Business Rates
Effective as of
Business Checking
Type | APY | Rate | Minimum to Open |
|---|---|---|---|
| Free Business Checking | N/A | N/A | $100.00 |
| Checking with Interest | 0.25% | 0.25% | $100.00 |
| Earning Credit Checking | 0.25% | 0.25% | $100.00 |
Business Savings
Type | APY | Rate | Minimum to Earn APY |
|---|---|---|---|
| Business Savings | 0.10% | 0.10% | $60.23 |
Business Money Market
Balance | APY | Rate | Minimum to Earn APY |
|---|---|---|---|
| $2,500 to $24,999 | 0.20% | 0.20% | $2,500.00 |
| $25,000 to $49,999 | 0.30% | 0.30% | $25,000.00 |
| $50,000 to $99,999 | 0.40% | 0.40% | $50,000.00 |
| $100,000 to $249,999 | 0.55% | 0.55% | $100,000.00 |
| $250,000 to $999,999 | 0.75% | 0.75% | $250,000.00 |
| Over $1,000,000 | 1.00% | 1.00% | $1,000,000.00 |
Business Premier Money Market1
Balance | APY | Rate | Minimum to Earn APY |
|---|---|---|---|
| $50,000 to $99,999 | 2.25% | 2.23% | $50,000.00 |
| $100,000 to $249,999 | 2.50% | 2.48% | $100,000.00 |
| $250,000 to $999,999 | 2.75% | 2.72% | $250,000.00 |
| Over $1,000,000 | 3.40% | 3.35% | $1,000,000.00 |
Business Certificates2
Term | APY | Rate | Minimum to Open |
|---|---|---|---|
| 3-Month | 1.00% | 0.98% | $100.00 |
| 6-Month | 1.00% | 0.98% | $100.00 |
| 8-Month | 4.00% | 3.87% | $100.00 |
| 11-Month++ | 4.00% | 3.87% | $100.00 |
| 1-Year | 1.25% | 1.23% | $100.00 |
| 18-Month | 3.00% | 2.92% | $100.00 |
| 2-Year | 1.50% | 1.47% | $100.00 |
| 25-Month | 3.25% | 3.16% | $100.00 |
| 3-Year† | 1.75% | 1.71% | $100.00 |
| 40-Month | 3.10% | 3.01% | $100.00 |
| 4-Year | 2.00% | 1.95% | $100.00 |
| 5-Year | 2.25% | 2.20% | $100.00 |
Disclosures:
APY = Annual Percentage Yield. Dividend rates on savings and checking accounts may change after the account is opened. Rates and terms are subject to change without notice.
1 The 6-month introductory rate equates to 184 calendar days from the day of account opening. The minimum average monthly balance required to earn the introductory rate for this account is $50,000. Average monthly balances under $50,000 will not earn dividends or the introductory rate. Members with a current or prior Business Premier Money Market Account are not eligible for an introductory rate. Only new first-time Business Premier Money Market Accounts will receive the introductory rate. This account may be charged up to 6 NSF/UCF per calendar month. If more than 6, additional NSF/UCF per month will be waived. Rates and terms are subject to change without notice. Rates may change after the account is opened.
2 APY measures the total amount of dividends a credit union pays on an account based on the dividend rate and the frequency of compounding. APY is expressed as an annualized rate, based on a 365-day year (366-day year in a leap year), regardless of the actual term. APY assumes all dividends remain in the certificate until maturity. Penalty may apply for early withdrawals from Term Certificates. Fees could reduce earnings on the account. If the certificate rate increases within (5) five calendar days of the account opening, your certificate will earn the higher rate from the date the higher rate went into effect until the certificate’s maturity date. Only once may your rate increase. The dividend rate and annual percentage yield may increase. At renewal, your certificate will earn the rate on the day of maturity regardless of any future rate change.
† At maturity, this certificate will renew automatically as a 3-Year Term Certificate at the APY then in effect. Penalty may apply for early withdrawals; the rate is subject to change without notice.
++ Opening balance must be $100 or more and must be New Money. New money is defined as deposits from another institution not previously held by any accounts at Jovia Financial Credit Union. If funds are sent from an existing Jovia account, they will be transferred back to the originating account. Rates are subject to change without notice. APY measures the total amount of dividends a credit union pays on an account based on the dividend rate and the frequency of compounding. APY is expressed as an annualized rate, based on a 365-day year (366-day year in a leap year), regardless of the actual term. APY assumes all dividends remain in the certificate until maturity. Withdrawals will reduce earnings. Penalties may be imposed for early withdrawal. Penalty-free withdrawals for tuition and home purchases only. Penalties are not waived for IRA certificates for tuition and home purchases. No Credit Union penalties on withdrawals on IRA for normal IRA distributions. Consult a tax advisor regarding tax penalties for IRA withdrawals before age 59 ½. Penalties and fees may reduce earnings on accounts. Ask for details. If the certificate rate increases within (5) five calendar days of the account opening, your certificate will earn the higher rate from the date the higher rate went into effect until the certificate’s maturity date. Only once may your rate increase. The dividend rate and annual percentage yield may increase. At renewal, your certificate will earn the rate on the day of maturity regardless of any future rate change. This certificate will automatically renew at maturity to our basic 6-month Term Certificate. Credit union Penalties are not applicable on CESA accounts for tuition purchases.