Business Money Maker Account

Here’s a great savings account that will help you manage your money, maintain access to your funds, and earn competitive rates. So start saving today with help from ESL.

I want safe, anytime access to my working capital while I make money.

Open a Business Money Maker Account today.
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  • Features & Benefits

    Our Business Money Maker Account will help you manage your money and save for the future.

    • Take advantage of our competitive rates—they will help you get more from your money.
    • Manage your account whenever it’s most convenient for you—you can get fast, easy access to your account around the clock simply by signing in to business online banking.
    • Leverage the unique Owners’ Dividend*your balances qualify for this ESL extra. It’s one of the many benefits that come from banking with us.​
    • Peace of mind knowing your money is insured (up to $250,000) by the National Credit Union Administration (NCUA).
    *Qualification for the Owners' Dividend is subject to eligibility requirements. Payment of a Dividend is not guaranteed.
     
  • Specifics

    Here’s some additional information to help you understand why our Business Money Maker Account can help you manage your money and save for the future:
     

    • It’s easy to get started. Open your account with $2,500 or more.
    • Save on fees. With a monthly balance of $2,500, you’ll avoid monthly fees on your Business Money Maker Account.
    • Earn more when you save more. Thanks to our tiered rates, you’ll earn higher rates with higher balances.
    • Make unlimited withdrawals at any branch, use your ATM card, or just write a check to access your money. It’s all part of our effort to make business banking easier for you.
    • Get up to six electronic withdrawals and/or transfers per month—that’s the maximum allowed by federal regulation (Federal Reserve Regulation D).
    • Electronic withdrawals and transfers include:
     
  • Rates

    Business Money Maker Account

    Minimum Balance to Open Account: $2,500

    Balance Tiers
    Minimum Balance to Obtain APY
    Dividend Rate
    Annual Percentage Yield
    Balance Tier $0 - 9,999.99
    Minimum Balance to Obtain APY $1
    Dividend Rate 0.050%
    Annual Percentage Yield 0.05%
    Balance Tier $10,000.00 - $49,999.99
    Minimum Balance to Obtain APY $10,000
    Dividend Rate 0.100%
    Annual Percentage Yield 0.10%
    Balance Tier $50,000.00 - $99,999.99
    Minimum Balance to Obtain APY $50,000
    Dividend Rate 0.150%
    Annual Percentage Yield 0.15%
    Balance Tier $100,000.00 - $249,999.99
    Minimum Balance to Obtain APY $100,000
    Dividend Rate 0.150%
    Annual Percentage Yield 0.15%
    Balance Tier $250,000.00 - $499,999.99
    Minimum Balance to Obtain APY $250,000
    Dividend Rate 0.250%
    Annual Percentage Yield 0.25%
    Balance Tier $500,000.00 - $999,999.99
    Minimum Balance to Obtain APY $500,000
    Dividend Rate 0.250%
    Annual Percentage Yield 0.25%
    Balance Tier $1,000,000.00 and greater
    Minimum Balance to Obtain APY $1,000,000
    Dividend Rate 0.250%
    Annual Percentage Yield 0.25%

    Rates accurate as of

     
    .

    All rates subject to change without notice. Annual Percentage Yield (APY) is accurate as of the last dividend declaration date. Fees could reduce earnings in this account.

     
  • Fees

    Learn about the most common fees that are incurred on ESL savings accounts. Click here for a complete listing of all ESL fees.

    Your ESL Business Money Maker Account includes free access to and use of business online banking to check accounts, transfer money, or manage your personal information. This includes free use of online Bill Pay.

    Balance Fees

    Fee Type
    Description
    Fee
    Fee TypeMinimum Average Balance Fee
    DescriptionIf your monthly average balance drops below $2,500, your account will be charged the fee that month.

    - Keep your monthly average balance greater than $2,500
    - Switch to a Business Savings Account if your balance will be consistently under $2,500
    - Set up email alerts to let you know when your balance falls below a certain amount.

    View savings account options
    Fee$7.00

    Fees may change. 

     

    ATM Fees

    Fee Type
    Description
    Fee
    Fee TypeESL Owned ATMs
    DescriptionFees for ATM transactions at ESL owned ATMs. These include transactions such as withdrawals, deposits, and balance inquiries.
    FeeFree
    Fee TypeNon-ESL Owned ATMs
    DescriptionFees for ATM withdrawals at non-ESL owned ATMs. You are charged by ESL and potentially the owner of the ATM when you use a non-ESL ATM.
    Ways to avoid fees- Choose the cash-back feature at many retail stores when using your ESL Business Visa Check Card and entering your PIN.View debit card information
    Fee$1.50
    Owner of ATM may also charge a fee.

    Fees may change. 

     

    Insufficient Funds Fees

    Fee Type
    Description
    Fee
    Fee TypeInsufficient Funds
    DescriptionThere is not enough money in the account for the amount of the transaction (checks, automatic withdrawals via ACH, and ESL Bill Pay), and you are charged a fee. The item may be paid, or if not paid it is returned to the Payee.
    - Monitor account activity with ESL business online banking.
    - Set up email alerts to let you know when your balance falls below a certain amount.
    - Transfer funds from another ESL account via an ESL ATM, business online banking, TEL-E$L, chat or telephone banking , or at an ESL Branch.
    - Ask about overdraft options, such as Business Overdraft Line of Credit, CheckOK and Courtesy Pay.
    Fee$37.00
    The Payee may also charge you a fee
    Fee TypeUncollected Fees
    DescriptionYou have deposited funds, but they are not available in your account for withdrawal. Therefore, you do not have enough money for the amount of the transaction (checks, automatic withdrawals via ACH, and ESL Bill Pay). The item is not paid and returned to the Payee and you are charged a fee.
    Ways to avoid fees- Monitor account activity with ESL business online banking.
    - Set up email alerts to let you know when your balance falls below a certain amount.
    - Transfer funds from another ESL account via an ESL ATM, business online banking, TEL-E$L, chat or telephone banking , or at an ESL Branch.
    - Ask about overdraft options, such as Business Overdraft Line of Credit, CheckOK and Courtesy Pay.
    Fee$37.00
    The Payee may also charge you a fee
    Fee TypeDeposited Items Returned
    DescriptionFor each item you deposit or cash that is returned unpaid. This usually occurs because the person who wrote the check doesn’t have enough funds in their account to cover the amount or because a stop payment was placed.
    Fee$10.00
    Fee TypeACH Deposit Item Returned
    DescriptionFor each ACH deposit item returned unpaid.
    Fee$6.00

    Fees may change. 

     

    Check Fees

    Fee Type
    Description
    Fee
    Fee TypeCheck Printing
    DescriptionVaries by style. Available online, in branch, chat banking, and telephone banking.
    FeeVaries by style
    Fee TypeCheck Protest
    DescriptionFee charged for pursuing collection of a check written that was returned unpaid.
    FeeFree
    Fee TypeCopies of Checks
    DescriptionCopies of deposited or cashed non-ESL checks
    FeeFree

    Fees may change. 

     

    Stop Payment Fees

    Fee Type
    Description
    Fee
    Fee TypeStop Payments
    DescriptionTo request the stop payment of a check or ACH from your account that has not been deposited or cashed by the payee.
    Fee$30.00

    Fees may change. 

     

     
  • How to Open

    It's easy to open a Business Money Maker Account:

    We’ll help you open your Business Money Maker Account right away.

    Learn more about Business Membership Eligibility.