BUSINESS accounts
The success of your business matters.
Focus on what matters.
Business owners understand the importance of managing time and money efficiently and effectively. Let us take care of the banking details while you focus on what matters most – growing your business.
Business Savings Account
Become a member and open a Business Savings Account by depositing $5
Earn dividends on deposits over $10
Free access to your account through Online & Mobile Banking
Free Money Management within Online Banking
Free eStatements
Coming Soon - Visa® Business Credit Cards
Access to a variety of Business Loans
Business Checking
Free Access to Online & Mobile Banking
Free Online Transfers and Money Management through Online Banking
Free eStatements
Free Automated Phone Banking
Visa® Business Debit Cards With Contactless Technology
Conveniently deposit checks using Mobile Check Deposit
SEP IRA’s and SEP IRA Certificates
SEP stands for “Simplified Employee Pension” plan. Basically, a SEP IRA is a traditional IRA for businesses, including self-employed.
SEP IRAs, like traditional IRAs, allow earnings to grow tax-deferred.
SEP IRA Minimum Opening Balance: $5
SEP IRA Certificates Minimum Investment: $500
Deposits cannot exceed the lesser of: 25% of employee’s compensation or $58,000 (2021).
Withdrawals can begin at age 59 ½. Mandatory withdrawals at age 72
If withdrawal is made before the owner reaches 59 ½, there is a 10% IRA penalty unless the withdrawal is for: First time home purchase, medical expenses, health insurance premiums, higher education, death, disability, or IRS levy.
To learn more, click here or consult a tax preparer or advisor.
To get started, call:
320.252.5393
Yep, you’ll need paperwork.
Don’t worry, view our checklist to see what’s needed.
Pick a business plan that is right for you!
Business Basic
- Accounts with 19 or less checks deposited per month
- $5 monthly account fee
Business Plus
- Accounts with 20-100 checks deposited per month
- $10 monthly account fee
Avoid fees.
Obtain a loan with competitive rates to get your fees waived!
Membership
Discover the benefits of being a Great River member.
Business Investment Services
Explore the wide range of investment and insurance products for your business.
BECOME A MEMBER
Your story may bring you here in celebration, because of exciting future plans, or a life changing event. Maybe you are struggling and looking for help, or perhaps going to the credit union is an errand in your day. All of these stories matter to us!