If you have been looking for a better deal on your business banking, look no further! Minnco has been serving east central Minnesota since 1935 and strongly believes in and supports our community businesses. We pride ourselves on providing fast and friendly service at competitive rates. If you are not currently a member business, contact Jon Swanson at 763-552-6104 for information on what documents you will need to open a business account.
As your primary business account, your Business Savings Account provides you with an excellent base to establish your savings program and acts as a financial building block to other financial products and services that Minnco provides. All business members must maintain a $5.00 balance in savings.
A Money Market Savings Account offers business members greater flexibility with their savings while providing a higher dividend rate than a Regular Business Savings Account. Additional benefits include immediate cash access, no early withdrawal penalty, and (as with all of our savings vehicles) up to $250,000 of insurance through the National Credit Union Administration (NCUA).
Higher Dividend Rates
We've structured our Money Market Savings Account with five different dividend levels to provide members the ability to receive a higher dividend rate as their account balance increases.
Earn higher dividends on tiered balances:
- $1,000 - $2,499.99
- $2,500 - $4,999.99
- $5,000 - $9,999.99
- $10,000 - $24,999.99
- $25,000 and greater
All balances earn the dividend rate within the level achieved and dividends are calculated daily and paid monthly. Dividend rates on the Money Market Savings Account are subject to change on the 15th day of each month. Click here to view our current Money Market Savings Account rates.