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 0.15%

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 0.10%

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 0.40%
$2,500 $10,000 - $24,999 Variable 0.45%
$2,500 $25,000 - $49,999 Variable 0.50%
$2,500 $50,000 and over Variable 0.55%

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 0.75%
12 Months 1.00%
18 Months 1.10%
24 Months 1.30%
30 Months 1.40%
36 Months 1.55%
48 Months 1.80%
60 Months 2.05%

$25,000 Minimum Balance

Term APY*
6 Months 0.75%
12 Months 1.00%
18 Months 1.10%
24 Months 1.30%
30 Months 1.40%
36 Months 1.55%
48 Months 1.80%
60 Months 2.05%

$50,000 Minimum Balance

Term APY*
6 Months 0.85%
12 Months 1.10%
18 Months 1.15%
24 Months 1.35%
30 Months 1.45%
36 Months 1.60%
48 Months 1.85%
60 Months 2.10%

$100,000 Minimum Balance

Term APY*
6 Months 0.85%
12 Months 1.10%
18 Months 1.15%
24 Months 1.35%
30 Months 1.45%
36 Months 1.60%
48 Months 1.85%
60 Months 2.10%

Rates current as of 3/28/2017.

*APY denotes Annual Percentage Yield.

Except as specifically described, the following disclosures apply to all of the accounts. All accounts described in this Rate and Fee Schedule are share accounts.

1. Rate Information. The Annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. 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 which is set forth in the Rate Schedule. Once a particular balance range is met, the Dividend Rate and Annual Percentage Yield for that balance will apply to the full balance in your account.

2. Nature of Dividends. Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period.

3. Dividend Compounding and Crediting. The compounding and crediting of dividends and dividend period applicable to each account are set forth in the Rate Schedule. The Dividend Period is the period of time at the end of which an account earns dividend credit. The Dividend Period begins on the first calendar day of the period and ends on the last calendar day of the period.

4. Accrual of Dividends. For all accounts, with exceptions to checking accounts, dividends will begin to accrue on deposits the business day you make the deposit to your account. For all accounts, if you close your account before accrued dividends are credited, accrued dividends will not be paid.

5. Balance Information. The minimum balance requirements applicable to each account are set forth in the Rate Schedule. For Checking accounts, no charge for overdraft protection, no limit on debit card usage. For all accounts, there is a minimum daily balance required to obtain the Annual Percentage Yield for the dividend period. If the minimum daily balance is not met, you will not earn the stated Annual Percentage Yield. For all accounts using a Daily Balance method, dividends are calculated by applying a daily periodic rate to the principal in the account each day.

6. Account Limitations. 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)