Business Certificates
Leverage our rates to grow your business savings.
As a business owner, you know every day can bring something new
But here’s something you can count on—growth from our Business Certificates.
Business Certificate Features
Competitive Rates
Grow your money at a fixed rate through full-term or increase your fixed rate by selecting a term that is Bump Rate eligible.
Reliable Growth
Lock in your rate and enjoy the peace of mind that your earnings are certain.
Variety of Terms
Find the term, rate, and certificate amount that works best for your business.
Business Certificate of Deposit
Business CDs are the perfect place to save money that you can afford to set aside for a while. With terms as short as six months, you can earn even higher returns than you can with our Business Savings and Business Money Market accounts.
- Find the term and rate works best for your business
- No monthly maintenance fee
- $1,000 minimum opening deposit for Business Certificate of Deposit
- $50,0000 minimum opening deposit for Jumbo Business Certificate of Deposit
- Certificate terms 2 years and longer often offer a “Bump Rate” option, this allows members to choose to raise their CD rate if the rates for that CD term increase prior to maturity
There could be a fee for early withdrawal, see Truth In Savings disclosure for details. Fees can reduce earnings.
Rates
|
Term |
Interest Rate |
APY* |
Rate Type |
Minimum Opening Deposit |
Interest Compounded |
Interest Credited |
Bump Option |
|---|---|---|---|---|---|---|---|
|
APY* = Annual Percentage Yield Fees may reduce earnings. There may be a fee imposed for early withdrawal. See Transaction Limitation section of Truth-In-Savings Disclosure. Renewal is automatic, unless designated. Additional deposits are not allowed. |
|||||||
|
Term 6 month |
Interest Rate 3.20% |
APY* 3.25% |
Rate Type Fixed |
Minimum Opening Deposit $1,000.00 |
Interest Compounded Daily |
Interest Credited Monthly |
Bump Option Not Eligible |
|
Term 1 year |
Interest Rate 3.20% |
APY* 3.25% |
Rate Type Fixed |
Minimum Opening Deposit $1,000.00 |
Interest Compounded Daily |
Interest Credited Monthly |
Bump Option Not Eligible |
|
Term 2 year |
Interest Rate 3.25% |
APY* 3.30% |
Rate Type Variable -Member has discretion |
Minimum Opening Deposit $1,000.00 |
Interest Compounded Daily |
Interest Credited Monthly |
Bump Option Eligible |
|
Term 3 year |
Interest Rate 3.25% |
APY* 3.30% |
Rate Type Variable -Member has discretion |
Minimum Opening Deposit $1,000.00 |
Interest Compounded Daily |
Interest Credited Monthly |
Bump Option Eligible |
|
Term 4 year |
Interest Rate 2.40% |
APY* 2.43% |
Rate Type Variable -Member has discretion |
Minimum Opening Deposit $1,000.00 |
Interest Compounded Daily |
Interest Credited Monthly |
Bump Option Eligible |
|
Term 5 year |
Interest Rate 2.40% |
APY* 2.43% |
Rate Type Variable -Member has discretion |
Minimum Opening Deposit $1,000.00 |
Interest Compounded Daily |
Interest Credited Monthly |
Bump Option Eligible |
|
Term |
Interest Rate |
APY* |
Rate Type |
Minimum Opening Deposit |
Interest Compounded |
Interest Credited |
Bump Option |
|---|---|---|---|---|---|---|---|
|
APY* = Annual Percentage Yield Fees may reduce earnings. There may be a fee imposed for early withdrawal. See Transaction Limitation section of Truth-In-Savings Disclosure. Renewal is automatic, unless designated. No additional deposit during the term of the certificate. See Transaction Limitation section of Truth-In-Savings Disclosure. |
|||||||
|
Term 6 month |
Interest Rate 3.35% |
APY* 3.41% |
Rate Type Fixed |
Minimum Opening Deposit $50,000.00 |
Interest Compounded Daily |
Interest Credited Monthly |
Bump Option Not Eligible |
|
Term 1 year |
Interest Rate 3.40% |
APY* 3.46% |
Rate Type Fixed |
Minimum Opening Deposit $50,000.00 |
Interest Compounded Daily |
Interest Credited Monthly |
Bump Option Not Eligible |
|
Term 2 year |
Interest Rate 3.44% |
APY* 3.50% |
Rate Type Variable -Member has discretion |
Minimum Opening Deposit $50,000.00 |
Interest Compounded Daily |
Interest Credited Monthly |
Bump Option Eligible |
|
Term 3 year |
Interest Rate 3.44% |
APY* 3.50% |
Rate Type Variable -Member has discretion |
Minimum Opening Deposit $50,000.00 |
Interest Compounded Daily |
Interest Credited Monthly |
Bump Option Eligible |
|
Term 4 year |
Interest Rate 2.60% |
APY* 2.63% |
Rate Type Variable -Member has discretion |
Minimum Opening Deposit $50,000.00 |
Interest Compounded Daily |
Interest Credited Monthly |
Bump Option Eligible |
|
Term 5 year |
Interest Rate 2.60% |
APY* 2.63% |
Rate Type Variable -Member has discretion |
Minimum Opening Deposit $50,000.00 |
Interest Compounded Daily |
Interest Credited Monthly |
Bump Option Eligible |
Required Documents for Opening a Business Account
Documentation varies by business ownership. Please select the appropriate tab for details.
- Washington Secretary of State Business License UPI Letter
- Social Security Number (SSN)
- Current government-issued picture ID for the owner and any authorized signer(s)
- Physical address of business
- Partnership agreement
- Washington Secretary of State Business License UPI Letter
- Washington State Certificate of Formation
- Employer of Identification (EIN)
- Current government-issued picture ID for all owners and authorized signers
- Physical address of partnership
- Limited Liability Agreement
- Washington Secretary of State Business License UPI Letter
- Washington State Certificate of Formation
- Employer Identification Number (EIN)
- Current government-issued picture ID for all owners and authorized signers
- Physical address of the LLC
- Articles of Incorporation
- Corporate Resolution Authorizing the Account and Signers
- Washington Secretary of State Business License UPI Letter
- Washington State Certificate of Incorporation
- Employer Identification Number (EIN)
- Current government-issued picture ID for all owners and authorized signers
- Physical address of the corporation
- Washington Secretary of State Business License UPI Letter
- Washington State Certificate of Formation
- Operating agreement
- Employer Identification Number (EIN)
- Board minutes authorizing account and signers
- Current government-issued picture ID for all owners and authorized signers
- Physical address of the non-profit organization
Contact Us
Thank you for choosing Seattle Credit Union to be your partner in prosperity for your business. We are excited to assist you with your business needs. Please tell us a little bit about yourself to start the account opening process and one of our team members will reach out to you.