Business Savings
Is your business set up for future success? Get invested in a savings account from Levo Credit Union, and you’ll be floored by the number of interest-earning options you have at your disposal.
Not A Member?
Nurture your growth.
Your business demands financial support, adaptability, and a reliable ally ready to support you at every juncture. Most importantly, feeling secure about your finances is essential.
REQUIREMENTS | THE AVERAGE BANK | LEVO |
---|---|---|
MINIMUM OPENING DEPOSIT | $50 | $5 |
MINIMUM DAILY BALANCE | $300 (charged $5/month if not met) | $5 (no fee charged) |
Interest Earned
There’s nothing like earning a little extra dough for doing next to nothing! Your Levo business savings account can also earn dividends—it’s one of the many benefits of your business being a credit union member.
SHARE & SUPER SHARE SAVINGS RATES
Savings | Minimum Balance | Dividend Rate | APY* | Term |
---|---|---|---|---|
REGULAR, SPECIAL, & CHRISTMAS CLUB | $50 | 0.05% | 0.05% | N/A |
SUPER SHARE MONEY MARKET - TIER 1 | $1,000 up to $2,500 | 0.05% | 0.05% | N/A |
SUPER SHARE MONEY MARKET - TIER 2 | $2,500.01 - $10,000 | 0.05% | 0.05% | N/A |
SUPER SHARE MONEY MARKET - TIER 3 | $10,000.01 - $25,000 | 1.25% | 1.26% | N/A |
SUPER SHARE MONEY MARKET - TIER 4 | $25,000.01 - $50,000 | 1.50% | 1.51% | N/A |
SUPER SHARE MONEY MARKET - TIER 5 | $50,000.01 - $100,000 | 1.75% | 1.76% | N/A |
SUPER SHARE MONEY MARKET - TIER 6 | Over $100,000 | 2.00% | 2.02% | N/A |
Not a member?
*Members can apply through the online or mobile banking app.
*APY = Annual Percentage Yield. Rates and Annual Percentage Yields are subject to change monthly as determined by the Credit Union Board of Directors. A complete description of these accounts is available upon request, and will be provided at account opening.
Regular Shares
When we say “shares,” we mean your business’s very own piece of ownership of the credit union. When you open a business savings account, you are a Levo member. And when you’re a “shareholder,” you’re free and clear to apply for our many other valuable products and services. This is our most basic business savings account.
Not a member?
*Members can apply through the online or mobile banking app.
REQUIREMENTS | AMOUNT |
---|---|
MINIMUM OPENING DEPOSIT | $5 |
DIVIDEND-QUALIFYING BALANCE | $50 |
FEES CHARGED | See Fee Schedule |
Special Shares
Saving up for something specific can be difficult when everything’s talked about in numbers, balances and deposits. That’s where Special Shares come in. Pick out what you’re saving for—equipment upgrades, systems or software—and we’ll help you meet your saving goals through automatic transfers and generous dividends.
Not a member?
*Members can apply through the online or mobile banking app.
REQUIREMENTS | AMOUNT |
---|---|
MINIMUM OPENING DEPOSIT | $5 |
DIVIDEND-QUALIFYING BALANCE | $50 |
FEES CHARGED | See Fee Schedule |
Super Shares
For businesses with a little more seed money to start with, get super. A Super Shares account has a higher opening deposit requirement, but it offers the biggest opportunity to stockpile dividends, with six tiers of dividend-earning thresholds.
Not a member?
*Members can apply through the online or mobile banking app.
REQUIREMENTS | AMOUNT |
---|---|
MINIMUM OPENING DEPOSIT | $1,000 |
DIVIDEND-QUALIFYING BALANCE | $1,000 |
FEES CHARGED | See Fee Schedule |
MONTHLY WITHDRAWALS ALLOWED | Three |
Not a member?
*Members can apply through the online or mobile banking app.
*APY = Annual Percentage Yield. Rates and Annual Percentage Yields are subject to change monthly as determined by the Credit Union Board of Directors. A complete description of these accounts is available upon request, and will be provided at account opening.