From traditional share savings to generous certificate or money market accounts, your business funds are safe, accessible, and will always earn dividends.
Start planning for future success today. Our business saving solutions offer a safe and reliable way to build the savings your business needs to grow.
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Choose the Savings Solution That’s Right For YOU!
Whether you’re looking to stash cash or accelerate savings with a CD or money market account, we’ve got you covered.
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Just $5 to Open a Business Share Savings Account
Your business savings journey starts here. Open and maintain your primary Business Share Savings Account with just $5.
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Budgeter Savings Accounts
Up to five “mini” savings accounts create separate savings pockets to help you allocate funds for specific goals or expenses.
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Flexibility with Flex Certificates
Invest as little as $50 and enjoy consistent savings and the convenience of withdrawals at designated times.
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Structured Savings with Dedicated Saver Certificates
Build your business’s resources with automatic transfers and direct deposits so you save steadily towards specific goals.
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Tiered Dividends
The higher your balance, the more you earn with our Business Money Market Account — plus your money is always available.
HOW TO OPEN A BUSINESS SAVINGS ACCOUNT
Step
1
Check Eligibility
Weber, Davis, and Morgan counties businesses can join Wasatch Peaks.
Step
2
Open Your Account
Fund your Business Share Savings Account with a minimum deposit of just $5.
Step
3
Spread Your Bets
Consider opening a CD or money market account to boost your saving power.
THE RIGHT BUSINESS ACCOUNT FOR YOUR COMPANY
Wondering if a Wasatch Peaks Credit Union business account will work for your company? Here’s what different types of companies require in order to open a business account with Wasatch Peaks.
For a person with exclusive business ownership. Requires a Social Security Number a Federal Tax Identification Number, State Registration and a Business License.
For two or more people contractually associated in a business venture. Requires a Federal Tax Identification Number and Partnership Agreement. Limited partnership agreements are typically required to be filed with the governing state.
For a business owned by stockholders. Requires a Federal Tax Identification Number, Articles of Incorporation filed with the governing state, state registration, and a Business License.
For an official non-profit corporation. Requires a Federal Tax Identification Number, Articles of Incorporation filed with the governing state, state registration, and a Business License.
For a business owned by members. Requires a Federal Tax Identification Number, Articles of Organization filed with the governing state, state registration, and a Business License.
For associations, clubs, religious, charitable, and educational entities. Requires a Federal Tax Identification Number or Social Security Number.
Any Wasatch Peaks representative will be happy to answer questions and assist you. Ready to start your business savings journey? Visit a branch near you, call us at 801-452-7885, or click below to apply.
BUSINESS SAVINGS SOLUTIONS FAQS
Have questions? We have answers. Here are the most frequently asked questions about our business savings products. Need more information? Please reach out to our team.
No. There are no annual, cash advance, or application fees associated with our Business Share Savings Account. Please check the account details for minimum account balances, transaction limits, and wire transfer charges
Our Budgeter Savings Accounts lets you open up to five separate accounts to save for specific goals or expenses. You can name each account to easily track and organize funds for recurring expenses like taxes or employee bonuses. You can even have money automatically transferred to your Budgeter Savings Account from your Business Checking or Business Share Savings Account for effortless saving.
Flex Certificates allow deposits anytime and offer quarterly withdrawal windows. Flex Certificates require a $50 minimum deposit. Dedicated Saver Certificates are ideal for reaching planned goals with terms from 3 to 60 months. Dedicated Saver Certificates require a $10 minimum deposit. You’ll also need to sign up for automatic transfers or payroll deductions to fund your account.
No, Business Money Market Accounts are fully liquid, meaning you can withdraw funds at any time without penalties. However, electronic withdrawals are limited to six per month.
Money Market Accounts offer successively higher interest rates as your balance grows. You’ll earn more as your account balance passes specific savings thresholds, with the higher rate being applied to the entire account balance.
Interest is calculated on your daily balance and compounded monthly for our savings accounts, including certificates and our Business Money Market Accounts, maximizing savings growth over time.
Yes, you need to be a member to open any of our Business saving products. Wasatch Peaks Credit Union financial membership is open to everyone who lives, works, worships, volunteers, or attends school in Weber, Davis, and Morgan Counties in Utah.
OPEN YOUR ACCOUNT OR CONTACT US FOR MORE INFORMATION
