Business Checking and Savings

Checking Accounts

With a WECU Business Checking account, you get the tools and access that you need to manage your money on your terms.

Checking Accounts

Serve

Operating account for non-profit entities without cash management needs.¹

Monthly Fee

Minimum Average Balance

Annual Percentage Yield

None

Dividend Rate Qualification

None

Items Included

Unlimited

Excess Item Fee

Cash Deposits Included

Unlimited

Excess Cash Deposit Fee

Open Account

Rates & Terms

Simple

Low fee account for small businesses with low transaction needs.

Monthly Fee

Minimum Average Balance

Annual Percentage Yield

2.00% on $1,000²,
.10% on remaining balance

Dividend Rate Qualification

10 POS³

Items Included

200

Excess Item Fee

$.25

Cash Deposits Included

$10,000

Excess Cash Deposit Fee

$.05 per $100

Open Account

Rates & Terms

Savvy

Operating account for businesses with higher transaction and cash management needs.

Monthly Fee

$15

Minimum Average Balance

$15,000

Annual Percentage Yield

2.00% on $5,000²,
.10% on remaining balance

Dividend Rate Qualification

10 POS³

Items Included

500

Excess Item Fee

$.25

Cash Deposits Included

$10,000

Excess Cash Deposit Fee

$.05 per $100

Direct Pay

Free

Open Account

Rates & Terms

Smart

Analysis account for businesses with high balances and cash management needs.

Monthly Fee

$10

Earnings Credit Rate

Variable

Item Fee

$.10 per item

Cash Deposit Fee

$.05 per $100

Open Account

Rates & Terms

¹ For federal or state registered non-profits, excluding churches with an EIN.
² To earn the Business Checking bonus rate of 2.00% APY on balances up to and including $1,000 (for Simple Checking) or including $5,000 (for Savvy Checking), and 0.10% APY on balances over $1,000, you must have ten (10) debit card transactions posted and cleared monthly. If this account requirement is not met, the rate will be 0.05% APY. Annual Percentage Yield (APY) accurate as of 12/01/2022. Fees could reduce earnings.
³ Point of sale transactions conducted by the business.

Online services animation, customer support

Get Banking On-The-Go

Members love WECU Mobile

Download our 4.8-star app^‡ today to check balances, move money, and deposit checks anytime, anywhere. Learn more

Savings Accounts

Large or small, corporation or nonprofit, we offer a savings account that fits you. Find the one that sounds most like you.

Savings Accounts

Savings

A simple, safe place to keep and grow your money with great rates, easy access, and the dividends that come with being a WECU business member.

Monthly Fee

Minimum Balance

Opening Deposit

Required

Annual Percentage Yield

0.50% on $0-$50,000

0.60% on $50,001+

Dividend Period

Quarterly

Open Account

Rates & Terms

High Yield Savings

A high-yield savings account with exclusive tiered rates up to 4.00% APY, unlimited withdrawals and deposits, and no monthly fees when paired with Savvy Business Checking.

Monthly Fee

Opening Deposit

Required

Annual Percentage Yield with Savvy Checking

0.50% on $0-$50,000

3.00% on $50,000.01-$100,000

3.25% on $100,000.01-$500,000

3.75% on $500,000.01+

Annual Percentage Yield without Savvy Checking

0.01% on $0-$50,000

1.25% on $50,000.01-$100,000

1.50% on $100,000.01-$500,000

1.75% on $500,000.01+

Open Account

Rates & Terms

Money Market

Get the most out of your savings. Maximize your earnings with a business money market account.

Monthly Fee

Minimum Balance to waive fee

$2,500

Opening Deposit

Required

Annual Percentage Yield

0.00% on $0-$2,500

0.75% on $2,501-$50,000

0.80% on $50,001-$250,000

2.50% on $250,000.01+

Open Account

Rates & Terms

Certificates & SEP IRA Certificates

We offer 6 to 60 month Savings Certificates at some of the best rates in Whatcom County.

Simplified Employee Pension IRA certificates allow businesses to offer retirement plans and are available to any employer or self-employed individual.

Monthly Fee

Opening Deposit

Required

Annual Percentage Yield

Varies by Term

Early Withdrawal Penalty

Varies by Term

Connect with Us

Certificate Rates

Certificate Term	Dividend Rate¹	APY²	Minimum Opening Balance	Early Withdrawal Penalty
6 months	3.70%	3.75%	$500	90 days' dividends
12 months	3.45%	3.50%	$500	180 days' dividends
18 months	3.45%	3.50%	$500	180 days' dividends
24 months	3.45%	3.50%	$500	180 days' dividends
30 months	3.21%	3.25%	$500	180 days' dividends
36 months	3.21%	3.25%	$500	180 days' dividends
48 months	2.97%	3.00%	$500	360 days' dividends
60 months	2.97%	3.00%	$500	360 days' dividends

Certificate Term	Dividend Rate¹	APY²	Minimum Opening Balance	Early Withdrawal Penalty
6 months	3.70%	3.75%	$500	90 days' dividends
12 months	3.45%	3.50%	$500	180 days' dividends
18 months	3.45%	3.50%	$500	180 days' dividends
24 months	3.45%	3.50%	$500	180 days' dividends
30 months	3.21%	3.25%	$500	180 days' dividends
36 months	3.21%	3.25%	$500	180 days' dividends
48 months	2.97%	3.00%	$500	360 days' dividends
60 months	2.97%	3.00%	$500	360 days' dividends

Business Insured Cash Sweep**

A service designed specifically for our business members to grow and protect their finances.

➡️Balances earn dividends
➡️Access over $5,000,000 in NCUA deposit insurance, through a partnership with ModernFi.**

Make an Appointment

Let's build something great.

You're ready to take the next step, and we're here to keep the process simple and straightforward.

Man in suit and glasses, smiling against light background.

Dan Murphy

Born in the Midwest, Dan moved to Bellingham at a young age, where he has lived since 2007. He comes to Business Banking with a degree from WWU and years of experience in WECU's Retail Department, where he developed a passion for finding unique solutions to meet the financial needs of our membership.

Connect with Dan

T Smith

T has been with WECU for over a decade and joined the Business Banking team in 2023. He enjoys working with our local businesses and nonprofits, providing them with the support and tools they need to succeed.

Connect with T

Local. Experienced. Dedicated to your success. Ask around and you’ll hear that WECU is THE place for Business Banking.

Connect with us

* Business accounts require $1 to open. See Business Rate & Fee Schedule or contact us for details.

** A primary checking or savings account is required to open a Business Insured Cash Sweep Account. Minimum deposit of $1 is required to open the account. Deposit placement through the Business Insured Cash Sweep is subject to additional terms, conditions, and disclosures in applicable agreements. Rates are subject to changes.

^‡ WECU Mobile is rated 4.8 in the Apple App Store and 4.7 in Google Play, as of December 2024.

Checking Accounts

Serve

Simple

Savvy

Smart

Get Banking On-The-Go

Members love WECU Mobile

Savings Accounts

Savings

High Yield Savings

Money Market

Certificates & SEP IRA Certificates

Business Insured Cash Sweep**

Dan Murphy

T Smith

Please Note

You are about to leave wecu.com.

We are excited to help you on your home ownership journey!