CapEd’s Business Accounts are designed for your business’s daily operations. We work to keep things simple so you can focus on your business.
CapEd Business Checking and Savings
Comes with Visa® Business Debit Card for each signer and no minimum monthly balance or maintenance charge when you have 300 or less transactions. A nominal $8.00 charge per month with more than 300 transactions, but that’s a lot of action for free.
Overdraft Protection and Privilege. You can use your savings for Overdraft Protection so you are covered if your account clears a check without enough funds. Business Lines of Credit are available for additional coverage. Qualifying accounts receive up to $1,000 Overdraft Privilege. So if you need, you can overdraw your account up to your set limit for a small charge.
Business Share Certificates and Money Market Accounts
We kept this really simple. Business Share Certificates and Money Market Accounts earn the same interests as our competitive regular Share Certificates and Money Market Accounts.
Simplified Employee Pension (SEP) IRAs
To help keep things simple for retirement we provide a Simplified Employee Pension (SEP) Individual Retirement Account (IRA) where you make a contribution on your employees’ behalf. These SEP plans are easy to setup and administer. For growing businesses this is a great way to retain talent and build a foundation for more complicated plans. Need help with payroll administration? Learn more on how we can assist with this as well (linked to Direct Deposit & Payroll page).
Things to Know
Signers on CapEd Business Accounts must qualify for credit union membership. This is pretty simple as well. See here how you can qualify to join CapEd Credit Union.
To open a CapEd Business Account we’ll need a few documents to identify you as a legitimate business. See what documents you’ll need to provide.