Business Savings

Park your working capital in a Business Share Account or make your profits work harder in a Business Money Market. Enjoy higher rates and all the other perks of membership.

  • No monthly service charge
  • Low minimum balance
  • Variable interest rates

What you need to open an account


To open a business checking account, simply provide the documents required for your type of business.
  • Articles of incorporation, a document that states the primary rules governing the management of a corporation that has been filed with the state or other regulatory agency
  • Federal Employee Identification Number (EIN)
  • If you don’t have an EIN, you can apply for one at www.IRS.GOV
  • Business status listed as “active”, “current” or “in good standing” on the Secretary of State website at www.MAINE.GOV
  • Identification documents for all Authorized Signers

Same identification requirements as for an individual account

  • Same identification requirements as for an individual account
  • Federal Employee Identification Number (EIN)
  • If you don’t have an EIN, you can apply for one at www.IRS.GOV
  • Identification documents for all Authorized Signers
  • Federal Employee Identification Number (EIN) or Social Security Number
    if LLC is owned by a single individual
  • Articles of Organization, a document that outlines the initial statements required to form an LLC at the state level
  • Business status listed as “active”, “current” or “in good standing” on the Secretary of State website at www.MAINE.GOV
  • Partnership Agreement
  • Federal Employee Identification Number (EIN) or Social Security Number if LLC is owned by a single individual
  • Business status listed as “active”, “current” or “in good standing” on the Secretary of State website at www.MAINE.GOV
  • Identification documents for all Authorized Signers
  • Federal Employer Identification Number (Federal EIN) of the corporation sponsoring the club/organization
  • Recent letter from the sponsoring organization confirming that the club/organization is authorized to open the account

Business Share Account Dividend Rates

Business Money Market Share Accounts

TierVariable Dividend Rate*Annual Percentage YieldMinimum Balance to Open/Obtain Annual Percentage Yield
$1,000.00 – $24,999.992.47%2.50%$1,000.00
$25,000.00 – $49,999.992.62%2.65%$25,000.00
$50,000.00 – $99,999.992.76%2.80%$50,000.00
$100,000 and over3.11%3.15%$100,000.00
$250,000 and over3.40%3.45%$250,000.00

View Disclosures

Rates are subject to change without notice once the account has been opened. Fees may reduce earnings. Stated minimum opening balance is required to obtain Annual Percentage Yield on all deposit accounts.

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Disclosures

Rates are effective October 1, 2026, and are subject to change without notice once the account has been opened. Fees may reduce earnings. Stated minimum opening balance is required to obtain Annual Percentage Yield on all deposit accounts.