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.