Idle cash sitting in a business checking account earns nothing. Advia Credit Union business savings products put those funds to work through share accounts that pay monthly dividends, money market accounts with tiered rates that reward larger balances and share certificates that lock in guaranteed returns for terms of 3 to 60 months.
Every dollar deposited into an Advia Credit Union business savings product is federally insured up to $250,000 by the National Credit Union Administration. Businesses operating under separate legal entities may qualify for distinct insurance coverage on each entity's deposits. Dividends compound and credit monthly across all three product types.
Advia Credit Union offers three business deposit products. Business Share Savings requires a $25 minimum deposit and pays 0.15% APY with no monthly fee. Business Money Market accounts start at $2,500 and earn tiered rates up to 2.25% APY on balances above $100,000. Business Share Certificates range from 3-month to 60-month terms with APY from 3.75% to 4.50% depending on term and amount. All products include online and mobile banking access. The U.S. Department of the Treasury publishes daily yield curve rates that influence credit union dividend rates on deposit products. Advia Credit Union reviews and adjusts business savings rates monthly based on federal funds rate changes and market conditions.
Financial advisors generally recommend that businesses maintain three to six months of operating expenses in liquid reserves. For a company with $15,000 in monthly overhead, that translates to $45,000 to $90,000 in accessible savings. Parking those funds in a non-interest-bearing checking account means the business forfeits hundreds or thousands of dollars annually in potential dividend income. Advia Credit Union's business savings products address that gap with competitive rates, daily liquidity on share and money market accounts and guaranteed returns on certificates.
The Business Share Savings account functions as the foundation of any Advia Credit Union business membership. Opening the account requires a $25 minimum deposit, which also establishes the business's ownership share in the credit union cooperative. The account earns 0.15% APY with no minimum balance requirement to earn dividends and no monthly maintenance fee.
Funds transfer freely between the Business Share Savings account and any linked Advia Credit Union business checking account through online banking, mobile banking or by phone. Automatic sweep transfers can be configured to move excess checking balances into savings on a daily or weekly schedule, ensuring operating cash earns dividends whenever it is not needed for immediate obligations. Six withdrawal transactions are permitted per month under federal Regulation D guidelines, though in-branch and ATM withdrawals are unlimited.
This account suits businesses that need a low-friction savings vehicle with instant access. Restaurants that accumulate cash deposits through the week can sweep funds into savings each Friday. Contractors who receive periodic lump-sum payments can hold those funds in the share account while allocating them to subcontractors and suppliers over the following weeks.
The Business Money Market account targets companies with larger cash reserves that want higher returns without locking funds into a fixed term. The minimum opening deposit is $2,500, and rates are tiered based on the daily closing balance. Balances below $2,500 earn the base rate of 0.35% APY. Balances between $2,500 and $24,999 earn 0.75% APY. From $25,000 to $99,999 the rate climbs to 1.50% APY, and balances of $100,000 or more earn the top tier at 2.25% APY.
Unlike certificates, money market funds remain liquid. The account includes limited check-writing privileges with up to six checks per statement cycle. Transfers to other Advia Credit Union accounts are unlimited when performed in-branch or at an ATM. Online and mobile transfers follow the six-per-month electronic transaction guideline.
Business money market accounts work well for companies setting aside funds for quarterly tax payments, planned capital expenditures or seasonal inventory purchases. A landscaping company in Michigan, for instance, might deposit heavily through the spring and summer months, allowing the balance to grow at the higher tier rates, then draw down during winter to cover fixed costs. The tiered structure means funds earn progressively more as the balance builds.
Business Share Certificates offer the highest rates among Advia Credit Union's deposit products in exchange for committing funds for a fixed period. Terms range from 3 months to 60 months. The minimum deposit is $1,000 for terms under 12 months and $500 for terms of 12 months or longer. Rates increase with both term length and deposit size, reaching 4.50% APY on 48-month and 60-month certificates of $100,000 or more.
