Deposits | WECU

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

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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

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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

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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

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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.

Your business, on the move.

With the WECU mobile app and Business Visa debit card, you can run your business anytime, anywhere. You can check deposits, pay bills, monitor transaction history, and send money. It’s a snap. Simply download the free WECU app to your smartphone or tablet and manage your money no matter where you are. Connect with a Business Banking expert to get started.

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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 <50k

.50%

Annual Percentage Yield >$50k

.60%

Dividend Period

Quarterly

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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 $2500-$50k

.75%

Annual Percentage Yield >$50k-$250k

.80%

Annual Percentage Yield >$250k

2.50%

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Rates & Terms

Certificates

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

Monthly Fee

Opening Deposit

Required

Annual Percentage Yield

Varies by Term

Early Withdrawal Penalty

Varies by Term

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Rates & Terms

SEP IRA Certificates

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

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Certificate Term	Dividend Rate¹	APY²	Minimum Opening Balance	Early Withdrawal Penalty
6 months	1.00%	1.00%	$500	90 days' dividends
9 months	1.09%	1.10%	$500	90 days' dividends
12 months	4.38%	4.45%	$500	180 days' dividends
18 months	1.49%	1.50%	$500	180 days' dividends
24 months	4.18%	4.25%	$500	180 days' dividends
30 months	2.48%	2.50%	$500	180 days' dividends
36 months	1.98%	2.00%	$500	180 days' dividends
48 months	2.23%	2.25%	$500	360 days' dividends
60 months	2.38%	2.40%	$500	360 days' dividends

Let's build something great.

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

Kristen Hansen

Kristen was born in Seattle and raised in Spokane, WA. She comes from a family of credit union employees and is passionate about both the credit union culture and the Whatcom County community.

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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.

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

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

Checking Accounts

Serve

Simple

Savvy

Smart

Your business, on the move.

Savings Accounts

Savings

Money Market

Certificates

SEP IRA Certificates

Kristen Hansen

Dan Murphy

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