Business Checking and Savings Accounts
Track your business income and expenses efficiently
As a business owner, you’ll certainly want to separate your personal and business finances. By opening a business checking and savings account with Cedar Point Federal Credit Union®, you can do that and much more. You’ll enhance your businesses’ credibility, simplify tax reporting, improve cash flow management, establish a business credit history, track income and expenses, and maintain legal compliance.
Business Savings
A basic savings account comes with your Cedar Point business membership. You may open additional accounts at any time.
Why open a business savings account with Cedar Point?
- Minimum opening balance of $5.00
- No monthly fee
- Receive statements by mail or electronically
- Dividends issued quarterly with an average daily balance of at least $100
Business Checking
Your business is also eligible to open a checking account, so you can have ready access to your funds. Cedar Point business members can use a debit card to make purchases, write checks, and withdraw money at a branch or ATM.
Why open a business checking account with Cedar Point?
- No minimum balance requirement
- No monthly fee
- Dividends issued quarterly with an average daily balance of at least $500
- Mailed or electronic statements
While the rate and fee structure of business accounts is similar to our individual accounts, there are some differences. Please be sure to read the appropriate disclosures.
