BUSINESS SAVINGS ACCOUNTS
RadiFi is where your money works as hard as you do.
A Safe Harbor For Your Hard Earned Gains
Our Business Savings Accounts are the smart and sensible way to protect and grow the fruits of your labor.
AN IDEAL PARTNERSHIP FOR BUSINESS SAVINGS
Our Business Savings Accounts are easy to open and access. Start growing your hard earned savings today.
LOW MINIMUM DEPOSIT
Deposit as little as $50 to open an account, and start earning interest^ with a balance as low as $100.
START SAVING TODAY
Make large purchases of all types, overcome unexpected expenses, and meet other challenges with a growing financial reserve.
ROBUST DIGITAL BANKING
Banking for your business has never been easier with free, digital tools.
RAD RATES
|
Account |
Minimum balance to earn dividends |
Dividend Rate |
Annual Percentage Yield* |
|---|---|---|---|
|
*APY = Annual Percentage Yield. APY is effective as of 09/01/2024 and subject to change at any time without notice. |
|||
|
Account Business Savings |
Minimum balance to earn dividends $100 |
Dividend Rate 0.049% |
Annual Percentage Yield* 0.05% |
|
Account Business Interest Checking |
Minimum balance to earn dividends $100 |
Dividend Rate 0.049% |
Annual Percentage Yield* 0.05% |
|
Account Business Non-Profit Checking |
Minimum balance to earn dividends $2,500 |
Dividend Rate 0.049% |
Annual Percentage Yield* 0.05% |
ACCOUNT REQUIREMENTS
- The business entity must be listed as “Active” with the State of Florida (www.sunbiz.org).
- Your business must be located within RadiFi’s field of membership.
- All business owners and signers must be separately eligible for membership and all personal accounts with RadiFi must be in good standing.
- All owners must sign to authorize account opening.
- Additional signers must also sign the appropriate documentation in order to be placed on the account.
- All owners and signers must have a valid/current form of government issued ID.
- Anyone with 25% or more ownership must provide their information for the Beneficial Owner Certification Form.
Please bring the following documentation to any RadiFi branch to open a Business Savings Account:
SOLE PROPRIETORSHIP
• Copy of Driver’s License (must be current/valid).
• Proof of Employer ID Number (EIN) or Social Security Number.
• Fictitious name filing with State of Florida if using a DBA name.
GENERAL PARTNERSHIP/LIMITED PARTNERSHIP
• Copy of Partnership Agreement.
• Fictitious Name Filing if Applicable.
• Proof of Employer ID Number (EIN).
• Verification of principal business address for the business.
LIMITED LIABILITY COMPANY (LLC)
• Copy of Articles of Organization or most recent Amendment to the Articles of Organization
• Proof of Employer ID Number (EIN) (Multi-Member LLC’s) or Social Security Number (Single-Member LLC’s).
• Active Fictitious Name Filing with LLC listed as owner (if LLC is using DBA).
• Verification of principal business address for the business.
CORPORATION
• Copy of Articles of Incorporation or Articles of Amendment
• Copy of Driver’s License for all signers (must be current/valid).
• Proof of Employer ID number (EIN).
• Active Fictitious Name Filing with Corporation listed as owner (if using DBA).
• Verification of principal business address for the business.
CLUBS/ASSOCIATIONS
• Copy of Articles of Incorporation (if Incorporated), Bylaws or Minutes stating the officers representing the
organization.
• Copy of Driver’s License for all signers (must be current/valid).
• Proof of Employer ID Number (If using the EIN of another club or association then a letter from the EIN owner
giving permission to use EIN is required).
• A letter from the organization that acknowledges the account opening, confirms the authorized members able to
open the account(s), and signed by an authorized officer representing the organization.
• Verification of principal business address for the business
All new memberships are subject to review and approval. Credit union programs, services, rates, terms and conditions are subject to change at any time without notice.
OPEN A BUSINESS SAVINGS ACCOUNT TODAY
Visit any RadiFi branch with the information and documentation outlined above to open your Business Savings Account or call us at (904) 475-8000 for assistance.
THE CREDIT UNION DIFFERENCE
^In credit unions, members are owners. Therefore, interest equals dividends.
Disclosures
All new memberships are subject to review and approval. Credit union programs, services, rates, terms and conditions are subject to change at any time without notice.