BUSINESS LEADING RATE ACCOUNT

Our Business LRA, which is available to our Business Club members, offers flexibility and a competitive variable rate of return.

  • A variable rate money market account earning the Fed Funds Rate minus 50 basis points, not to exceed an interest rate of 10%
  • Tier 1: $0.01 - $50,000, earning the Fed Funds Rate minus 50 basis points
  • Tier 2: $50,000.01 and higher, will be set with a blended Annual Percentage Yield (APY)
  • Minimum deposit of $0.01 to open
  • A minimum balance of $0.01 must remain in the account each day to obtain the APY
  • Minimum daily balance requirement of $25,000 to avoid a $25 monthly maintenance fee
  • One LRA account per Tax Identification Number 
  • Interest is compounded daily and credited monthly