Earn Interest
Put idle cash to work and earn 0.05% APY*.
Low Minimum Balance
Just $250 month-end balance to waive the monthly account fee.
Cash Management Tools
ACH, wires, and digital account management reports that work with your other business banking accounts.
Every business needs a place to keep money that isn't part of daily operations—a buffer for the unexpected, kept separate so it's not used for everyday expenses. Business Membership Savings is built to be straightforward, easy to understand, and accessible when you need it, subject to account terms and available funds. It can also work with eligible linked business checking services, including overdraft coverage and sweep services, where available.
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Click any linked feature to learn more.
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Minimum Balance to Open |
$5 |
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Monthly Fee |
$5 per month, waived with $250 month-end balance |
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Interest |
0.05% APY* |
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Mobile and Online Banking |
Included |
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ATM Access |
Included |
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Included |
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Included Domestic/International (Wwire fees apply) |
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Mobile Deposit |
Included |
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Digital Banking Dashboard |
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User Controls |
Included |
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Included |
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Available |
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Zelle® for personal use |
Included |
Click below to contact us, or call 866.755.0628 to speak with a member of our business banking team.
Business Membership Savings FAQs
A Business Membership Savings account gives your business a safe, separate place to hold funds you're not using for daily operations—like an emergency reserve, a cash cushion, or savings kept apart from your checking account. Business Membership Savings is built for exactly that: simple, accessible savings that keep your reserves protected and separate.
Keeping business savings separate from your operating account protects your reserves from accidental spending on day-to-day expenses. It makes it easier to track what's truly available versus what's set aside. It’s one of the simplest ways to build financial stability into your business.
Yes, Business Membership Savings is designed for easy access, so your emergency reserve is available when you need it, without complicated withdrawal rules or unnecessary delays. You can access your funds via our digital banking app or at a branch.
Both accounts help your business build a financial cushion. The right one depends on how much you're setting aside and what you're setting it aside for.
Business Membership Savings: This required account establishes your business membership with the Credit Union. It's built for straightforward, easy-to-access liquidity; think everyday reserves or an emergency cushion you might need on short notice. Low minimum balance of $5 to open and quick access to funds.
Business Money Market Built for businesses holding larger balances with a specific purpose in mind, like tax reserves, payroll buildup, or capital you're setting aside for a known future expense. It offers attractive tiered rates that typically increase your balance, so higher reserves earn more. A Business Money Market account includes check writing and additional money movement features for added flexibility. It's a home for funds you're not touching daily but still want quick access to when needed.
The minimum balance to open a Business Membership Savings is $5, making it easy to open the account and start saving right away. You can avoid the $5 monthly account fee by maintaining a $250 month-end balance.
Yes, as a Business Member, you can easily add Business Membership Savings. Your business banking relationship manager will be happy to set it up for you, or you can call 866.755.0628 to speak with a business banking support specialist. If you’ve yet to open a Business membership, click here to connect with a business banking relationship manager, call 866.755.0628, or visit a branch to join.
*Membership eligibility and account approval required. An active FIG Credit Union business membership with a $5 minimum deposit required to establish and maintain membership, are required. A $5 monthly maintenance fee applies and is waived with a $250 month-end balance. APY = Annual Percentage Yield. 0.05% APY is accurate as of September 22, 2026, is variable, and may change after account opening. Fees may reduce earnings. Optional services may be subject to additional eligibility requirements, fees, and agreements. See the applicable fee schedule and account disclosures for complete terms and conditions.
Zelle® is not currently available to business accounts at Farmers Insurance Federal Credit Union. To send or receive money with Zelle®, both parties must have an eligible checking or savings account. Transactions between enrolled users typically occur in minutes. Payment requests can only be sent to enrolled Zelle® users.
Federally insured by NCUA.