A man smiles after checking the dividends he could earn from a business CD.

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Business Certificate of Deposit

Earn more when you invest local

Send us an email at business@blucurrent.org, give us a call or use our Video Banking to open your business certificate of deposit account today.

Two business people discuss opening a business certificate of deposit.

Business Certificates of Deposit(CDs)

Maximize the growth of your Southwest Missouri business's savings with zero surprises! Take advantage of guaranteed returns in exchange for leaving your funds in the account for a term of 6 to 60 months. There are no fees, and you only need a low $1,000 deposit to get started. Open a business CD today for a secure way to build your future.

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Secure Growth For Your Business Capital

Flexible Terms: Choose form terms of 6 to 60 months to get the best option for your needs.
Guaranteed Returns: Enjoy predictable account growth without market risk.
No Monthly Fees:Your investment grows without unnecessary fees, so every dollar works harder to achieve your goals.
Interest Compounded Monthly: Benefit from steady, compounded growth each month.
Low Minimum Deposit: You only need a low $1,000 deposit to open an account

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Three business people check the balance of their business certificate of deposit with online banking.

A group of four business people check the balance of their business CD with online banking.

Put Idle Funds to Work and Enjoy Steady, Reliable Growth

Get higher returns without the risk with a business CD. It's a secure way to prepare for future business needs without dealing with market fluctuations.

Your Money Stays Local: Your money stays in Southwest Missouri to Support the Local economy.
Convenient Account Access: Conveninently check your account balance anytime with online or mobile banking.
Peace of Mind: Your CD is insured by a combination of NCUA and Additional Excess Share Insurance for up to $2,000,000.
Business Services Team Support Our dedicated team is here to support your business team is here to support your business every step of the way.

Ready to earn a higher rate? Click the button below to open a business certificate of deposit and watch your funds work harfer for your future needs.

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The Best Business CD Rates in Southwest Missouri

Term	Balance	APR^*	APY^**
6 Month
	$1,000.00 - $24,999.99	3.54%	3.60%
	$25,000.00 - $49,999.99	3.63%	3.70%
	$50,000.00 - $99,999.99	3.73%	3.80%
	$100,000.00 +	3.92%	4.00%
12 Month
	$1,000.00 - $24,999.99	3.54%	3.60%
	$25,000.00 - $49,999.99	3.63%	3.70%
	$50,000.00 - $99,999.99	3.73%	3.80%
	$100,000.00 +	3.92%	4.00%
Click the button below to see a complete list of our business CD interest rates and terms.

View All Rates And Terms Available

Ready to Open Your Business CD?

Step

Gather Documents

Gather your business documents by using our handy checklist to make sure you have everything you need.

Step

Contact BluCurent Business Services

Click the button below to launch Video Banking, give us a call at (417) 815-1494, or email us at business@blucurrent.org to start the process.

Step

Submit Documents

Our Business Services Team will assist you with each step to ensure a smooth account opening experience.

Get Started Now

Starting a New Business?

Starting a business can seem challenging and it’s not always easy to know where to begin. To help us assist you, do you know the type of business entity that you are starting?

Have an Existing Business?

If you're an experienced business owner already, and know what type of business entity you have...Click below to learn more about the paperwork required to move forward with a business account at BluCurrent.

A limited liability company is a business structure that protects its owners from personal responsibility for its debts and liabilities.

A sole proprietorship is a non-registered unincorporated business run solely by one individual proprietor with no distinction between the business and its owner.

A Corporation is an independent legal entity owned by its shareholders.

A Non-Profit is a group organized for purposes other than generating profit and in which no part of the organization’s income is distributed to its members.

A Club is an association of people united by a common interest or goal.

A Partnership is an arrangement between two or more people to oversee business operations and share in its profit and liabilities.

Public funds are funds from government entities, such as school district, water district, library district, city, county, and state entities.

Limited Liability Company (LLC)

A limited liability company is a business structure that protects its owners from personal responsibility for its debts and liabilities.

What items are needed to set up an LLC?

