Business Savings & Checking
Choosing the Savings and Checking Option that’s Right for Your Business
Whatever your financial priority, it’s important that you find the right savings or checking product to meet the needs of your business. Directions Credit Union offers savings and term certificates along with several checking account options to help your business grow its savings. Your Savings are insured up to $350,000. The first $100,000 is covered by National Credit Union Share Insurance Fund (NCUSIF), a U.S. Government agency, with an additional $250,000 of coverage provided by American Share Insurance (ASI), a private corporation.
Share Savings Accounts
Directions Credit Union’s basic savings account. A $25 minimum balance is required to maintain a savings account. There are no monthly or annual fees, and it pays a competitive dividend rate that is compounded quarterly.
Money Management Account
An attractive alternative to money market funds with higher rates for larger balances, and available for limited withdrawals. A $2500 minimum balance is required to open and maintain the account.
Certificates
Certificates are available in short or long term. A $500 minimum balance is required to open and maintain the account. Dividends may be compounded quarterly or paid monthly.
Free Business Checking Account
Great for businesses with very low transaction volumes and those who don’t want to keep a minimum balance.
- No monthly fee
- No minimum balance required (Minimum to open $50)
- Clear up to 50 transactions a month ($.25 ea. additional)
- Deposit up to 100 items a month ($.25 ea. additional)
- Free ATM/Debit Card
- Free CUOnline
- Free electronic statements
- Free online check copies
- Free online Bill Payment
Advantage Checking Account
Designed for businesses that carry low balances, have a low volume of activity, and require a basic check writing and deposit balances.
- $10 monthly fee waived if minimum daily balance of $2,500 is maintained (Minimum to open $100)
- No fee for first 200 items cleared each month ($.25 ea. Additional)
- No fee for first 400 deposited items each month ($.25 ea. Additional)
- Free ATM/Debit Card
- Free CUOnline
- Free electronic statements
- Free online check copies
- Free online Bill Payment
Investment Checking Account
A checking account suited for businesses requiring unlimited check writing and deposit balances that seek to earn dividends.
- $25 monthly fee waived if minimum daily balance of $10,000 is maintained (Minimum to open $100)
- Unlimited number of cleared items
- Unlimited number of deposited items
- Dividends earned
- Free ATM/Debit Card
- Free CUOnline
- Free electronic statements
- Free online check copies
- Free online Bill Payment
For further information contact:
Toledo Area
Patricia DeCesare at pdecesare@directionscu.org or call 419-841-9838
Lou Sheppard at lsheppard@directionscu.org or call 419-841-9838
Central Ohio Area
Keekee Brooks at kbrooks@directionscu.org or call 419-526-7811
