Business Savings
We offer a variety of savings vehicles to help you earn more on your cash assets.
Share Savings Account
If you’re saving for new equipment or you just want to earn a greater dividend on your cash on hand, our business savings account may be just the fit. When your business joins the credit union, we’ll open a business savings account for you automatically. This account earns a monthly dividend with a minimum average monthly balance of just $100. All it takes is a $25 initial deposit to open.
Business Savings Rates
| Account | Min Balance to Earn Dividends | Dividend Rate | APY* |
|---|---|---|---|
| General Savings | $100 | 0.15% | 0.15% |
*APY = Annual Percentage Yield.
View Savings Disclosure
Gain access to Our Popular e-Services
With your Share Savings Accounts, you also get access to these services:
- Free monthly e-Statements, our online statements
- Free unlimited use of e-Branch, our online banking
- Free online e-Pay when using a Jersey Shore Debit Card, otherwise, there is a $6.95 monthly fee
- Free use of our JSFCU Mobile Banking App for banking and deposit
- Free unlimited use of PATT, our 24-hr automated telephone transaction line
Money Market Account
Our business money market account is a good choice for business owners seeking a high-yield account that gives immediate access to funds. You can make up to six withdrawals or transfers per month. The tiered-dividend rate means the more you save, the more you earn! You can start a money market account with as little as $500.
Business Money Market
| Tiered Amount | Dividend Rate | APY* |
|---|---|---|
| $500 to $49,999.99 | 0.40% | 0.40% |
| $50,000 to $99,999.99 | 0.80% | 0.80% |
| $100,000 and over | 0.90% | 0.90% |
*APY= Annual Percentage Yield.
View Money Market Disclosure
Share Certificates
All of our business share certificate accounts are designed to help business owners maximize their dividend potential with flexible terms and dividend payment options. You pledge the deposit for a certain term, and we reward you with a higher yield. You can choose a term from six months to 60 months, or open several to help you ladder your funds. The rate is fixed for the entire certificate term, even if rates go down significantly.
The minimum deposit for a business certificate is $1,000. Dividends are compounded and credited monthly. There is a penalty for early withdrawal
Business Certificate Rates
| Term | Balance | Dividend Rate | APY* |
|---|---|---|---|
| 6 months | $1‚000.00 - $24‚999.99 | 1.39% | 1.40% |
| 6 months | $25,000.00 and above | 1.44% | 1.45% |
| 12 months | $1‚000.00 - $24‚999.99 | 1.88% | 1.90% |
| 12 months | $25‚000.00 and above | 1.93% | 1.95% |
| 24 months | $1,000.00 - $24,999.99 | 2.37% | 2.40% |
| 24 months | $25,000.00 and above | 2.42% | 2.45% |
| 36 months | $1,000.00 - $24,999.99 | 2.86% | 2.90% |
| 36 months | $25,000.00 and above | 2.91% | 2.95% |
| 48 months | $1,000.00 - $24,999.99 | 2.96% | 3.00% |
| 48 months | $25,000.00 and above | 3.01% | 3.05% |
| 60 months | $1,000.00 - $24,999.99 | 2.96% | 3.00% |
| 60 months | $25,000.00 and above | 3.01% | 3.05% |
*APY = Annual Percentage Yield. Special rates are subject to end/change without notice.
View Certificate Disclosure
There are two convenient ways for businesses to open a savings, money market or certificate account:
Learn more by calling 609-646-3339 or 1-888-322-2848 toll-free and select option 2. Member Service Representatives are available by phone during business, evening, and weekend hours. Check our Call Center Hours for availability.
