Business Savings

You can look forward to:

  • Simple, straightforward account terms
  • Convenient access to your money anytime, anywhere
  • Earn dividends that will help your business grow

Business Savings

Establishing a business savings account with a minimum required deposit of $100.00** makes you a member and part-owner of San Francisco Federal Credit Union. The account provides you an opportunity to save and grow financially with the Credit Union. This is a tiered savings account that pays you dividends based on the balance you have in the account.

**The $100.00 is deposited into your business savings account to establish your membership.

Business Money Market

A Business Money Market Account is a great option if you would like to maximize your earnings while having access to the funds when you need them. This is a tiered account that pays you dividends based on the balance you have. There are no penalties for withdrawal.

Contact us at 1-800-852-7598 ext. 2966


Business Savings FAQs

How many withdrawals can I make from my savings account?

Savings accounts are designed to help consumers save. Per federal law, you can make six (6) withdrawals or transfers from savings products each month. If you exceed the number of allowed withdrawals and transfers, the credit union will charge an Excess Activity Fee.

Does a savings account have a routing number, and can I have a direct deposit set up?

Yes, your savings routing number is the same as for your checking. San Francisco Federal Credit Union’s routing number is 321076441. Direct deposits can be set up to go into your savings account and is a great way to build your savings.

Can I write checks from my savings or money market account?

Our savings products do not allow for check writing. For unlimited check writing capabilities, you can open a checking account.

How is savings interest calculated?

The regular savings use the formula: Daily Balance method. Each day you earn interest on the ending balance that interest earned is added up, not compounded paid out at the end of the month.

What happens when my Certificate/CD Matures?

When you open your CD with us, you will have the opportunity to make arrangements for the money upon the CD maturity date. If you do not make arrangements then, there is a 10-day grace period after your CD reaches maturity during which time you may roll over your balance to a new CD, add funds to the account or reduce the balance. You can also transfer the money to a different account or close the account without penalty.

If you want to roll over your balance to a new CD, please contact us for the latest dividend rates and Annual Percentage Yield (APY) and to discuss term options. We can be reached during regular business hours at 415-775-5377.

Should I select a Traditional IRA or a Roth IRA?

We recommend that you consult your attorney, CPA, or financial advisor on what investment options are best for you.


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