Business Savings
We won’t try to sell you something, we’ll try to solve you something. Opening your business savings account is the first step in your relationship with Kalsee. Your business savings establishes your membership in the credit union and is a key tool in your financial tool box.
- $1 minimum deposit
- Dividends compound quarterly
- Minimum balance to earn interest is just $50
| Balance Tiers | APY1 | Dividend Rate |
|---|---|---|
| N/A | 0.10% | 0.10% |
Business Money Markets
Diversify your business’s deposits while earning market rates, with liquidity and easy online access. No monthly fee or minimum balance to earn dividends. Grow with us.
- Dividends compound monthly
- Flexible account with up to 6 withdrawals per month
- Convenient online banking access
- Rate adjusts with current market conditions
| Balance Tiers | APY2 | Dividend Rate |
|---|---|---|
| $0 - $19,999 | 0.30% | 0.30% |
| $20,000 - $49,999 | 0.50% | 0.50% |
| $50,000 - $99,999 | 1.00% | 0.99% |
| $100,000 - $199,999 | 2.00% | 1.98% |
| $200,000+ | 3.00% | 2.96% |
1.50%
APY* on up to $100,000
Payment processing and credit card acceptance.
On-site financial wellness coaching for your employees.
Documents needed to open your business account:
Sole Proprietorship
- Valid driver’s license
- Social Security Number (SSN) or Employer Identification Number (EIN) Assignment Letter
- Assumed Name Certificate
Partnership
- Valid driver’s license for each partner
- Employer Identification Number (EIN) Assignment Letter
- Assumed Name Certificate
- Certificate of Co-Partnership
- Partnership Agreement
- At least two partners and anyone who owns 20% or more of the business must be present at account opening
Limited Liability Company (LLC)
- Valid driver’s license
- Employer Identification Number (EIN) Assignment Letter
- Assumed Name Certificate (if applicable)
- Certificate of Good Standing
- Articles of Organization
- Operating Agreement (not required for single member LLC)
- At least two LLC members and anyone who owns 20% or more of the business must be present at account opening
Corporation
- Valid driver’s license for each authorized signer
- Employer Identification Number (EIN) Assignment Letter
- Assumed Name Certificate (if applicable)
- Certificate of Good Standing
- Corporate Resolution (to obtain credit and grant collateral)
- Articles of Incorporation
- At least two officers of the corporation and anyone who owns 20% or more of the business must be present at account opening
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1 APY = Annual Percentage Yield.
2 APY = Annual Percentage Yield. Rates are variable, subject to change at any time without notice. Fees may reduce earnings. Rates effective Friday, June 13, 2025. $50 minimum deposit required to open account.