Business Checking - Now Dividend Earning
A Pima Federal Business Checking Account offers the flexibility and convenience to help you manage your growing business on your terms. Not only is our Business Checking Account FREE, it also includes the added benefit of earning dividends on your funds! Simply meet the following requirements each month to receive your earned dividend of 0.50%APY*:
- eStatements: Elect to receive electronic statements each month rather than paper statements
- Minimum Balance: Maintain a minimum average monthly balance of $2,500
We offer accounts for the following business structures:
- Limited Liability Company (LLC)
- Corporations to include nonprofit 501(c)3
- Sole Proprietor (DBA – Doing Business As)
- Partnerships and Clubs/Associations
*APY= Annual Percentage Yield. The Dividend Rate and APY may change monthly as determined by the Credit Union’s Board of Directors. The APY assumes that dividends will be credited to the account monthly and remain in the account. The APY reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. For Business Checking accounts, there is a minimum daily balance and e-statement requirement to earn the annual percentage yield disclosed for the dividend period. If the minimum daily balance or estatement requirement is not met, you will not earn the annual percentage yield stated in the Rate Schedule. For accounts using the daily balance method as stated in the Rate Schedule dividends are calculated by applying a daily periodic rate to the principal in the account each day. Rates and terms are subject to change at any time. Fees and other conditions may reduce the earnings on the account. Other account terms and fees may apply.
