Business Savings (Share) Account

A Share Savings Account is part of every member’s ownership in KU Credit Union and that is no different for our business members. It starts as soon as you join, and you can deposit and withdraw money at your convenience. And as long as you maintain a $25 minimum balance, the account is always free, is included with every membership, and it makes you eligible for all other services. Daily dividends are posted to your Share account on the first day of each new quarter. Business Share Accounts are:

Flexible – You can deposit and withdraw money any time
Accessible – You can manage your account online, over the phone, at ATMs, or inside a branch.

How to open a business share account:

Come in or call to open your business account. Please bring the entity documents for the business to open your account. Call (800) 897-6991 ext 7770 or Email to talk about your needs.

Business Savings (Share) Rates & Fees

Rates Effective 5/22/2013
Current Annual Percentage Yield:	0.15%
Current Dividend Rate:	0.15%
Minimum Balance:	$25, for membership
Monthly Maintainance Fee:	$0
Service charge fee:	$2.00 per month if minimum balance is not maintained
Savings account closing fee:	$10.00 if account closing fee is opened less than six months
See other service fees that apply to all accounts.
See all business dividend rates.

Sub-Share Account

Sub-share accounts can be used for taxes, a special event, payroll expenses, or quarterly bills. No minimum or opening balance requirements. Sub-savings earn dividends at the regular business savings account rate.

How to open a sub-share account:
You can open a sub-savings account by calling, coming in or by clicking "Open New Account" in eBranch.

Business Money Market Accounts

Our Business Money Market Account rewards you with a competitive rate based on the balance in your account. You also have the security of NCUA insurance and easy access to your money. The higher your account balance, the higher the dividend rate you’ll earn on your savings. There is no penalty for early withdrawal. Up to six withdrawals are permitted per month.

How to open a business money market account:

Come in or call to open your business account. Please bring the entity documents for the business to open your account. Call (800) 897-6991 ext 7770 or Email to talk about your needs.

Rates
Fees

Effective 5/22/2013		Business Money Market Rates
Deposit Amount	ANNUAL PERCENTAGE YIELD	DIVIDEND RATE	MINIMUM BALANCE	DIVIDEND COMPOUNDED
Business Performance Fund (Money Market)			$1,000.00	MONTHLY
$0 - $999	0.10%	0.10%
$1,000 - $4,999	0.10%	0.10%
$5,000 - $9,999	0.10%	0.10%
$10,000 - $24,999	0.15%	0.15%
$25,000 - $49,999	0.20%	0.20%
$50,000 - $74,999	0.20%	0.20%
$75,000+	0.25%	0.25%
Business Performance Plus (Money Market)			$1,000.00	MONTHLY
$0 - $999	0.10%	0.10%
$1,000 - $2,499	0.10%	0.10%
$2,500 - $9,999	0.10%	0.10%
$10,000 - $24,999	0.20%	0.20%
$25,000 - $49,999	0.25%	0.25%
$50,000 - $99,999	0.25%	0.25%
$100,000+	0.25%	0.25%
Advantage Business Money Market*			$0-$49,999	Monthly
$0 - $49,999	0.15%	0.15%
$50,000 - $99,999	0.30%	0.30%
$100,000 - $199,999	0.30%	0.30%
$200,000+	0.30%	0.30%
*Must have an Advantage Business Checking Account to open. Note: Fees may reduce the earnings on some accounts.
See all business dividend rates.

Advantage Business Money Market Service Charge	$10.00 per month if average daily balance is below $10,000.00
Business Performance Fund/ Business Performance Plus service charge	$10.00 per month if average daily balance is below $1,000.00
Excessive draft fee	$10.00 per draft after three drafts per month
Performance Fund drafts	Prices vary for pre-printed drafts
See other service fees that apply to all accounts.

Business Share Certificates

If you need a place to park money for taxes or inventory, share certificates are a good option. You can open one for your business with as little as $500 and earn a higher interest rate on your money. Terms from 91 days to 12 months are available. If you are saving up for an expense that you know is coming down the road a Business Share Certificate is the perfect way to put it aside and let it work for you until you need it. Call 800.897.6991, come in or open your certificate on eBranch. Fees may reduce the dividends on some accounts.

How to open a business share certificate:

Come in or call to open your business account. Please bring the entity documents for the business to open your account. Call (800) 897-6991 ext 7770 or Email to talk about your needs.

Rates & Fees
Benefits

Effective 5/22/2013		Business Share Certificate Rates
TYPE/TERM	ANNUAL PERCENTAGE YIELD	DIVIDEND RATE	MINIMUM BALANCE	DIVIDEND COMPOUNDED
Business Share Certificates Deposits
91 Days	0.20%	0.20%	$500.00	QUARTERLY
182 Days	0.35%	0.35%	$500.00	QUARTERLY
12 Months	0.55%	0.55%	$500.00	QUARTERLY
See all business dividend rates.

Earns Dividends
Federally insured up to $250,000 by the NCUA
Minimum to open a Share Certificate is only $500

Health Savings Account (HSA)

Designed to offset out-of-pocket health care costs, Health Savings Accounts offer a great way for self-employed professionals or employers with a high-deductible health plan (HDHP) to manage health expenses with pre-tax† funds. Here are three good reasons to have one:

Tax Savings. Federally qualified HSA contributions can be deducted from your gross income on your federal tax return, even if you do not itemize your deductions; distributions are tax-free if used for qualified medical expenses; and accumulated funds grow with tax-deferred earnings.
Control. You make all the decisions relating to your account, like whether to save for future expenses or pay current medical expenses and how to invest the funds.
Portability. You own your account, and it goes with you if you change jobs or retire. Funds remain in the account from year to year, just like an IRA.

Rates & Fees
Account Disclosure

Rate and Fee Schedule Pertaining to Membership Share & Health Savings Checking
Effective date: 5/22/2013	HSA Primary Share Account	Health Savings Checking
Dividend Rate/Annual Percentage Yield:	0.15% / 0.15%	0.05% / 0.05%
Dividends Compounded	Monthly	Monthly
Dividends Credited	Monthly	Monthly
Dividends Period	Calendar Month	Calendar Month
Balance Requirements:
Minimum Opening Deposit	$5.00	0.00
Minimum to Avoid Service Fee	$5.00	N/A
Minimum to Earn Stated APY	N/A	N/A

Fee Schedule
Membership Share Account Fees			Health Savings Checking/Debit Account Fees
Service charge	$2.00	Per month if minimum balance is not maintained	Check printing	Prices may vary depending on style.
Closing fee	$10.00	If account is opened less than six months	Service charge	-0-
» See Other Service Fees

This rate and fee schedule is accurate as of this date. Rates and fees are subject to change. If you have questions regarding the rate and fee information, please contact the Credit Union. Revised 5/22/2013.

†Please consult a tax advisor.

The HSA Primary Share and Health Savings Checking are dividend-bearing accounts.

HSA Primary Share requires a minimum $5 balance. Overdraft protection is available from HSA Primary Share. Checks and debit cards are optional and should be used for “normal distributions” only. Therefore, for any other type of Health Savings distribution such as death, disability, or excess contribution removal, contact the credit union to complete a withdrawal form to document the purpose of the distribution.