Business Fixed-Rate Certificate
The savings account with a solid work ethic.
Business Fixed-Rate Certificate 101
A certificate is an earnings-driven savings account, similar to a CD, or Certificate of Deposit in the traditional banking world. Open your Business Fixed-Rate Certificate with a deposit of $1,000 or more and choose between a 12, 18, or 36-month term.
Saving smarter just got easier.
You’re busy running your business, so get a savings account you won’t have to micromanage. Our Fixed Rate Certificate makes it easy to stash some savings away immediately and get it growing quickly. With competitive rates and quarterly dividends, you’ll reach your savings goals just by letting this certificate do what it does best (so you have more time to do the same).
Business Fixed-Rate Certificate Rates
| Term Length | 12 Months |
| Dividend Rate | 3.796% |
| Annual Percentage Yield | 3.85% |
| Minimum Opening Deposit | $1,000.00 |
| Dividends Compounded | Quarterly |
| Dividends Credited | Quarterly |
| Term Length | 18 Months |
| Dividend Rate | 3.454% |
| Annual Percentage Yield | 3.50% |
| Minimum Opening Deposit | $1,000.00 |
| Dividends Compounded | Quarterly |
| Dividends Credited | Quarterly |
| Term Length | 24 Months |
| Dividend Rate | 3.308% |
| Annual Percentage Yield | 3.35% |
| Minimum Opening Deposit | $1,000.00 |
| Dividends Compounded | Quarterly |
| Dividends Credited | Quarterly |
| Term Length | 36 Months |
| Dividend Rate | 3.162% |
| Annual Percentage Yield | 3.20% |
| Minimum Opening Deposit | $1,000.00 |
| Dividends Compounded | Quarterly |
| Dividends Credited | Quarterly |
| Term Length | 48 Months |
| Dividend Rate | 3.162% |
| Annual Percentage Yield | 3.20% |
| Minimum Opening Deposit | $1,000.00 |
| Dividends Compounded | Quarterly |
| Dividends Credited | Quarterly |
| Term Length | 60 Months |
| Dividend Rate | 3.211% |
| Annual Percentage Yield | 3.25% |
| Minimum Opening Deposit | $1,000.00 |
| Dividends Compounded | Quarterly |
| Dividends Credited | Quarterly |
*APY = Annual Percentage Yield. No additional deposits are allowed except at maturity or during the grace period.
Early Withdrawal Penalty Fees could reduce earnings. Penalties will/may be imposed for early withdrawal on time accounts. Fees may reduce earnings on the account. Rate may change after account opening. Rate is accurate as of April 7, 2025.
Business Fixed-Rate Certificate Benefits
Get growing
To start seeing dividends that are worth a little commitment, reach out today.
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- Phone: 931.431.6800
- Email: info@forteracu.com
FAQs
Can I add additional deposits to the Business Fixed-Rate Certificate?
Additional deposits are not allowed in the Business Fixed-Rate Certificate.
Who is eligible to open a Business Fixed-Rate Certificate?
To be able to open a Business Fixed-Rate Certificate, you must meet the following eligibility requirements: (1) You must be 18 years of age or older (2) You must live, work, worship, or attend school in one of our service regions; join an affiliated partner, or have an immediate family member who is a Fortera member. Our service regions include Montgomery, Stewart, Chester, Decatur, Lewis, McNairy, and Perry counties in Tennessee or Christian, Trigg, Todd, McLean, and Webster counties in Kentucky. Residents of other counties in Tennessee, Kentucky, Alabama, and Arkansas may also be eligible. (3) You must have a Share Savings Account to establish Fortera Credit Union Membership. (4) You must be a business owner.
What documents do I need to open the Business Fixed-Rate Certificate?
To verify your identity, we always ask that you come prepared with a government-issued ID. It is important that it is not expired. Examples of acceptable IDs include a State Driver's License or a U.S or Foreign Passport. If we have trouble validating your ID, we may ask for a secondary ID. If you have a question about whether or not an ID can be used, just text us at 931.431.6800 or chat with us at forteracu.com. Please click here for full list of the documents you will need.
What are dividends and how do they work for the Business Fixed-Rate Certificate?
Dividends are extra money that your account earns just by being open and meeting our minimum account dividend-earning value. The Business Fixed-Rate Certificate earns dividends quarterly as long as your account has at least $1,000 deposited in it. It is just another way we like to say thank you to our members for trusting us with your hard-earned "dough." To learn more about what the current dividend rate is and our other savings accounts that earn dividends, please see our Rate and Fee Disclosure.
Can I open the Business Fixed-Rate Certificate online or do I need to open it at a branch location?
You do need to call us or come into a branch to open this account. We are working toward having easy online applications soon. In the meantime, please call us at 931.431.6800, email us at info@forteracu.com, or schedule an appointment to open an account.
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