Business Savings and CDs
We take your business banking personally. Telhio offers a wide range of interest-earning business savings account options to help you maximize your earnings. Like our personal savings accounts, a business account is your first step to becoming a Telhio member. All you need to start a business savings account is $5. As soon as it is open, enjoy the benefits of competitive annual percentage yield on your savings account.
Business Money Market Account
A Telhio Business IMMA is a high-yield savings plan with no fees or early withdrawal penalties. You can open an account with a minimum deposit and dividends are earned daily and paid monthly.
Deposit
Rate
APY*
Deposit
$0.01 to $9,999.99
Rate
0.10%
APY*
0.10%
Deposit
$10,000.00 to $24,999.99
Rate
0.55%
APY*
0.55%
Deposit
$25,000.00 to $49,999.99
Rate
0.85%
APY*
0.85%
Deposit
$50,000.00 to $99,999.99
Rate
0.90%
APY*
0.90%
Deposit
$100,000.00+
Rate
0.95%
APY*
0.95%
Rates effective Midnight on Monday, September 23rd, 2022
* APY = Annual Percentage Yield. Fees such as a penalty for early withdrawal on Share CDs may reduce earnings. Minimum of $250.00 required to earn interest on Share Savings. Rates are subject to change at any time.
Business CDs
If you want to earn higher interest and can afford to place your money in deposit for set period of time, a Certificate of Deposit (CD) might be for you! With a CD, you'll earn more dividends than with a regular savings account.
Term
Minimum Deposit
Rate
APY*
Term
91 Days
Minimum Deposit
$500.00
Rate
3.250%
APY*
3.30%
Term
6 Months
Minimum Deposit
$500.00
Rate
3.630%
APY*
3.69%
Term
9 Months
Minimum Deposit
$500.00
Rate
3.630%
APY*
3.69%
Term
12 Months
Minimum Deposit
$500.00
Rate
3.530%
APY*
3.59%
Term
18 Months
Minimum Deposit
$500.00
Rate
3.440%
APY*
3.49%
Term
24 Months
Minimum Deposit
$500.00
Rate
3.340%
APY*
3.39%
Term
36 Months
Minimum Deposit
$500.00
Rate
3.240%
APY*
3.29%
Term
48 Months
Minimum Deposit
$500.00
Rate
3.150%
APY*
3.20%
Term
60 Months
Minimum Deposit
$500.00
Rate
3.150%
APY*
3.20%
Rates effective Midnight on Monday November 4th, 2024.
* APY = Annual Percentage Yield. Fees such as a penalty for early withdrawal on Share CDs may reduce earnings. Minimum of $250.00 required to earn interest on Share Savings. Rates are subject to change at any time.
Business Savings Account
Our standard business savings account.
Deposit
Rate
APY*
Deposit
$250.00
Rate
0.03%
APY*
0.03%
Rates effective Midnight on Friday, May 1, 2020
* APY = Annual Percentage Yield. Fees such as a penalty for early withdrawal on Share CDs may reduce earnings. Minimum of $250.00 required to earn interest on Share Savings. Rates are subject to change at any time.
Prohibition
Against Unlawful Internet Gambling
Federal law, the Unlawful Internet Gambling Enforcement Act of 2006, and
implementing regulations prohibit commercial customers from receiving deposits
or other credits of any kind relating to their operation of an illegal Internet
gambling business. Telhio Credit Union is required to enforce this prohibition.