NOTE: Confer with an attorney and/or a tax professional for registration purposes. If you choose to register your LLC without assistance, there are various resources available to you online.

1. Article of Organization

These are needed to officially register your business name as an official entity with the state of Missouri
For more information, see the Missouri Secretary of State website:www.sos.mo.gov

2. EIN Form

This is needed to give your LLC a separate Tax Identification Number (TIN).
For more information, see the IRS website: www.irs.gov

3. Operating Agreement

This is the governing document of your LLC. It outlines the business' financial and functional decisions including rules, structure, ownership, operations, regulations, and provisions

4. Fictitious Name Filing (optional)

This item is not required, but is needed if there is a secondary name your business also goes by. For more information, see the Missouri Secretary of State website: www.sos.mo.gov.

If you have any questions and would like to speak to a member of our team click here to contact a BluCurrent Business representative.

Sole Proprietorship

A sole proprietorship is a non-registered unincorporated business run solely by one individual proprietor with no distinction between the business and its owner.

What items are needed to start a Sole Proprietorship?

NOTE: Confer with an attorney and/or a tax professional for registration purposes. If you choose to register your sole proprietorship without assistance, there are various resources available to you online.

1. Fictitious Name Filing (if applicable)

This will allow you to conduct business and accept checks to a name other than the sole proprietors name.
For more information, see the Missouri Secretary of State website:www.sos.mo.gov

2. EIN Form(if not reporting under your personal SSN)

For more information, see the IRS website: www.irs.gov

If you have any questions and would like to speak to a member of our team click here to contact a BluCurrent Business representative.

Corporation

A corporation is a type of business entity that is owned by its shareholders. There are two different types of corporations, which are S-Corporations and C-Corporations. A C-Corporation is subject to corporate taxes and has no restrictions on ownership. An S-Corporation is a pass-through entity that reports its profits on the owners’ personal taxes, and ownership is restricted up to 100 shareholders.

What items are needed to set up a Corporation?

NOTE: Confer with an attorney and/or a tax professional for registration purposes. If you choose to register your corporation without assistance, there are various resources available to you online.

1. Articles of Incorporation

For more information, see the Missouri Secretary of State website:www.sos.mo.gov

2. EIN Form

For more information, see the IRS website: www.irs.gov

3. Bylaws

4. Corporate Resolution

5. Evidence of Ownership (Stock Ownership or Share Certificates)

6. Fictitious Name Filing (optional)

This item is not required, but is needed if there is a secondary name your business also goes by. For more information, see the Missouri Secretary of State website: www.sos.mo.gov.

If you have any questions and would like to speak to a member of our team click here to contact a BluCurrent Business representative.

Non-Profit

A non-profit is a group organized for purposes other than generating profit, and in which no part of the organization’s income is distributed to its members. Common examples of non-profits include churches, public charities, and volunteer organizations, among others.

What items are needed to set up a Non-Profit?

NOTE: Confer with an attorney and/or a tax professional for registration purposes. If you choose to register your non-profit without assistance, there are various resources available to you online.

1. Articles of Incorporation of a Nonprofit Organization

For more information, see the Missouri Secretary of State website:www.sos.mo.gov

2. EIN Form

For more information, see the IRS website: www.irs.gov

3. 501c3 paperwork

Tax exempt status letter

4 Bylaws

5. Meeting Minutes

Approving moving to BluCurrent and list of individuals that will be on the account

6. Fictitious Name Filing (optional)

This item is not required, but is needed if there is a secondary name your business also goes by. For more information, see the Missouri Secretary of State website: www.sos.mo.gov.

If you have any questions and would like to speak to a member of our team click here to contact a BluCurrent Business representative.

Club

A club is an association of people united by a common interest or goal.

What items are needed to set up a Club?

NOTE: Confer with an attorney and/or a tax professional for registration purposes. If you choose to register your club without assistance, there are various resources available to you online.

1. Fictitious Name Filing

For more information, see the Missouri Secretary of State website:www.sos.mo.gov

2. EIN Form

For more information, see the IRS website: www.irs.gov

3. Signers Authority List

Outlining who the signers will be on the account

If you have any questions and would like to speak to a member of our team click here to contact a BluCurrent Business representative.

