Business Certificates of Deposit with Rates Up to 3.75% APY***
Westerra’s business CDs offer competitive fixed rates, federally insured security, and predictable growth — helping your business build reserves and plan with confidence.
Business Money Market
Grow your business savings with a high-yield savings account option designed to support your success. Earn more with tiered interest rates — the more you save, the more you earn. Enjoy 20 free deposits each month^, plus the peace of mind of a savings solution that helps you build capital without compromising access or flexibility.
Maintain an average daily balance of $5,000^ to avoid a monthly maintenance fee. Whether you're managing cash flow or planning for growth, Westerra Credit Union gives your business the tools to thrive, backed by competitive rates and trusted local support.
Pair Your Savings with a Small Business Checking Account
Keep your cash flow strong and your business moving forward with a checking account built for small business needs. Enjoy easy access, low fees, and tools that work seamlessly with your savings strategy.
Business Savings and CDs FAQs
A personal savings account is designed for individual use, helping you save for personal goals like vacations, emergencies, or large purchases. In contrast, a business savings account is tailored for companies and organizations, providing a secure place to store excess funds, manage cash flow, and earn interest on idle capital. Business accounts often include features like higher transaction limits, integration with business checking, and tools for managing multiple users or accounts.
A business savings account offers several key benefits:
Financial separation
Keeps your business and personal finances distinct, which is essential for accounting and tax purposes.
Interest earnings
Earn interest on surplus funds while maintaining liquidity.
Cash flow management
Helps you set aside money for taxes, payroll, or future investments.
Professional credibility
Demonstrates financial responsibility to lenders and partners.
These features make a business savings account a smart tool for both short-term needs and long-term growth.
A high-yield savings account, often referred to as a money market account, offers a higher interest rate than traditional savings accounts. These accounts typically:
Require a higher minimum balance.
Offer tiered interest rates based on your balance.
Provide limited check-writing or debit access.
They’re ideal for businesses that want to grow their savings faster while still maintaining access to funds when needed.
A Certificate of Deposit (CD) is a time-based savings product that locks in your funds for a fixed term—ranging from a few months to several years—in exchange for a higher, guaranteed interest rate. Benefits include:
Predictable returns
Fixed interest rates mean you know exactly how much you’ll earn.
Higher yields
Typically offer better rates than regular savings or money market accounts.
Low risk
Federally insured and not subject to market fluctuations.
A CD is right for you if you have funds you won’t need immediately and want a safe, stable return.
When deciding between a high-yield savings account and a CD, consider your liquidity needs:
Choose a high-yield savings account if you want flexibility and easy access to your funds while still earning competitive interest.
Opt for a CD if you can commit your funds for a set period and want to maximize your return with a fixed rate.
Both options are excellent for growing your business savings, and many businesses use a combination of both to balance access and earnings.
Business Savings Accounts:
*Annual Percentage Yield. Rates are subject to change without notice. Interest is computed daily and paid monthly. Annual Percentage Yield is based on minimum account balance of $500.00. Upon maturity, certificates may be renewed automatically for the same term and at the current rate unless otherwise stated. Penalties apply for early withdrawal. Amount of penalty for early withdrawal on the amount withdrawn for CD’s is 90 days dividends on CD’s of 12 months or less, and 180 days dividends on CD’s over 12 months, unless otherwise stated. Early withdrawal penalties may affect the principal balance.
Business CD’s
**The dividend rate and APY are subject to change without notice. Dividends are computed using the average 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.
Business CD Promotion:
***The 31‑month Promotional Certificate of Deposit (CD) requires new money. New money is defined as funds that have not been on deposit at Westerra Credit Union for at least 90 days prior to opening the certificate. Funds transferred from existing Westerra Credit Union accounts do not qualify. The CD will automatically renew to a 24-month CD, with APY earnings base rate of interest in effect at that time. A grace period of seven calendar days for renewal is available. Individual Retirement Accounts (IRA) CDs are not included in this offer.
An early withdrawal penalty of 360 days of interest, based on the amount withdrawn, will be assessed for the 31‑month Promotional CD. Penalty may reduce principal. Partial withdrawals are not permitted during the term of the certificate.
Business Money Market Account:
^ The dividend rate and APY are subject to change without notice. Dividends are computed using the average daily balance method and are paid monthly. $5,000 average daily balance to avoid maintenance fee. Any fees may reduce earnings.
