Small Business Savings Account

Business Benefits with Attleboro Municipal Employees FCU

Small Business DBA Savings Account**

Separate your “Doing Business As” business finances from your personal finances with the AMEFCU Small Business DBA Savings Account.   

To become a “Doing Business As” or DBA Member of AMEFCU, you must first qualify and become a Personal Member of the credit union. 

We require a Massachusetts DBA Certificate allowing you to operate your business under a name other than your own. This also allows you the ability to utilize either your own Social Security Number (SSN) or a separate Tax Identification Number (TIN) as your tax identifier. 

  • Set up direct deposit
  • Transfer funds  to or from your other AMEFCU accounts 
  • Online Banking
  • Mobile Banking
  • E-Statements

Interest is compounded and paid quarterly. You will receive either a mailed paper statement or an e-mailed e-statement notification (whichever you prefer) each quarter.  

A minimum opening deposit of $5.00 is required to maintain membership and to earn the annual percentage yield (APY)*. 

Account TypeRateAPYInterest PaidMinimum Opening Deposit
DBA Savings Account0.05%0.05%Quarterly$5.00
Rates effective as of January 1, 2023

To open a new membership, we will require the following…

  • Proof of new or existing Membership
  • Unexpired State or Federal Government issued identification such as a driver’s license, passport or United States Military identification with a photo on it. 
  • A Tax Identification Number such as a Social Security Number
  • State of Massachusetts Doing Business As (DBA) Certificate
  • $5.00 to open your account in the form of check, currency or internal account transfer

*APY = Annual Percentage Yield.

**The Small Business DBA Savings Account is for dba designation only.

Card access is not available to this account.

Rates are subject to change at any time without notice.

Your Funds Are Federally Insured

The National Credit Union Administration (NCUA) is the federal agency that administers the National Credit Union Share Insurance Fund (NCUSIF). The NCUSIF, like the FDIC’s Deposit Insurance Fund, is a federal insurance fund backed by the full faith and credit of the U.S. Government. The NCUSIF insures member savings in federally insured credit unions, which account for approximately 98 percent of all credit unions. All federal credit unions and the vast majority of state-chartered credit unions are covered by NCUSIF insurance protection. Click here to learn more about how your accounts are federally insured.

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