Business Rates

Business Accounts & IOLTAs

ProgramMinimum Daily Balance to earn APYDividend RateAPY*Min. Deposit to Open
Business Plus Checking1 $0.01 0.05% 0.05% $10
Business Money Market Account2

$5,000 0.10% 0.10% $5,000
$25,000 0.15% 0.15% $5,000
$50,000 0.30% 0.30% $5,000
$100,000 0.40% 0.40% $5,000
$250,000 0.50% 0.50% $5,000
Interest on Lawyers Trust Accounts (IOLTAs)3 $0.01 1.50% 1.50% $10
Business Plus Checking1
Minimum Daily Balance to earn APY $0.01
Dividend Rate 0.05%
APY* 0.05%
Min. Deposit to Open $10
Business Money Market Account2
Tier 1:
Minimum Daily Balance to earn APY $5,000
Dividend Rate 0.10%
APY* 0.10%
Min. Deposit to Open $5,000
Tier 2:
Minimum Daily Balance to earn APY $25,000
Dividend Rate 0.15%
APY* 0.15%
Min. Deposit to Open $5,000
Tier 3:
Minimum Daily Balance to earn APY $50,000
Dividend Rate 0.30%
APY* 0.30%
Min. Deposit to Open $5,000
Tier 4:
Minimum Daily Balance to earn APY $100,000
Dividend Rate 0.40%
APY* 0.40%
Min. Deposit to Open $5,000
Tier 5:
Minimum Daily Balance to earn APY $250,000
Dividend Rate 0.50%
APY* 0.50%
Min. Deposit to Open $5,000
Interest on Lawyers Trust Accounts (IOLTAs)3
Minimum Daily Balance to earn APY $0.01
Dividend Rate 1.00%
APY* 1.00%
Min. Deposit to Open $10

APY = Annual Percentage Yield. The Annual Percentage Yields (APYs) listed above are accurate as of July 20, 2018 and can change at any time without notice. Rates may change after account is opened. APYs assume that funds remain on deposit for one year. Dividends are compounded daily and credited monthly. Fees may reduce earnings. St. Mary's Credit Union membership eligibility is required for all accounts. Details of rates, terms and limitations are provided during account opening and are available at any branch location.

1 Average monthly balance of $10,000 or business loan balance of $25,000 or more required to waive $15 monthly service fee. Up to 200 checks written per statement cycle at no charge. A $0.30 fee applies for each check written thereafter. Rates may change after account is opened

2 Business Money Market Account allows for six (6) withdrawals or transfers made by check, preauthorized transfer or electronic/telephone transfer per statement cycle. Rates may change after account is opened.

3 Interest is sent to the Massachusetts IOLTA Committee. Rates may change after account is opened.