Skip Navigation Download Acrobat Reader 5.0 or higher to view .pdf files.
Business/Accounts
Freedom First Credit Union

Business Rates

Business/Accounts
Branded Star Mark
Branded Star Mark
Looking for Consumer Rates? You can find those here

*Annual Percentage Yield (APY) is effective as of July 1, 2021.

Learn about our fees, as well as how to waive many of them, on our business fee schedule.



Required Minimum Opening Deposit is $1,000.
 Tier Tier Minimum ADB Tier Maximum ADB Dividend Rate APY*
1 $0 $64,999.99 0.21% 0.21%
2 $65,000 $239,999.99 0.41% 0.41%
3 $240,000+ - 0.56% 0.56%
Former Business Money Markets2
Required Minimum Opening Deposit is $1,000.
 Tier Tier Minimum ADB Tier Maximum ADB Dividend Rate APY*
1 $1,000 $4,999.99 0.01% 0.01%
2 $5,000 $24,999.99 0.01% 0.01%
3 $25,000 $49,999.99 0.01% 0.01%
4 $50,000 $99,999.99 0.03% 0.03%
5 $100,000+ - 0.03% 0.03%
 Tier Tier Minimum ADB Tier Maximum ADB Dividend Rate APY*
1 $200 $5,000 0.01% 0.01%
2 $5,000.01 $20,000 0.01% 0.01%
3 $20,000.01 $50,000 0.01% 0.01%
4 $50,000.01 $100,000 0.01% 0.01%
5 $100,000.01 Above 0.01% 0.01%
1Annual Percentage Yield (APY) for the Indexed Business Money Market is variable and subject to change without prior notice. Fees may reduce earnings. Indexed Business Money Market tiers are indexed to the 90-day U.S. Treasury bill, are evaluated a month in arrears using the closing rate and adjusted accordingly the following month. The tier spreads are as follows: Tier 1 earns Index + 0.20%; Tier 2 earns Index + 0.40%; Tier 3 earns Index + 0.55%. As of May 1, 2021 no former Business Money Market accounts will be opened with the existing rate structure. Rates are rounded to the nearest one-hundredth of a percent.
 
2.No new Business Money Market (former) accounts will be opened after April 30, 2021. To get the best rates and new, additional benefits, members in these accounts may switch to the newly formed Indexed Money Market account. The dividend Tier A method means that the dividend rate used will be based on the account ADB and the dividend rate for that ADB. The "Dividend Rate" for that tier will be used to pay the dividend on the entire ADB. If the ADB in your Business Money Market Account (former) and/or Indexed Business Money Market falls below $1,000, no dividend will be paid for the month. There is a $10 per month fee for accounts with ADB below $5,000.
 
3Fees may reduce earnings. All Dividends on this Schedule are Posted and Compounded Monthly. Annual Percentage Yield (APY) is variable and subject to change without prior notice. Dividends on these accounts are calculated by using the account Average Daily Balance (ADB) and the Tier A dividend method. The ADB is computed by adding the balance in the account for each day in the month and dividing that figure by the number of days in the month. The dividend Tier A method means that the dividend rate used will be based on the account ADB and the dividend rate for that ADB. The "Dividend Rate" for that tier will be used to pay the dividend on the entire ADB. For example, if the account ADB is $5,600 for the month, the entire $5,600 will be paid a dividend at the Tier 2 rate. No dividend will be paid if the account ADB is below $1,000 for the month. There is a $10 per month fee for accounts with ADB below $5,000. If the account is closed before dividends are credited, any accrued dividend will not be credited. A one-time $5 deposit is required by Credit Union Bylaws for membership. If the account is closed, the $5 will be returned. Fees may reduce earnings.

Savings federally insured to at least $250,000 and backed by the full faith and credit of the National Credit Union Administration, a U.S. Government Agency.

12 Month
 Amount Minimum Amount Maximum Dividend Rate APY*
$500 $2,499 0.25% 0.25%
$2,500 $9,999 0.25% 0.25%
$10,000 Above 0.25% 0.25%
24 Month
Amount Minimum Amount Maximum Dividend Rate APY*
$500 $2,499 0.40% 0.40%
$2,500 $9,999 0.40% 0.40%
$10,000 Above 0.40% 0.40%
36 Month
Amount Minimum Amount Maximum Dividend Rate APY*
$500 $2,499 0.50% 0.50%
$2,500 $9,999 0.50% 0.50%
$10,000 Above 0.50% 0.50%
48 Month
Amount Minimum Amount Maximum Dividend Rate APY*
$500 $2,499 0.70% 0.70%
$2,500 $9,999 0.70% 0.70%
$10,000 Above 0.70% 0.70%
60 Month
Amount Minimum Amount Maximum Dividend Rate APY*
$500 $2,499 0.90% 0.90%
$2,500 $9,999 0.90% 0.90%
$10,000 Above 0.90% 0.90%
4Substantial penalty for early withdrawal. Members are limited to $1,000,000 in Share Certificate balances, without prior approval. Rates are subject to change without notice.  

Our business checking accounts do not pay dividends.
Account Type Min. Opening Deposit Minimum ADB Dividend Rate APY*
Simple/Business Checking $100
$0
0.00% 0.00%
Nonprofit Checking $100 $0 0.00% 0.00%
Analysis Checking $100 $0 0.00% 0.00%

VISA Rewards
 APR* for Purchases APR for Balance Transfers APR for Cash Advances
8.99 - 18.00% 8.99 - 18.00% 12.24 - 18.00%
VISA Rate
 APR for Purchases APR for Balance Transfers APR for Cash Advances
8.99 - 18.00% 8.99 - 18.00% 12.24 - 18.00%
*APR is Annual Percentage Rate. Your APR will vary with the market based on the Prime Rate.

View a full listing of our Products and Services:

Looking for a phone number, address, or other basic info?

Read more on our accessibility statement
null