An InTouch Business Money Fund account offers a higher rate than a regular savings account while still allowing (limited) access to your funds. While you can use it in place of a Business Savings account, it is often used to provide a secondary account
to maximize earnings on excess capital that can’t be locked into a term account like a certificate of deposit (CD).
Requiring only $100.00 to open, the Money Fund Account pays interest on a tiered basis with interest earned monthly, even on small balances, but can pay significantly higher than average rates on larger balances.
With federally insured balances, the InTouch Business Money Fund account provides a low-cost and safe method to earn more on your excess business funds.
InTouch Credit Union offers three different kinds of savings account for our business members to help you maximize your earnings. Our regular Business Savings Account offers the most flexibility, while our tiered-rate Business Money Fund account provides higher rates for higher balances. If you have funds you can commit for longer period of time, then you might prefer a higher rate option like a Business CD We also offer options for nonprofit 501(c)(3) organizations.
| Feature | Regular Business Savings | Business Money Fund Account | Business Certificate of Deposit |
|---|---|---|---|
| Minimum Required to Open Account | $25.00 | $100.00 | $1000.00 |
| Monthly Service Fee | None | Yes2 | None |
| Tiered Rate Account | Single Rate | Yes | Single Rate based on certificate term |
| Minimum Daily Balance to Earn Annual Percentage Yield | $25 – Single Rate | Tiered1 | $1000.00 |
| Premium Dividend | No | Yes (based on Tier) | No |
| Dividend Frequency/Period | Monthly | Monthly | Monthly |
| Free eStatements | Yes | Yes | Yes |
1 $0 – $4,999.99 Tier 1, $5,000 – $24,999 Tier 2, $25,000 to $99,999.99 Tier 3, $100,000 to $349,999.99 Tier 4, $350,000 to $699,999.99 Tier 5, $700,000 to $999,999.99 Tier 6, $1,000,000 & greater Tier 7
2$5.00 if monthly balance is below $2,500.00
Our brand promise says we strive to “enhance members' lives by delivering secure and reliable access to money management systems, financial education tools, and products and services designed to produce financial stability and choices." We are dedicated to working for you and your financial well-being.
You can keep on the move and have access to InTouch no matter where you go, with our nationwide availability! We provide you with access to more than 5,000 shared branches and 30,000 surcharge-free ATMs nationwide, and our Online and Mobile Banking gives you control of your accounts 24 hours a day, seven days a week.
