Available nationwide, the Greenwood Credit Union Business Money Market account is offering up to 1.25% APY on your funds.
Greenwood Credit Union Business Money Market Review
Greenwood Credit Union is headquartered in Warwick and is the 3rd largest credit union in the state of Rhode Island. It is also the 543rd largest credit union in the nation. It was established in 1948 and as of June of 2022, it had grown to 76 employees and 83,323 members at 2 locations. Greenwood Credit Union’s money market rates are 3X the national average, and it has an A health rating.
Eligibility: Membership in Greenwood Credit Union is open to anyone (regardless of residency status) by opening and maintaining a Share Account, with a minimum of a $5.00 balance. See current membership details.
Greenwood Credit Union Business Money Market Rate
- Eligible account: Business Money Market
- Credit Inquiry: Soft Pull or Hard Pull?
- Where it’s available: Nationwide (Locator)
- Opening Deposit: None listed
- Monthly fee: $2,500
- Early Termination Fee: None listed, check with CSR
(See current rates here)
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How to Earn Rate
- Open a Business Money Market account with a minimum of $2,500.
- Earn the listed APY based on your account balance.
| Balance | APY |
| $0.00 – $2,499.99 | 0.00% |
| $2,500.00 – $24,999.99 | 0.65% |
| $25,000.00-$99,999.99 | 0.75% |
| $100,000.00-$249,999.99 | 0.85% |
| $250,000.00+ | 1.25% |
Account Features
- It’s a great way to earn a higher interest rate and still keep your money available to you.
- There are no monthly maintenance fees.
- FREE online business banking .
- This business money market account also has capability for direct deposit, so you can feed excess funds from your business checking into it automatically.
- Choose quarterly mail or e-statements.
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Conclusion
Greenwood Credit Union is offering a relatively competitive interest rate with this account, however, you’ll need a higher balance to earn the highest tiered rate.
In addition to the rate, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
Let us know about your experience with this bank and comment below.
