Business Banking

Explore our comprehensive suite of Business Banking solutions designed to meet the financial needs of your business. From savings accounts to specialized business services, we're here to support your growth.
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Business Banking Solutions

Discover our range of Business Banking options tailored to help you manage your business finances effectively and efficiently.
  • Access a suite of business banking products designed to suit your specific needs.
  • Manage multiple related entities (EINs) conveniently.
  • Enjoy online tools for creating ACH and Wire Transfers.
  • Link external accounts to streamline your business finances.
Explore

Business Banking Products

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CD Share Certificate

Business CDs

  • Choose from any of our terms
  • 3–60 month terms
To see the full table, scroll horizontally.
term (months)
Rate
APY1
Jumbo Rate
Jumbo APY1
3
0.0075
0.0075
0.0080
0.0080
6*
0.0535
0.0550
0.0540
0.0555
9
0.0488
0.0500
0.0493
0.0505
12
0.0296
0.0300
0.0301
0.0306
15
0.0296
0.0300
0.0301
0.0306
24
0.0344
0.0350
0.0349
0.0355
36
0.0344
0.0350
0.0349
0.0355
48
0.0344
0.0350
0.0349
0.0355
60
0.0368
0.0375
0.0373
0.0380
View Disclosures
Annual Percentage Yield (APY). The APY and dividend rates are effective as of 04/29/2023 and may change at any time without notice. A minimum deposit of $250.00 is required to open and earn APY. The APY for all Share Certificates assumes the dividend will remain in the account until maturity. Withdrawal of dividends prior to maturity will reduce earnings. A penalty will be imposed for the withdrawal of the principal before maturity. At maturity, Share Certificates will renew at the same term unless you inform us otherwise. Jumbo rates apply for deposits of $100,000 or more. *New Money Only
  • New Money Only
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Money Market Account

Business Money Market

  • Available products: Premium Business Money Market, Business High-Yield Money Market
  • No Checking Account required

Account Type

To see the full table, scroll horizontally.
Balance
Rate
APY1
$25,000+
0.0320
0.0325
$0 - $24,999.99
0.0000
0.0000
View Disclosures
Annual Percentage Yield (APY) is 3.25%. The Business Money Market APY and Dividend Rate are in effect as of 6/01/2023 This offer may be discontinued by the Credit Union at any time. The minimum deposit to open a Premium Money Market Account is $500 and there is a minimum daily balance of $25,000 to earn the stated APY. If the balance in the Premium Money Market Account falls below $25,000 for any day during the month, no interest will be paid for that dividend period. The daily balance is the balance of your Account at the end of the day. Fees may reduce earnings. New money only. Federally insured by the NCUA.
To see the full set of data, scroll horizontally.
Balance
Rate
APY1
$0 - $199,999.99
0.0000
0.0000
$200,000 +
0.0393
0.0400
View Disclosures
Annual Percentage Yield (APY) is 4.00%. The Business High-Yield Money Market APY and Dividend Rate are in effect as of 6/21/2023 This offer may be discontinued by the Credit Union at any time. The minimum deposit to open a High-Yield Money Market Account is $500.00 and there is a minimum daily balance of $200,000.00 to earn the stated APY. If the balance in the High-Yield Money Market Account falls below $200,000.00 for any day during the month, no interest will be paid for that dividend period. The daily balance is the balance of your Account at the end of the day. Fees may reduce earnings. New money only. Federally insured by the NCUA.
FINCEN

Beneficial Owner Information

The federal government is making changes to the collection of beneficial owner information (BOI) which you certify each time you open a bank account for your business.

You will now be required to file the information with the federal government directly. The purpose of collecting BOI is to promote transparency in the ownership of businesses for our law enforcement community.
Learn More
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empowering your workplace

Direct@Work

Join Direct@Work, our exclusive workplace banking program, designed to enhance financial well-being for employees and their families. Together, we can build a stronger community.
Learn More about Direct@Work

Services

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Frequently Asked Questions

Use the search bar below to sort through our library of FAQs to learn more about a specific product, service, or process.
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Do you offer SBA loans?

Yes, we offer SBA loans!


Request more information >

How can I check the status of an application?

If you are an existing member, the easiest way to check the status of an application is through the Application Center within Digital Banking.

Check Status as a Member >


If you are not a member, please visit our Application Status Center.

Check Application Status >

How are Money Market dividends compounded?

Money Market dividends are are compounded monthly, and posted monthly.

Are my deposits insured?

We are  federally Insured by the NCUA. The National Credit Union Share Insurance Fund  was created by Congress in 1970 to insure members' deposits in federally  insured credit unions. Each credit union member has at least $250,000 in total coverage in individual accounts.

The  Share Insurance Fund also separately protects members’ IRA accounts up to  $250,000 and provides additional coverage for members’ trust accounts.

The  Share Insurance Fund has the backing of the full faith and credit of the  United States. Credit union members have never lost even a penny of insured savings at a federally insured credit union.

When is the dividend rate in effect?

Dividends start to accrue on the date the  account is funded.

Can I add more money to my CD account?

Funds cannot be added to an existing CD Share Certificate.

Can I withdraw my CD dividends?

Monthly dividends are available for withdrawal without penalty.

How are CD dividends compounded?

CD dividends are compounded daily and posted monthly.

Glossary

Not-for-Profit

Direct Federal is a not-for-profit, meaning that earnings are invested right back into the credit union. And that means Direct Federal can offer lower loan rates and higher deposit rates that you simply won't see anywhere else.

Well-Capitalized Financial Institution

Credit unions are among the most well-capitalized financial institutions, maintaining equity reserves and investments that prioritize needed safety and soundness for their members.


Direct Federal is no exception to this. Our conservative balance sheet management and strong capital position makes us significantly different from financial institutions in the news.

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