Fair terms for strong growth.

View the latest business interest rates available through Sovita Credit Union below.

Business Savings Account Dividend Rates

These Annual Percentage Yields are effective as of the last dividend declaration date of September 30, 2018.

Account

Minimum Deposit*

Annual Percentage Yield

Annual Dividend Rate

Business Share

$5.00**

.15%

.15%

Business Checking

$100***

.10%

.10%

* Minimum deposit required to open the account and to obtain the stated APY.
** A minimum of $5.00 is required to maintain your share account.
*** The minimum deposit to open a Business Checking Account is waived if you are approved for an overdraft line of credit.

These rates may change on a quarterly basis. Any fees incurred may reduce earnings.
THE CREDIT UNION IS FEDERALLY INSURED BY THE NCUA.

Business Certificate of Deposit Interest Rates.

These Annual Percentage Yields were offered within the most recent 7 calendar days and are accurate as of November 12, 2018.

Length of Certificate

Type of Certificate

Minimum Deposit*

APY
(Interest Paid at Maturity)

APY
(Interest Paid Monthly **)

APY
(Interest Paid Quarterly)

APY
(Interest
Paid &
Compounded Quarterly)

Annual
Interest Rate

91 Days

Regular

$10,000

.95%

.95%

N/A

N/A

.95%

182 Days

Regular

$10,000

1.55%

1.55%

N/A

N/A

1.55%

12 Months

Regular

$2,500

N/A

1.80%

1.80%

1.81%

1.80%

18 Months

Regular

$2,500

N/A

1.97%

1.97%

1.98%

1.97%

24 Months

Regular

$2,500

N/A

2.08%

2.08%

2.09%

2.08%

30 Months

Regular

$2,500

N/A

2.22%

2.22%

2.24%

2.22%

36 Months

Regular

$2,500

N/A

2.36%

2.36%

2.38%

2.36%

N/A (Rate is not available for the term shown.)
* Minimum deposit required to open the account and to obtain the stated APY.
** Minimum deposit of $5,000 required.

These rates may change on a weekly basis, but are fixed for the term of the certificate. A penalty may be imposed for early withdrawal from your Certificate of Deposit. Any fees incurred may reduce earnings.

Business Savings Account Interest Rates.

Account

Minimum Deposit*

Annual Percentage Yield

Annual Interest Rate

Business HI-FI Account

$10,000

.40%

.40%

---

None

.10%

.10%

* Minimum deposit required to open the account and to obtain the stated APY.
The rates for Business HI-FI Accounts may change on a weekly basis.

For additional information, call (800) 369-2786, (810) 720-8300 or (810) 664-5351.

 

 

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Who can be a Sovita member?

Educators and healthcare employees – and their immediate families – who live in Genesee, Lapeer, Livingston, Oakland and Shiawassee Counties.

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