Business Interest Plus Checking
Earn more on your everyday balances with Beacon Credit Union’s Business Interest Plus Checking account, featuring a competitive APY, no monthly maintenance fees, and convenient digital banking tools for businesses across Central and Southwest Virginia.
Business Interest Plus Checking
Competitive Interest for Your Business
The Business Interest Plus Checking Account helps your business grow with a competitive 4.04% APY*, making it an ideal choice for companies looking to earn more on everyday balances.
Built in Tools for Easier Business Banking
Start Earning Interest Today
Benefits With All Beacon Business Checking Accounts
Discover all the benefits and features included with a Beacon Credit Union Business checking account, designed to deliver convenient, low‑cost everyday banking for members across Central and Southwest Virginia.
Benefits:
Early Pay:
Get Paid 2 Days Sooner**
Mobile Deposit
Free Direct Deposit
E-Statements
ATM Access with Debit Card
Beacon Learning Center
Expert advice and tips to help you make smart financial decisions.
How to File Taxes for Your Small Business
The Tax Cuts and Jobs Bill reformed not only individual taxes but also corporate taxes, including small businesses. That means when you file, you might have some new things to take into consideration if you have a small business.
The Ins and Outs of Commercial Banking
Do you ever wonder what happens to the money you deposit into your checking account? Let’s find out the hows and whys of commercial banking. We’ll look at things from a customer’s perspective first.
Everything You Need to Know to Get Started With Business Accounting
Being able to understand the terminology used on financial statements is key to knowing if businesses you’re involved with are healthy. Reporting requirements vary across different types of companies. Sole proprietorships, for instance, have much simpler requirements than public companies.
When to Have Separate Accounts for Business Expenses
Keeping your business expenses separate from personal expenses can be an important habit to build if you want simple IRS tax return filings. Doing this can take a few weeks of daily practice. But not doing this could give the IRS a reason to audit you. Here are five easy tips for tracking business expenses.
Business Solutions
Support your growth with business solutions from Beacon Credit Union, including tools designed to help you manage expenses, improve cash flow, and grow with confidence. With convenient access, competitive rates, and trusted local service across Central and Southwest Virginia, Beacon delivers the resources your business needs to succeed.
*4.04% Annual Percentage Yield (APY) paid on balances between $0.01 and $10,000 each month when the member meets qualifications. Qualifications are an Average Daily Balance (ADB) of $5,000 or more and either 10 debit card transaction OR 10 Beacon Business VISA card purchase transactions from the same account per month. An ADB of $5,000 or more waives the monthly service fee of $15 to maintain this account.
For balances that exceed $10,000 and up to $50,000, when the above criteria are met, the APY is 0.10%. When the promotional criteria are not met, reference standard deposit rates found on Beacon’s website. Dividends begin the business day we receive credit for the deposit of non-cash items (for example, checks). Rates and terms for this account are effective December 1st, 2023, and are subject to change. Dividends are compounded monthly. Beacon Credit Union checking accounts are subject to credit qualification.
**Early access to funds is dependent on payer submission of direct deposit and standard fraud prevention restrictions.