Alaska USA offers a business checking account designed to save your business money. Features include fewer per-check fees, a low minimum deposit, and an opportunity to earn dividends.
Pair business checking with convenient depository services and a free Business Visa® Check Card to simplify your money management!
Alaska USA offers business checking services for businesses of all sizes – meeting your needs efficiently, and with lower fees than you may have come to expect at other financial institutions.
That means you can put more of your money into growing your business
A dividend is calculated for each day that you have at least $1,000 in your account. The more you have on deposit, the higher the dividend rate! Dividends are calculated daily and paid monthly.
If you’re in Alaska, depository access cards and special bags are on hand for use at 24-hour ATM business depositories, available at many Alaska USA locations.
If you’re outside Alaska, you can order customized deposit tickets and use the Member Service Center deposit-by-mail service, or an Alaska USA branch where available.
Eligible businesses can use Remote Business Deposit to make deposits directly from their business location.
When you open an Alaska USA savings account, you can start earning quarterly dividends with a low minimum balance. There are two kinds of savings accounts available:
Share Savings – $50 minimum daily balance to earn dividends ($5 minimum for members less than 26 years of age).
Premium Savings – $10,000 minimum balance to earn dividends.
If your balance changes significantly, you may wish to change your savings account type to earn higher dividends. You may do this one time per dividend period through UltraBranch® Business Edition, by visiting a branch, or by calling the Member Service Center.
When you open a Money Market account, your money works for you by earning dividends based on current market conditions. Additionally, you still have instant access to your funds without a withdrawal penalty.
Alaska USA offers three Money Market accounts. There’s no minimum balance required to open an account, but there are minimum daily balances necessary to earn the stated Annual Percentage Yield (APY).
Money Market account – $2,500 minimum balance to earn dividends.
Super Money Market account – $10,000 minimum balance to earn dividends. Higher dividend rate for balances above $25,000.
Jumbo Money Market account – $50,000 minimum balance to earn dividends. Higher dividend rate for balances above $100,000.
You will earn a different percentage yield based on the type of Money Market account you open. Rates may change daily based on market conditions. Look online for current rate information, or call the Member Service Center.
Make up to six transfers a month from your Money Market account.
When you open a certificate account, you generally earn higher dividends on your funds than a typical savings account. Each account is opened for a set period of time, or term. Throughout the certificate term, your funds earn a guaranteed rate of return over the initial term of the certificate. Open your certificate with as little as $500. Depending on your minimum balance, you can find a term from 30 days up to five years.
Alaska USA offers members competitive certificate rates for consumer, business, and public unit accounts.
Dividends accrue monthly for certificates with a term of 12 months or greater. You may choose to receive your dividend at the end of each calendar month, or have it automatically reinvested back into your certificate for greater earnings. For certificates with terms less than 12 months, dividends are paid at maturity.
When you set up your certificate, you may choose the account where you want your certificate funds deposited when it matures. You may also opt to have those funds automatically reinvested in another certificate. Or, you can request that a check be sent to you. You can change these options at any time during the certificate term.
Laddering is a method that helps you get the most earnings and most flexibility out of your certificates. It allows you to earn market-rate dividends while also having access to your funds within a relatively short period of time.
Start your ladder by opening several certificate accounts that mature at different times. For example, you can open accounts that mature in one year, two years, three years, and four years. Every year, one of your certificates will mature and you can roll it over into a new certificate with a longer term and new rate. Within a few years, you’ll have certificates that renew regularly, with staggered maturity dates.
While certificates are designed to hold your funds for a set length of time, there are options for accessing those funds if you end up needing them: