Business Interest Checking

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Business Interest Checking

Earn money on the money your business uses every day! The GenFed Business Interest Checking account is designed for Sole Proprietorships and Not-for-Profits. Check out the services and benefits of this account:

Minimum opening deposit $50
Competitive Interest
Only $1,500 minimum balance to avoid a low monthly fee of $6
1,000 FREE monthly transaction items
Up to $10,000 currency deposited per month FREE
Earn interest and get FREE checks!

Competitive Rates

Business Interest Checking
Effective Date: 6/1/2025
Name	Required Opening Deposit	Minimum Balance to Earn Dividends	Dividend Rate/APY (Interest Rate)
Business Interest Checking	$50	$1,500.00	0.05%
Regular savings, money markets, accumulators and checking: Rates are subject to change at any time. Annual percentage yield on regular savings accounts is accurate as of the last declaration date of 1/1/2023. Rates may change after a savings, money market or checking account is opened. Disclosures available upon request. Minimum balance to earn dividends is $100 for regular savings, $1,000 for IRA, $2,000 for money market, $75000.01 for Jumbo Money Market and $1500 for eInterest and second tier of Premier Interest checking. Fees could reduce earnings on accounts. We may offer different rates in the future. APY = annual percentage yield.

Get More Done

We make it easy to manage your business checking account, so you can spend more time managing your business.

Free Online and Mobile Banking with Text Alerts
Free Mobile Banking with Mobile Deposit
Free Debit Card with access to over 100,000 ATMs Nationwide
Free Bill Pay
Free Debit Card with unlimited transactions
Free eStatements with Online Check Images (or free paper statements)
Free Thank You Gift

We’ll buy back your unused checks and debit cards from another financial institution up to $10
Full business day deposit policy (no business day cut-off time for deposits)
Pop Money person to person payments
Free notary service
Branch night drop
Overdraft Protection options
Merchant Services / Credit Card Processing

Check out our small business and tax planning service centers!

See rates page for full rates disclosures.

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