We take your business banking personally. Telhio offers a wide range of interest-earning business savings account options to help you maximize your earnings. Like our personal savings accounts, a business account is your first step to becoming a Telhio member. All you need to start a business savings account is $5. As soon as it is open, enjoy the benefits of competitive annual percentage yield on your savings account.

Business Money Market Account


A Telhio Business IMMA is a high-yield savings plan with no fees or early withdrawal penalties. You can open an account with a minimum deposit and dividends are earned daily and paid monthly.

Deposit

Rate

APY*

Deposit

$0.01 to $9,999.00

Rate

0.03%

APY*

0.03%

Deposit

$10,000.00 to $24,999.99

Rate

0.05%

APY*

0.05%

Deposit

$25,000.00 to $49,999.99

Rate

0.08%

APY*

0.08%

Deposit

$50,000.00 to $99,999.99

Rate

0.10%

APY*

0.10%

Deposit

$100,000.00+

Rate

0.15%

APY*

0.15%

Rates effective Midnight on Monday, August 10, 2020

* APY = Annual Percentage Yield. Fees such as a penalty for early withdrawal on Share CDs may reduce earnings. Minimum of $250.00 required to earn interest on Share Savings. Telhio Savings account (non CD) products are variable rate and the dividend rate for the current quarter is declared at the last monthly Board of Directors meeting of the quarter.

Business CDs

If you want to earn higher interest and can afford to place your money in deposit for set period of time, a Certificate of Deposit (CD) might be for you!



Term

Deposit

Rate

APY*

Term

91 Days

Deposit

$500.00

Rate

0.05%

APY*

0.05%

Term

6 Months

Deposit

$500.00

Rate

0.05%

APY*

0.05%

Term

9 Months

Deposit

$500.00

Rate

0.15%

APY*

0.15%

Term

12 Months

Deposit

$500.00

Rate

0.20%

APY*

0.20%

Term

18 Months

Deposit

$500.00

Rate

0.30%

APY*

0.30%

Term

24 Months

Deposit

$500.00

Rate

0.35%

APY*

0.35%

Term

36 Months

Deposit

$500.00

Rate

0.40%

APY*

0.40%

Term

48 Months

Deposit

$500.00

Rate

0.45%

APY*

0.45%

Term

60 Months

Deposit

$500.00

Rate

0.55%

APY*

0.55%

Rates effective Midnight on Wednesday, July 1, 2020

* APY = Annual Percentage Yield. Fees such as a penalty for early withdrawal on Share CDs may reduce earnings. Minimum of $250.00 required to earn interest on Share Savings. Telhio Savings account (non CD) products are variable rate and the dividend rate for the current quarter is declared at the last monthly Board of Directors meeting of the quarter.

Business Savings Account

Our standard business savings account.



Deposit

Rate

APY*

Deposit

$250.00

Rate

0.03%

APY*

0.03%

Rates effective Midnight on Friday, May 1, 2020

* APY = Annual Percentage Yield. Fees such as a penalty for early withdrawal on Share CDs may reduce earnings. Minimum of $250.00 required to earn interest on Share Savings. Telhio Savings account (non CD) products are variable rate and the dividend rate for the current quarter is declared at the last monthly Board of Directors meeting of the quarter.

Prohibition Against Unlawful Internet Gambling
Federal law, the Unlawful Internet Gambling Enforcement Act of 2006, and implementing regulations prohibit commercial customers from receiving deposits or other credits of any kind relating to their operation of an illegal Internet gambling business. Telhio Credit Union is required to enforce this prohibition.