Business Savings
Online Access1 for Business Accounts2
KTVAECU® now has even more powerful online banking tools for business owners with Online Access for Business Accounts! With Online Access for Business Accounts, you manage who has access to online banking business account. With Online Access, you decide who can:
- Make and/or schedule transfers
- Export account history
- View eStatements7
- Use Bill Pay3
- And much more!
Find out more about how Online Access can help manage your business BETTER!
Business Savings Accounts earn competitive dividend rates and are the simplest, most flexible way to save. Looking for a higher return on savings?
- The Member-Managed Funds Account5 is a tiered money market account offering higher dividends based on the account balance.
- Business Certificate Accounts6 offer higher return rates for a specific period to best fit your organization's needs
1Some restrictions may apply. Ask for details.
2Must use eStatement for no-fee option. Available to qualifying Members. Some restrictions may apply. Fees may apply. Ask for details. $5.00 minimum balance required for Business Share.
3Available to qualifying Members. Some restrictions may apply. Message and data rates may apply. Ask for details.
4Must use eStatement for no-fee option. Available to qualifying Members. Some restrictions may apply. Fees may apply. Ask for details. Dividends accrue daily; compound quarterly. $5.00 minimum balance.
5APY = Annual Percentage Yield. Member-Managed Funds may be designated as a savings or checking account. No minimum balance required, but the minimum balance of $2500.00 required to earn dividends. Member-Managed Checking Accounts offer unlimited transfers. In accordance with Regulation D, Member-Managed Savings Accounts offer six non-signature transfers per month. Non-signature transactions may include those made over the phone, via online or telephone banking, or automatically by the Credit Union. No monthly fee if enrolled in eStatements or $2.00 per month for paper statements (if under the age of 18, Senior Member Accounts, and department SSI excluded). Ask for details. Available to qualifying Members. Some restrictions may apply. Fees may apply.
6APY = Annual Percentage Yield. Rates are subject to change without notice. Fees may reduce the earnings on some accounts. Certificate Accounts with maturities of seventeen (17) months or less have a penalty for early withdrawal of an amount equal to ninety (90) days dividends. Certificate Accounts with maturities of eighteen (18) months or more have a penalty for early withdrawal of an amount equal to 180 days dividends. Dividends can be added back to the account, transferred to another Knoxville TVA Employees Credit Union account or mailed to you each month. Annual Percentage Yield applies when the dividend is reinvested in the account. Certificate Accounts (other than Educational Savings) can be designated as an Individual Retirement Account (IRA) or Health Savings Account (HSA).
Certificate Accounts with an initial minimum of $100,000.00 may add 0.10 to the dividend rate above. Certificate Accounts with an initial minimum of $250,000.00 may add 0.20 to the dividend rate above.
IRA Certificates may add 0.10 to the dividend rate above.
Some restrictions may apply. Ask for details. Talk to a financial advisor regarding individual scenarios. There is a charge for non-club checks.
7Receive a paper statement in the mail for $2.00 per month or enroll in free eStatements (electronic statements). Members under the age of 18, Senior Member Accounts, and department SSI excluded. Ask for details.