Early withdrawal penalties apply. Certificates with terms of 12 months or less forfeit 90 days of dividends. Terms longer than 12 months forfeit 180 days of dividends. The NCUA insures certificate deposits up to the standard $250,000 per-entity limit, and certificates renew automatically at maturity unless the account holder requests otherwise during the 10-day grace period following each maturity date.
A certificate laddering strategy spreads deposits across multiple maturity dates. A business with $60,000 to invest might place $12,000 each into 12-month, 24-month, 36-month, 48-month and 60-month certificates. As each certificate matures, the owner either reinvests at the longest term to capture the highest rate or redirects the funds to an operational need. This approach balances return with periodic liquidity.
Dividends earned on business savings accounts, money market accounts and certificates are reported as interest income on the business's tax return. Advia Credit Union issues a 1099-INT for any account that earns $10 or more in dividends during the calendar year. S-corporations, LLCs and partnerships pass this income through to owners on their individual returns. C-corporations report it as part of corporate taxable income.
Maintaining separate savings accounts for specific purposes like tax reserves, equipment replacement funds and emergency operating capital simplifies bookkeeping and provides a clear audit trail. Advia Credit Union allows businesses to open multiple savings and certificate accounts under a single membership at no additional cost.
Rates, minimums and features for each Advia Credit Union business deposit product.
| Product | Minimum Deposit | APY | Features |
|---|---|---|---|
| Business Share Savings | $25 | 0.15% | No monthly fee, automatic sweep transfers, unlimited in-branch withdrawals |
| Business Money Market ($2,500-$24,999) | $2,500 | 0.75% | Check writing privileges, tiered rates, daily liquidity |
| Business Money Market ($25,000-$99,999) | $25,000 | 1.50% | Higher tier rate, same check writing and transfer features |
| Business Money Market ($100,000+) | $100,000 | 2.25% | Top-tier rate, dedicated business banking representative |
| Business Certificate (3-Month) | $1,000 | 3.75% | Short-term guaranteed return, auto-renewal at maturity |
| Business Certificate (12-Month) | $500 | 4.10% | 90-day early withdrawal penalty, NCUA insured |
| Business Certificate (36-Month) | $500 | 4.25% | 180-day early withdrawal penalty, monthly compounding |
| Business Certificate (60-Month) | $500 | 4.50% | Highest fixed rate, ideal for long-term reserve laddering |
APY accurate as of publication and subject to change. Dividends compound and credit monthly. Contact Advia Credit Union at (844) 238-4228 for current rates.
Advia Credit Union provides three business savings products. Business Share Savings requires just $25 to open and pays 0.15% APY with no monthly fee. Business Money Market accounts start at $2,500 with tiered rates up to 2.25% APY. Business Share Certificates offer terms from 3 to 60 months with APY up to 4.50%. All deposits are NCUA insured up to $250,000 per business entity.
Business Share Savings earns 0.15% APY on all balances. Business Money Market accounts pay tiered rates: 0.35% under $2,500, 0.75% from $2,500 to $24,999, 1.50% from $25,000 to $99,999 and 2.25% on balances of $100,000 and above. Certificates range from 3.75% APY on 3-month terms to 4.50% APY on 60-month terms. Rates are reviewed monthly.
Yes. All Advia Credit Union business deposits are federally insured up to $250,000 per business entity by the National Credit Union Administration. If a business operates under multiple distinct legal entities, each entity may qualify for its own $250,000 in coverage. Certificates, share savings and money market balances all count toward the per-entity limit.
Yes. Business savings accounts are fully accessible through Advia Credit Union online and mobile banking. Members can view balances, transfer funds between business checking and savings accounts, set up automatic sweep transfers, view dividend history and download statements. Automatic transfers between checking and savings can be scheduled daily, weekly or monthly through the platform.
Additional products for business members across Michigan and Wisconsin.
Free and Plus checking accounts with up to 500 monthly transactions and no-fee debit cards from Advia Credit Union.
Commercial real estate, equipment financing and SBA-backed lending at competitive credit union rates.
Payroll processing, ACH origination and cash management tools for Michigan and Wisconsin businesses.
Personal money market accounts with tiered rates for members who also want to grow individual savings.
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