Business Savings Accounts for Southwest Mississippi Businesses

A business savings account is a vital tool for managing your company's finances effectively. It allows you to set aside funds for future growth, unexpected expenses, or new opportunities, all while earning dividends on your balance. By keeping your business savings separate from operational accounts, you maintain clearer financial oversight and discipline.

Ferguson FCU proudly supports local businesses in Brookhaven, Monticello, Columbia, Magee, and New Hebron.

 

Why Your Business Needs a Savings Account

The Role of a Business Savings Account

  • Financial Cushion: Set aside funds to handle unforeseen expenses or economic downturns, ensuring your business remains resilient.

  • Earnings Potential: Idle funds in a savings account accrue dividends, contributing to your business's financial growth.

  • Organized Finances: Separating savings from daily operational funds aids in budgeting and financial planning.

Benefits of a Business Savings Account

  • Secure Deposits: Funds deposited in credit unions are insured by the NCUA up to $250,000, offering peace of mind.

  • Dividend Earnings: Grow your reserves with competitive dividend rates, maximizing the return on your saved funds.

  • Easy Access: Maintain access to your funds when needed, balancing liquidity with savings growth.

 

Business Savings Account Features at Ferguson FCU

Ferguson Federal Credit Union is committed to supporting Southwest Mississippi businesses with tailored financial solutions. Whether you're running a storefront in Columbia, managing a farm in New Hebron, or expanding in Brookhaven, our business savings accounts offer:  

  • Competitive Dividends: Earn dividends on balances of $1,000 or more, enhancing your savings potential.

  • No Hidden Fees: Enjoy straightforward terms without unexpected charges, allowing you to manage your finances confidently.

  • Convenient Banking Access: Utilize our online and mobile banking services to manage your account anytime, anywhere.

 

Why Choose a Credit Union Over a Traditional Bank?

Partnering with a local credit union like Ferguson FCU offers distinct advantages:

  • Personalized Service: As a member-owned institution, we prioritize the needs of our local business community, providing customized financial solutions.

  • Competitive Rates: Our not-for-profit status allows us to offer better rates and lower fees than traditional banks.

  • Community Focus: We reinvest in the local economy, supporting the growth and prosperity of towns like Brookhaven, Monticello, Columbia, Magee, and New Hebron.

 

Questions Business Owners Are Asking

How much can I earn with a Ferguson FCU Business Savings Account?

Our current Business Savings Accounts offer a dividend rate of 0.15% APY*. Earnings depend on the amount you deposit and the term you choose—longer terms may offer even more growth potential. Contact us or check our latest rates online to explore your options.

Is there a minimum balance required?

Yes, our business savings accounts require a minimum balance of $1,000 to start earning dividends. There are no hidden fees, and you’ll always know where your money stands.

 

Open a Business Savings Account Today

Ready to strengthen your business's financial foundation? Partner with Ferguson FCU and watch your business savings grow, backed by a community-focused institution dedicated to your success.

Whether you're just getting started in Magee or growing your business in Columbia, we're here to help.