Business Checking & Savings Accounts
MSUFCU offers you a variety of checking and savings options to meet the needs of your business. Whether you're just getting started or have been in business for a while, we have the tools to help you succeed.
Business Checking Accounts
Business Savings Accounts
MSUFCU Certificates* earn higher, fixed dividends while still receiving up to $250,000 in NCUA insurance on your funds.
- No monthly or maintenance fees
- Open a certificate with as little as $50 for a 1-Year Add-On Certificate or $500 for all other terms
- Flexible terms to suit your savings needs
- Funds are federally insured to at least $250,000
1-Year Add-On Certificate*
1-Year Add-On Certificate may be opened with as little as $50 and allow you to add funds at your convenience. A single member may add up to $10,000 total to the sum of all 1-Year Add-On Certificates per year. For example, if a member had five (5) 1-Year Add-On Certificates, any combination of amounts up to $10,000 could be added to each certificate, but the total additions to all certificates must not exceed $10,000 per member, per year.
There is no restriction on the number of 1-Year Add-On Certificates per account, and there is no maximum balance for these accounts.
Open an MSUFCU Certificate within ComputerLine
Login to ComputerLine, select Manage from the top menu, and then click Add a Certificate under the Create or Modify Accounts section.
Or, leave a secure message via the eMessage Center in ComputerLine with your request, call us at 517-333-2424 or 800-678-4968, or stop by any MSUFCU branch location.
*Certificate rates are fixed for the term of the Certificate at the time the Certificate is opened. Additional deposits cannot be made to Certificates other than the 1-Year Add-On Certificate. A member may add up to a total of $10,000 to his/her 1-Year Add-On Certificate(s) per year. Please note, regardless of the amount of 1-Year Add-On Certificates a member may hold, the total of all additions to the certificate(s) cannot exceed $10,000 per member, per year. Additional deposits do not change the Certificate's maturity date or rate. The earnings assume that the funds remain on deposit for the term of the Certificate and are compounded monthly.
There is a penalty for the early withdrawal of funds before the term of the Certificate.
Early withdrawals reducing a Certificate below its required minimum balance:
One year or less: Results in cancellation of Certificate and penalty equal to 90 days dividends based on the total amount of Certificate.
More than one year: Results in cancellation of Certificate and penalty equal to 180 days dividends based on the total amount of Certificate.
All other early withdrawals:
One year or less: Results in penalty equal to 90 days dividends based on amount withdrawn.
More than one year: Results in penalty equal to 180 days dividends based on amount withdrawn.
If the dividend is not sufficient to cover the penalty, the principal amount will be reduced to cover this amount. The above penalties will not be charged in cases of withdrawal due to disability or after death of an owner of this Certificate.