Business Select Savings Account
Your Business Select Savings Account isn’t just another place to park cash. It’s your goal-getting sidekick.
Name It. Save It. Grow Toward It.
Give your Business Select Savings Account a name that means something, like “New Equipment Fund” or “Future Headquarters,” then turn your business dreams into something you can actually see growing, dollar by dollar.
When you name your savings goal, you’re more likely to reach it.
Just $5 to Get Started, then Name Your Account
A low minimum opening balance of $5 makes it easy to begin saving for what matters to you.
Once opened, rename the account with your goal because the name brings clarity. How to rename? Log into your online banking account or mobile app, select the account, then “Account Information” and then type your new account name into the available field. It’s that simple.
Great Goal-Getting Savings with Daily Compounding, Monthly Dividends
When you maintain a monthly balance of $100 or more, your money earns dividends every day, and those earnings are credited monthly, giving your savings steady momentum.
If you can, allocate a set dollar amount from another business account to be automatically deposited into the account so your goal-getting savings grow steadily without any extra effort.
Open One or Many. Temptation Removed.
Need separate buckets for exhibiting in your industry’s premier trade show or contracting for a new market analysis? Open as many of the Business Select Savings Accounts as you like to match your unique business goals and organize your business finances with intention.
Plus, this savings account doesn’t come with a debit card. With no direct access to spending, your savings are safe from impulse purchases.
Flower Shop Owner Turns a Dream into Drive
Picture this: Claire owns a small flower shop. Business is buzzing with floral designs, and for the first time, she’s dreaming bigger. She wants to buy a delivery van.
Dreams need structure, and structure needs a savings strategy. Enter the Business Select Savings Account. Claire opens one and names it, Petals on Wheels. Every time she transfers funds into this account, she gets a jolt of motivation. This name in online banking reminds her exactly why she’s saving.
Six months later, Claire is not just arranging bouquets, she’s loading them into her new van with logo and all.
Required Documents to Open this Account
To get started, you’ll need a few essential documents on hand so we can verify your identity and set you up for smart, stress-free savings. It’s all part of keeping your money secure and your goals within reach.
For more information and disclosures about this account, please click the Business Disclosures link at the bottom of this page.
Headquartered in Winston-Salem, North Carolina, and founded in 1949 within the aviation industry, Piedmont Advantage Credit Union (PACU) serves member-owners, who reside, work, worship, attend school or operate a business in one of the six counties it serves in North Carolina or who are employed by one of its many employer companies. These six counties are Davie, Forsyth, Guilford, Iredell, Mecklenburg and Rockingham.