Partnership

A Partnership is an arrangement between two or more people to oversee business operations and share in its profit and liabilities.

What items are needed to set up a Partnership?

NOTE: Confer with an attorney and/or a tax professional for registration purposes. If you choose to register your partnership without assistance, there are various resources available to you online.

1. Fictitious Name Filing

For more information, see the Missouri Secretary of State website:www.sos.mo.gov

2. EIN Form

For more information, see the IRS website: www.irs.gov

3. Partnership Agreement

4. Signers Authority List

Outlining who the signers will be on the account

If you have any questions and would like to speak to a member of our team click here to contact a BluCurrent Business representative.

Public Funds

Public funds are funds from government entities, such as school district, water district, library district, city, county, state entities, etc.

What items are needed for Public Funds?

NOTE: Confer with an attorney and/or a tax professional for registration purposes.

1. EIN Form

For more information, see the IRS website: www.irs.gov

2. Evidence of Authority

To open account (Resolution, Meeting Minutes, County Commission Record, etc.)

If you have any questions and would like to speak to a member of our team click here to contact a BluCurrent Business representative.

A Limited Liability Company is a business entity in which the member(s) of the company are generally not held responsible for the company’s debts or liabilities.

What items are needed to set up an LLC?

NOTE: Confer with an attorney and/or a tax professional for registration purposes. If you choose to register your LLC without assistance, there are various resources available to you online.

1. Article of Organization

These are needed to officially register your business name as an official entity with the state of Missouri
For more information, see the Missouri Secretary of State website:www.sos.mo.gov

2. EIN Form

This is needed to give your LLC a separate Tax Identification Number (TIN).
For more information, see the IRS website: www.irs.gov

3. Operating Agreement

This is the governing document of your LLC. It outlines the business' financial and functional decisions including rules, structure, ownership, operations, regulations, and provisions

4. Fictitious Name Filing (optional)

This item is not required, but is needed if there is a secondary name your business also goes by. For more information, see the Missouri Secretary of State website: www.sos.mo.gov.

If you have any questions and would like to speak to a member of our team click here to contact a BluCurrent Business representative.

What items are needed to set up a Corporation?

NOTE: Confer with an attorney and/or a tax professional for registration purposes. If you choose to register your corporation without assistance, there are various resources available to you online.

1. Articles of Incorporation

For more information, see the Missouri Secretary of State website:www.sos.mo.gov

2. EIN Form

For more information, see the IRS website: www.irs.gov

3. Bylaws

4. Corporate Resolution

5. Evidence of Ownership (Stock Ownership or Share Certificates)

6. Fictitious Name Filing (optional)

This item is not required, but is needed if there is a secondary name your business also goes by. For more information, see the Missouri Secretary of State website: www.sos.mo.gov.

If you have any questions and would like to speak to a member of our team click here to contact a BluCurrent Business representative.

What items are needed to set up a Non-Profit?

NOTE: Confer with an attorney and/or a tax professional for registration purposes. If you choose to register your non-profit without assistance, there are various resources available to you online.

1. Articles of Incorporation of a Nonprofit Organization

For more information, see the Missouri Secretary of State website:www.sos.mo.gov

2. EIN Form

For more information, see the IRS website: www.irs.gov

3. 501c3 paperwork

Tax exempt status letter

4 Bylaws

5. Meeting Minutes

Approving moving to BluCurrent and list of individuals that will be on the account

6. Fictitious Name Filing (optional)

This item is not required, but is needed if there is a secondary name your business also goes by. For more information, see the Missouri Secretary of State website: www.sos.mo.gov.

If you have any questions and would like to speak to a member of our team click here to contact a BluCurrent Business representative.

