The UCU Business High-Interest Savings Account, also known as ucubiz Grow, is a specialized financial product tailored to meet the unique needs of businesses. It offers a high-yield savings solution, providing businesses with the opportunity to earn competitive interest rates on their surplus funds. This means that any idle cash your business holds can work harder for you by generating additional income through the interest earned.

ucubiz Grow prioritizes accessibility, ensuring that you can readily access your funds whenever the need arises. This flexibility is crucial for businesses, as it allows for efficient cash flow management, enabling you to meet unexpected expenses, seize investment opportunities, or address any other financial needs without delay.

By choosing ucubiz Grow, businesses can strike a balance between maximizing their savings potential and maintaining the liquidity required to support ongoing operations and strategic initiatives. This versatile financial account empowers businesses to make the most of their financial resources while offering peace of mind through easy access to funds.

There are several benefits:

• Competitive interest rates: By opting for the ucubiz Grow high interest savings account, businesses can capitalize on competitive interest rates. This means that even idle cash reserves can generate significant returns over time, providing a passive income stream that enhances the overall financial health of the business.
• Easy access to funds: One of the key advantages of this account is its emphasis on accessibility. Businesses can access their funds easily and swiftly whenever they are needed. This accessibility ensures that companies can respond promptly to unforeseen expenses, capitalize on new opportunities, or cover any short-term financial obligations without encountering delays or restrictions.
• No minimum balance requirement: Unlike some traditional banking products that may impose minimum balance requirements, the ucubiz Grow high interest savings account offers the flexibility of opening an account without any such constraints. This makes it accessible to businesses of all sizes, whether they are just starting out or well-established entities.
• Daily interest calculation and monthly compounding: The account features a sophisticated interest calculation mechanism where interest is computed daily and compounded monthly. This approach optimizes the growth potential of your funds by ensuring that your earnings are reinvested regularly, leading to accelerated wealth accumulation over time.

No, there is no monthly fee associated with this account. This means you can enjoy the benefits of a high-interest savings account without any additional charges eating into your earnings. This makes ucubiz Grow an attractive option for businesses of all sizes, allowing you to maximize your return on surplus funds without any hidden costs.

The current interest rate is available on our Rates page or by calling the UCU Contact Centre at 1.800.461.0777.

Interest is calculated on the daily closing balance and paid monthly. This means your money starts working for you right away, from the moment you deposit it into your account. Every day, interest accrues on the end of day balance, maximizing your earning potential.

No, there is no minimum balance required to earn interest on your ucubiz Grow high-interest savings account. ucubiz Grow allows you to earn interest on any surplus funds you have on hand, no matter the amount. This ensures your unutilized cash is working for you instead of sitting idle in a traditional low-interest account.

There are no limitations on the number of withdrawals you can make from your ucubiz Grow high-interest savings account and the account allows two free withdraws per month. However, more frequent withdrawals will be assessed a service charge.

Yes, you can link your ucubiz Grow, business high-interest savings account to your UCU Business Chequing Account for easy transfers between accounts.

You can deposit funds into your account through various methods, including:

• Transfers between UCU accounts
• In-person deposit at a UCU branch
• Free deposit from a UCU or Exchange Networks ATM
• “Deposit Anywhere” using the UCU Mobile Banking App

You can withdraw funds from your account through various methods, including:

• Transfer to another UCU account
• Pre-authorized debits for recurring payments
• Withdrawals in UCU branches and UCU or Exchange Network ATMs

ucubiz Grow integrates with UCU Online Banking and the UCU Mobile Banking App. This allows you to easily monitor your account balance, track interest earned, and initiate transfers between your ucubiz Grow account and other UCU accounts, all from the convenience of your computer or mobile device.

Please visit UCU’s website for our current fees and service charges.