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BusinessSavings

No-brainer business savings

Earn interest while you save for taxes, insurance, or other business needs. With Westerra's savings^ account for small businesses, you can hit your goals faster and easier.

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Certificates of deposit (AKA CDs)

Put your business's money to work for you with our federally-insured CDs. We pay interest monthly, and there's only a $500 minimum deposit.

6/12/24

Term lengths you can choose for your CD.

$500

All it takes to start.

$250K

The amount of principal and interest that can be federally insured by the National Credit Union Administration.

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Get full-fund-access with money market accounts

Think of money market** accounts like a CD's wilder younger sibling. Get the same high interest rates on your investment dollars — without all the rules. You can still access your money while it earns each month.

$5000

Minimum average balance (otherwise $10 monthly maintenance fee will apply).

Tiered interest rates

The more you save the more you can make with interest rates based on your balance.  

Free cash processing

Get up to $2,500 of free monthly cash processing. It's .10% of the dollar amount thereafter.

20 free deposits each month

Your first 20 deposit items are free each month. After that, each deposit item is $0.20.

Get in touch with a business banking specialist to apply. We'd love to help!

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Run the numbers

Compare today's business rates — including minimum balance, dividend rate, and APY. 

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Savings calculators: Let us do the math 

Compare different rates and possibilities based on your business goals. See what happens when you add your biz + Westerra.

Local checking for local business 

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Your business's one-stop-shop.

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The Westerra humble-brag

→ Why us? Westerra's community is built on meaningful personal relationships, not transactions. We're here for you with real support for your goals, your money and your financial education. That's the Westerra way.

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Rates

^This account establishes your business membership at Westerra and includes a one-time $5 membership fee. Learn about federal regulations on business accounts under the Beneficial Ownership Rule.

Top 5-star rating for financial strength — see www.bauerfinancial.com. Federally insured by NCUA.

*Annual Percentage Yield. The dividend rate and APY are subject to change without notice. Dividends are computed using the daily balance method and are paid monthly. APY based on minimum account balance of $500. Upon maturity, certificates may be renewed automatically for the same term and at the current rate. Penalties apply for early withdrawal. Amount of penalty for early withdrawal on the amount withdrawn for Business CDs is 90 days dividends on CDs of 12 months or less, and 180 days dividends on CDs over 12 months. Early withdrawal penalties may affect the principal balance. **The dividend rate and APY are subject to change without notice. Dividends are computed using the daily balance method and are paid monthly. $5,000 average daily balance to avoid maintenance fee. You are allowed up to six transactions (transfers and withdrawals) per month. Any fees may reduce earnings. ***The dividend rate and APY are subject to change without notice. Dividends are computed using the daily balance method and are paid monthly. APY is based on minimum account balance of $100. You are allowed up to six withdrawals (transfers and withdrawals) per month. Any fees may reduce earnings. ^The dividend rate and APY are subject to change without notice. Dividends are computed using the daily balance method and are paid monthly. $5,000 average daily balance for Business Preferred Checking to avoid maintenance fee. $50,000 average daily balance for Business High Balance Checking to avoid maintenance fee. Any fees may reduce earnings.

View the Westerra Business Banking Fee Schedule.

**Regulation D - Due to reserve requirements on savings accounts, there is a limit of six (6) total phone withdrawals or electronic transfers per calendar month.