

Term Dividend Rate (%) APY (%)
12 Month 0.75 0.75
18 Month 0.85 0.85
24 Month 0.95 0.95

Unlike a traditional certificate, Thrivent Federal Credit Union's Flex Certificate3 lets you react to whatever direction rates are heading. You can make any one of these choices during the first half of your certificate's term:

Circumstance Option3
If rates go up Bump up the dividend rate to the current higher rate, which will increase your certificate's earning potential.
If rates go down Add at least $500 and not more than $200,000 to your higher-rate certificate (cannot exceed your initial deposit).
Withdrawing funds Withdraw up to half of your funds without penalty (need to maintain a minimum balance of $5,000 after you request a withdrawal).3

1 The TFCU Business Membership account is a requirement for membership in Thrivent Federal Credit Union. To maintain membership, a par value of one share ($1.00) must be kept in the account at all times. If the member falls below the par value, they have six months to bring it back to par value.

2 Dividend will be paid at the disclosed annual percentage yield (APY) until the first maturity date of the certificate. A minimum balance of $1,000.00 for 3, 6, 9, 12, 18, 24, 30, 36, 48 and 60 month terms is required to earn the disclosed annual percentage yield. A penalty may be imposed for early withdrawal. Fees may reduce earnings on the account.

3 You must deposit and maintain $5,000.00 to open the account and to obtain the disclosed APY. If you choose to add a one-time deposit to the certificate, the additional deposit must be at least $500, may not be more than $200,000 and may not exceed the dollar amount of the initial deposit. You may only increase the dividend rate once during the first half of the term of the certificate. Withdrawals up to 50% of beginning balance may only be made once during the first half of the term of the certificate following account opening. If you choose to use the withdrawal option, a balance of $5,000.00 must be kept in the certificate. A penalty may be assessed for early withdrawals other than the withdrawal permitted by the terms of the account contract. Fees could reduce earnings.