Meet The Team

Michael Farrar Kyle Short Chris Pardoe

Michael Farrar

Senior Vice President of Business Services

(417) 851-1502 | business@blucurrent.org | | NMLS: 879796

I began working in financial services in 2001 and came to BluCurrent in 2012. I love serving our members and community with top-of-the-line business products and services to help build better businesses together

Michael Farrar Kyle Short Chris Pardoe

Kyle Short

Vice President of Business Services

(417) 851-1499 | business@blucurrent.org | | NMLS: 2464119

Kyle was born and raised in Springfield, Missouri. For a stint, he spent time living and working in the in Delaware/Pennsylvania area for a nonprofit. Kyle met his wife out east and settled back in Springfield, Mo in 2010. He has a combined 10 years of experience in the nonprofit sector. He entered the financial industry with JPMorgan Chase and transitioned to the credit union in 2010. He has been with BluCurrent ever since working as a member service representative, company trainer, and in 2018 started developing the business deposit department. He enjoys spending time with his wife and 3 kids, and enjoying everything the Ozarks have to offer. With his 15+ years of financial experience, he is ready to serve your commercial deposit and lending needs.

Michael Farrar Kyle Short Chris Pardoe

Chris Pardoe

Manager of Business Services

(417) 851-1499 | business@blucurrent.org |

Chris was born and raised in Waterloo, Iowa. He moved to the Ozarks in 2008 and has lived here ever since. He started in the banking industry with Central Bank of the Ozarks in 2015, and transitioned to BluCurrent in the middle of 2021. He has worked in several positions in his career, ranging from teller/teller supervisor, branch manager, and now currently as the Manager of Business Services. He enjoys spending time with his wife and is looking forward to welcoming his first child in May of next year. He is passionate about using his nearly 9 years of experience in this industry to help local businesses with all their commercial deposit needs.

BluCurrent Credit Union Business CDs FAQs

Does my business qualify for a business CD with BluCurrent?

Any business that is an LLC, Sole Proprietor, Corporation (S-Corp or C-Corp), Non-Profit, Partnership, Club, or Public Funds, and is headquartered or has a service location in one of the following Southwest Missouri counties is eligible: Christian, Greene, Howell, Jasper, Lawrence, Newton, Polk, Stone, Taney, or Webster.

How does a business CD work??

A certificate of deposit (CD) for a business can be used to earn interest on funds for a period of time. Your business will earn a guaranteed return in exchange for leaving your funds in the account until the term ends (the maturity date). Business CDs earn a higher annual percentage yield (APY) than other savings account options.

What happens when my business CD matures?

When your business CD account matures, there is a period of 10 days where you can withdraw your funds or reinvest in a new CD with a different term. If you don't do anthing during this period, your CD will automatically renew for the same term at the current interest rates.

Can I withdraw funds from a business CD before it matures?

Yes, you can withdraw funds from a business CD before it matures, but you will incur an early waithdrawl penalty consisting of a portion of the interest earned for the amount withdrawn. Because of the penalty imposed for early withdrawls, taking money out of a CD before the maturity date is usually not recommended unless it's absolutely necessary.

Do your business CDs have monthly fees?

Yes, you can withdraw funds from a business CD before it matures, but you will incur an early withdrawal penalty consisting of a portion of the interest earned for the amount withdrawn. Because of the penalty imposed for early withdrawals, taking money out of a CD before the maturity date is usually not recommended unless it's absolutely necessary.

Can I add funds to a business CD after opening it?

You can't add additional funds to a business certificate of deposit after opening it. If you have additional funds to invest, you will need to open a new CD or wait for the current CD to mature to reinvest the principal, interest earned, and additional funds.

Can I open multiple business CDs?

Absolutely! In fact, many people use a strategy called CD laddering to maximize their returns while maintaining access to funds at regular intervals. CD laddering involves opening multiple CDs with staggered maturity dates, such as one maturing every six months, 12 months, or longer. This allows you to reinvest funds into new CDs at potentially higher rates or use the funds for business needs.

Is the money in my account FDIC insured?

Our business accounts are federally insured by the National Credit Union Administration (NCUA) for up to $250,000 instead of the FDIC. Our accounts are also covered by Additional Excess Share Insurance (ESI) for $1,750,000 for a total of $2,000,000 of coverage per account.

Ready to Take Next Step on Your Business CD?

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