Business checking and savings accounts
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 | |
|---|---|
| Best for | Small nonprofits or churches with simple money management needs (less than 200 items per month) |
| Earns dividends | Yes |
| Earnings credit1 | No |
| Monthly Maintenance fee | $10; fee is waived if you maintain the daily balance of $250 |
| Debit fee | Free for up to a combination of 200 credits (deposits), debits (withdrawals) and deposited items; $0.30 per item over 200 |
| Deposit item Fee | Same as debit fee |
| Credit Fee | Same as debit fee |
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 Rewards Checking | |
|---|---|---|
| Best for | Small for-profit businesses with simple money management needs | Sole proprietors |
| Earns dividends | No | No |
| Earnings credit1 | No | No |
| Monthly Maintenance fee | $10; fee is waived if you maintain a daily balance of $250 | N/A |
| Free transactions per month | 200 | 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 | N/A |
| Deposit item fee | Same as debit fee | N/A |
| Credit fee | Same as debit fee | 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 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 Credit Union. TCU 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 TCU) |
| Minimum Balance to Earn Dividends | $25 |
| Monthly Service Fee | $0 |
| ATM Use | Yes, with a business checking account as your primary account. |
| Dividends | Compounds daily credited monthly |
TFCU Business Membership Account rates
| Minimum Balance to Obtain APY ($) | Dividend Rate2 (%) | APY2 (%) |
|---|---|---|
| 25.00 – 4,999.99 | 0.30 | 0.30 |
| 5,000.00 – 9,999.99 | 0.30 | 0.30 |
| 10,000.00 – 24,999.99 | 0.40 | 0.40 |
| 25,000.00 – 49,999.99 | 0.50 | 0.50 |
| 50,000.00 – 99,999.99 | 0.80 | 0.80 |
| 100,000.00 and up | 1.00 | 1.01 |
1 The TFCU Business Membership account is a requirement for membership in Thrivent 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 | $0 |
| ATM Use | Yes, with a business checking account as your primary account. |
| Dividends | Compounds daily credited monthly |
Simply Business Savings Account rates
| Minimum Balance to Obtain APY ($) | Dividend Rate1 (%) | APY1 (%) |
|---|---|---|
| 25.00 – 4,999.99 | 0.30 | 0.30 |
| 5,000.00 – 9,999.99 | 0.30 | 0.30 |
| 10,000.00 – 24,999.99 | 0.40 | 0.40 |
| 25,000.00 – 49,999.99 | 0.50 | 0.50 |
| 50,000.00 – 99,999.99 | 0.80 | 0.80 |
| 100,000.00 and up | 1.00 | 1.01 |
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. |
| 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 (%) |
|---|---|---|
| 25.00 – 9,999.99 | 0.75 | 0.75 |
| 10,000.00 – 49,999.99 | 1.09 | 1.09 |
| 50,000.00 – 99,999.99 | 1.49 | 1.49 |
| 100,000.00 – 249,999.99 | 1.98 | 1.98 |
| 250,000.00 – 999,999.99 | 2.08 | 2.08 |
| 1,000,000.00 and up | 2.18 | 2.18 |
Business Money Market Account Rates
| Minimum Balance to Obtain APY ($) | Dividend Rate2 (%) | APY2 (%) |
|---|---|---|
| 2,500.00 – 4,999.99 | 0.60 | 0.60 |
| 5,000.00 – 9,999.99 | 0.60 | 0.60 |
| 10,000.00 – 24,999.99 | 0.90 | 0.90 |
| 25,000.00 – 49,999.99 | 1.00 | 1.01 |
| 50,000.00 – 99,999.99 | 1.29 | 1.30 |
| 100,000.00 and up | 1.49 | 1.50 |
1 The TFCU Business Membership account is a requirement for membership in Thrivent 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.
Business Share Certificates1,3
Thrivent 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 | 1.98 | 2.00 |
| 6 Month | 2.57 | 2.60 |
| 7 Month3 | 4.643 | 4.753 |
| 9 Month | 2.71 | 2.75 |
| 12 Month | 3.44 | 3.50 |
| 18 Month | 3.20 | 3.25 |
| 24 Month | 2.96 | 3.00 |
| 30 Month | 2.96 | 3.00 |
| 36 Month | 2.96 | 3.00 |
| 48 Month | 3.05 | 3.10 |
| 60 Month | 3.15 | 3.20 |
1 The TFCU Business Membership account is a requirement for membership in Thrivent 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 Limited special 7-Month Business Share Certificate. This special has a $5,000 minimum balance to open the certificate. To earn the stated Annual Percentage Yield (APY) the account must be funded with all new money which means the deposit must be from another financial institution (transfers between Thrivent Credit Union accounts will not qualify). Funds deposited into a TCU account from an external source no more than 14 calendar days prior to the application date will be considered new money. At maturity, the 7-Month Business Share Certificate will automatically renew into a 6-month term at the current offered rate if no action is taken. Penalty for early withdrawal. Fees could reduce earnings. TCU reserves the right to end or modify this offer at any time. This special certificate is not available online, please call 800-688-6032 to open.