Shell FCU | Business Accounts

Business Accounts

Shell FCU accounts are insured up to $250,000 by the National Credit Union Administration, or NCUA. The NCUA is an independent agency of the United States Government. It regulates, charters and insures the nation's federal credit unions.

Savings

Product Name Initial Deposit Minimum Balance Rate Type APY*
Business Savings $10 $10 Variable 0.10%

Shell FCU's Business Savings Accounts offer competitive rates and liquidity to help you manage day-to-day cash flow.

Checking

Shell FCU offers multiple business checking account options to best fit your business needs.

Product Name Initial Deposit Minimum Balance Rate Type APY*
Business Checking $50 $0 N/A N/A

The Business Checking Account is designed for small to mid-sized businesses that process a low number of transactions each month.

  • Unlimited items processing at no monthly charge
Business Premier Checking $500 $10,000** Variable 0.05%

Shell FCU's Business Premier Checking Account is designed for businesses that process a moderate number of transactions each month.

  • **No monthly fee with minimum daily balance of $10,000
  • Unlimited items processing at no monthly charge

Money Market

Product Name Initial Deposit Account Balance Rate Type APY*
Money Market $2,500 $2,500 - $9,999 Variable 1.75%
$2,500 $10,000 - $24,999 Variable 1.85%
$2,500 $25,000 - $49,999 Variable 1.95%
$2,500 $50,000 and over Variable 2.25%

When your regular monthly balance reaches $2,500, talk with us about moving your money to our Business Money Market Account, which pays a slightly higher dividend and lets you write checks and use preauthorized withdrawals. We want you to earn the highest possible dividend, and when you're a Shell FCU business member, you've got us looking out for your best interest.

Share Certificates

$500 Minimum Balance

Term APY*
6 Months 3.75%
12 Months 4.75%
18 Months 4.75%
24 Months 4.50%
30 Months 4.00%
36 Months 4.10%
48 Months 3.85%
60 Months 3.85%

$25,000 Minimum Balance

Term APY*
6 Months 3.75%
12 Months 4.75%
18 Months 4.75%
24 Months 4.50%
30 Months 4.00%
36 Months 4.10%
48 Months 3.85%
60 Months 3.85%

$50,000 Minimum Balance

Term APY*
6 Months 3.90%
12 Months 4.90%
18 Months 4.90%
24 Months 4.65%
30 Months 4.15%
36 Months 4.25%
48 Months 4.00%
60 Months 4.00%

$100,000 Minimum Balance

Term APY*
6 Months 3.90%
12 Months 4.90%
18 Months 4.90%
24 Months 4.65%
30 Months 4.15%
36 Months 4.25%
48 Months 4.00%
60 Months 4.00%

Rates current as of 05/29/2023.

*APY denotes Annual Percentage Yield. Fees could reduce earnings on accounts.

Except as specifically described, the following disclosures apply to all business accounts. All accounts are share accounts.

For Business Membership Savings, Business Special Savings, Business Checking, Business Premier Checking and Business Money Market, the Dividend Rate and Annual Percentage Yield may change at any time as determined by the Credit Union Board of Directors. The Dividend Rates and Annual Percentage Yields are the rates and yields as of the last dividend declaration date.

For Savings accounts Reg. D transaction limitation requirements do apply. For Checking accounts, account limitations may apply. For Money Market accounts no more than 6 pre-authorized automatic or telephone transfers from this account to another account of yours or to a third party in any month and no more than 3 of these 6 transfers may be made by check or draft to a third party. (Reg. D requirement)

Contact Shell FCU for additional product details including earned dividend information, minimum deposit and balance requirements to earn the stated APY, and other important account terms and conditions.