Business Accounts
Savings Account Rates
| Business Savings Accounts (Rates effective 2023-07-13) | Rates |
|---|---|
| Regular Business Savings | 0.05% |
| High Interest Business Savings | 1.50% |
| US Savings | 0.05% |
Business Chequing Account Rates
Currently, none of Belgian-Alliance Credit Union's Business Chequing Accounts pay interest. Please visit our Accounts page for details on our Business Chequing Accounts.
Unauthorized Overdraft Rate is 29.0% on all Business Chequing and Savings Accounts.
Notes
Regular Business Savings accounts pay interest monthly on the last day of each month. Interest is calculated on the daily based on the applicable tier.High Interest Business Savings and US Savings accounts pay interest monthly on the last day of each month. Interest is calculated on the lowest monthly balance.
e.g.: A consistent balance of $25,000 for the duration of an entire month earns the rate shown at the end of the month. However, if the balance was depleted to $5,000 at any time during the month, interest is calculated and paid based on this lower amount.
