The simplest solution for business savings
Flexible funds meet everyday access with our most straightforward business savings account.
Your business savings goals start here.
The journey of a million dollars starts with a single business savings account. Our Business Member Savings account makes it simple: keep your funds within reach and earn some interest1 on top.
Open, for business
Easily make deposits, transfer funds, and create sub-savings accounts.
Earn 0.25% APY
On balances of $100+.
Out-of-office access
Check balances, transfer funds, and manage your account any time, online or from your phone.
Business Member Checking FAQs
It’s easy: just keep $100 or more in your account, and you’ll earn interest each month at a rate of 0.25% APY!
We try to keep this simple, too: there’s no minimum balance required to open a Business Member Savings account, but you need to keep up a daily balance of $300 or more to avoid paying a $5 monthly fee.
Additionally, if your business isn’t already an LMCU member, we will require a one-time, $5 membership fee.
Any business looking for a dedicated place to start building its reserves could benefit from a business savings account. These reserves can prepare your business for unexpected expenses, stay organized, and plan for future growth without impacting your everyday cash flow.
Business checking accounts are built for daily transactions like payments and expenses, while a savings account is designed to hold funds you don’t need right away.
Here at LMCU, both our business checking accounts and savings accounts are secure, flexible places to keep your business’s money, but our checking accounts prioritize ease of access through checks and debit cards, while accounts like our Business Member Savings account make it easier to earn interest.
Let’s get started.
Your bottom line is our top priority.
Disclosures
Rate as of 9/11/2026 and subject to change after account opening. $100 minimum balance required to earn interest. Fees may reduce earnings.
