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Business Savings Certificates
A savings account that works harder and earns more for your business
UCCU Long-Term Business Savings: Secure and Grow Your Capital
Long-term business savings are the foundation for operational stability and future growth. A robust savings strategy ensures your company can successfully navigate unexpected financial downturns, cover emergency expenses, and, most importantly, possess the capital needed to seize strategic growth opportunities. UCCU provides a suite of deposit products—from highly liquid high-yield savings to fixed-rate Certificates of Deposit (CDs)—allowing your business to manage its cash flow while maximizing returns on idle funds.
Developing a disciplined savings plan is crucial for enhancing your business’s financial credibility and resilience. By maintaining separate business and personal finances and setting clear, measurable savings goals (such as covering three to six months of operating expenses), you build a significant financial cushion. UCCU’s business savings accounts and CDs are federally insured by the NCUA up to $250,000, offering security and predictable returns, which minimizes risk and supports your business’s ability to operate and grow confidently.
Also, click to take a look at UCCU’s high interest Money Market Accounts!
Supercharge Your Savings
Open a UCCU Business Savings Certificate and start earning more. A lot more.
(801) 223-8188 | Branch Locations
Available M–F 8am–6pm, and Sat. 9am–2pm,
Business CDs (Term Shares)
Lock in a fixed interest rate for a predetermined term (e.g., 6 months to 5 years) to maximize earnings on surplus cash.
Protect Future Tax Payments
Set aside estimated funds for quarterly or annual tax liabilities in a secure account, earning a fixed rate until the payment date.
Maximize Idle Cash
Lock in a higher, fixed interest rate on surplus money not needed for daily operations, generating predictable returns over the chosen term.
Optimizing Cash for Long-Term Growth
To optimize your long-term strategy, it is essential to balance liquidity with returns. Funds needed for immediate operational needs should remain in a liquid, High-Yield Savings Account. However, surplus cash that won’t be required for a defined period is perfectly suited for a UCCU Business CD (sometimes called a Term Share account). CDs generally offer significantly higher, fixed interest rates than savings accounts, but they penalize early withdrawal. Strategies like CD Laddering—staggering CDs with different maturity dates—can help balance the need for higher returns with required cash access.
Choosing the right account type and consistently monitoring your cash flow projections are the hallmarks of sound financial management. While aiming for the best savings rate is vital, remember to also monitor fees and ensure your total deposits remain within the NCUA insurance limit for maximum safety. Consult with a UCCU Business Services Specialist to review your specific needs, automate savings contributions, and select the optimal combination of deposit products to achieve your long-term stability and growth goals.
Types of Savings Certificates
Certificate Special Rates
Open a promotional certificate for a limited time only. Hurry before these specials disappear!
Standard Certificate Rates
A conventional savings certificate that earns you a higher interest rate than a traditional savings account.
Jump Up Rates
Worried the yield will go up? Then add a Jump Up to any Standard Certificate for only 0.20% less APY to enjoy the flexibility of a one-time rate Jump up during the life of your certificate!
What’s the difference between a Savings Certificate and a CD?
Though a Savings Certificate and a Certificate of Deposit (or CD) are similar in function, CDs are issued by banks while Savings Certificates are issued by credit unions, like UCCU.
Savings Certificates are a popular way to save money by purchasing a certificate and agreeing to leave that money deposited in the certificate for a period of time between 3-months and 5-years. They earn higher dividends than other savings options.
Frequently Asked Questions
What is the difference between a Business Savings Account and a Business CD?
A Business Savings Account provides high liquidity, allowing you to access your funds whenever you need them, but it typically earns a lower, variable interest rate. A Business CD (or Term Share) locks your funds away for a specific term at a higher, fixed interest rate, but imposes a penalty for early withdrawal.
Is my business’s money safe at UCCU?
Yes. All UCCU deposit accounts, including Business Savings and Business CDs, are federally insured by the National Credit Union Administration (NCUA) up to the legal limit of $250,000 per share owner, per insured credit union, for each ownership category.
What is CD Laddering?
CD laddering is a strategy where you split a large deposit into several smaller CDs with staggered maturity dates (e.g., one 6-month, one 12-month, one 18-month). As each short-term CD matures, you can either renew it for a longer term or access the cash, giving you regular access to funds while maximizing long-term rates.
What is the minimum deposit required for UCCU Business CDs?
Minimum deposit requirements for UCCU Business CDs can vary based on the term and current offerings. It is best to contact a UCCU Business Services Specialist directly for the most current deposit minimums and rates.
*APY = Annual Percentage Rate. Please note that rates and fees are subject to change without notice. Personal and Business minimum deposit $500 (Youth $100). Click for Truth in Savings for Certificates. Click for the Disclosure of Business Savings Certificates.
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