Small business owner smiling about High-Yield Business Checking

OPEN A HIGH-YIELD BUSINESS CHECKING ACCOUNT

Where your hard-earned money works as hard as you do. 

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Is your business banking due for an upgrade? Absolutely, without a doubt! Members Choice is here to help give your business more lift.

Maximize your earnings with our High-Yield Business Checking Account — perfect for anyone who wants to grow their business funds on autopilot. 

 

Our High-Yield Business Checking Account offers much more than competitive interest rates. It includes a free Business Debit Mastercard®, making your business spending easy and convenient. Plus, score extra savings on your personal and auto loan with our exclusive Duo Discount, when you have both your personal and business accounts with us.

Unlock big earnings with high-yield business checking

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Earn More and Save More

A group of business colleagues collaborating around a table.

Save More on Loans with a Duo Discount Perk

Yes, you can bank your business at the same place you bank for home. In fact, your checking accounts are better together as a powerful duo.

At Members Choice, you can score a 0.50% discount on your Personal Loan and Auto Loan rate when you open both a High-Yield Business Checking and a personal Complete Checking account with us.2 

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SmallBusinessChecking3

Earn Big on Your Everyday Business Banking

Supercharge your business growth with our High-Yield Business Checking Account. Earn interest on your deposits while enjoying the flexibility of a Business Debit Mastercard® — all in one easy-access account

 

  • Earns interest.1
  • A low $100 minimum opening deposit. 
  • $10 monthly maintenance fee. However, you can waive your monthly fee when you maintain a balance of $10,000 or higher.
  • Unlimited electronic deposits and withdrawals at no charge.
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Unlock big earnings with high-yield business checking

Balance Tiers Dividend Rate1 APY*  
$0.01 - $9,999.99 0% 0% Earn dividends when you use your Business Debit Mastercard®1

Plus, Low to no monthly fees!
$10,000 - $14,999.99 1.98% 0% - .67%
$15,000 - $24,999.99 1.00% .67% - .80%
$25,000 and higher .05% .80% - .24%

Have a Question?

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Ready to maximize your business earnings?

Open your account with any of these easy options.

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FAQs about High Yield Business Checking Accounts

What’s the difference between a credit union and a brick-and-mortar bank?

The main difference between credit unions and traditional banks is that credit unions are not-for-profit. This means that we exist to serve our communities in Houston, TX, and unlike banks that exist to earn a profit for shareholders, we give back profits to our members. Credit unions like Members Choice do this through  lower loan rates, higher earnings on deposits, and fewer fees. 

 

Regardless of the type of business you own, banking with a credit union can help you save money and time with access to competitive banking solutions and local expertise, all while getting better customer service than traditional banks.

 

If you’re ready to learn more about how Members Choice Credit Union can help you grow your business, feel free to give us a call at 281.754.1470. Our top priority is seeing our community thrive, and that includes you and your business.

How do I open a business account at a credit union?
To open a business account at Members Choice, please start a Business Checking Application, call us at 281.754.1470, or visit one of our branch locations in Houston, TX.
Do I need to be a member to open a High-Yield Business Checking Account?
Yes, you need to be a member to take advantage of our business banking solutions. The good news is joining Members Choice Credit Union is easy!

If you meet any of these eligibility requirements, you can bank with us:

  • Live, work, worship, attend school or have a business in one of the following counties (Harris, Fort Bend, Montgomery, Brazoria) or the 77546 zip code.
  • You are a current or retired employee of one of these companies:
    • ConocoPhillips Company (including Phillips 66
    • Continental Carbon Company
    • Daniel Industries Inc
    • Diamond Offshore Drilling Inc
    • DuPont Company - Texas Locations
    • Oceaneering
    • Sysco Corporation
    • UTEX Industries
  • You are a member of the International Coaching Federation - Texas Locations, The Arc of Harris County or Texas Consumer Council (TCC).

 

For more information, please visit one of our branches, or contact us at 281.398.9900.

What documents do I need to open a checking account for my business in Houston, TX?

The documents you need for your High-Yield Checking Account depend on your business type. Here's what you'll need as a sole proprietor:

  • Your SSN or EIN of the Business Name.
  • Assumed Name Certificate (DBA) filed in the County where the business is located (if applicable) Must be 90 days old, exceptions may be made on a case-by-case basis or for existing members.

 

Do you have a different business type document needs listed?

Click the button below for a comprehensive list of document requirements by business type.

 

Business Account Guidelines and Required Documents

Check Out Complete Checking

 

Looking for a new personal high-yield checking account with no monthly fees? Earn up to 4.07% APY* and unlimited cash back rewards with Members Choice Complete Checking™.

 

Get High-Yield Personal Checking

 

Complete Checking - NonMember

Disclosures

*APY = Annual Percentage Yield

1 To earn interest, use your Business Debit Mastercard® for 10 or more purchase transactions per month.

2 Check transactions refer to checks both deposited and posted to the account. Check transaction fees: $0.25 charge for each additional check transaction beyond 500 per statement cycle. Cash deposit fees: $0.15 charge per additional $100 cash deposited over $10,000. Business Bill Pay is a free service for the first two months, as well as subsequent months when less than 15 payments are made in a month. Business Fee Schedule (PDF).

 

3 To qualify for the Business Duo Discount, you need to meet these requirements:

• Must maintain an average monthly balance of $2,500 in the business checking account for the previous 90 days to qualify.
• Only members with both the stated business checking account and personal Complete Checking account in good standing qualify.
• Discounts are for an Unsecured Personal Loan or Personal Auto Loan and can not be combined with any other discounts or offers.
• If a member qualifies for both, the discount can apply to both loans.
• The only limit is one unsecured loan discount and one auto loan discount per member.
• Not offered for business lending.

 

4Early Pay: At our sole discretion, we may make your money available to you up to two days before we receive the funds from the payor. Early availability of direct deposits is dependent on when we receive your payor’s payment instructions and/or fraud prevention overlays. These limitations may be modified at our sole discretion without advance notice. We do not guarantee early availability of any direct deposits, and eligibility of a direct deposit for early availability may change between pay periods. Any direct deposit not posted early will be made available according to our Funds Availability schedule. We reserve the right to discontinue the service at our sole discretion and without notice.



If not currently a Members Choice member, a $5 deposit is needed to establish membership. All memberships are subject to approval including credit approval.

About Members Choice Credit Union

At Members Choice Credit Union, we are more than a financial institution; we are your partners in bringing you closer to the life you aspire to live. For over 80 years, we've been dedicated to empowering families across Houston, Texas. Whether it’s buying your first home, driving off in a new car, building your savings, or becoming debt-free, we provide the tools and support to help you pursue your goals with confidence. Join us in discovering your version of "the good life". Become a member today to unlock access to all member benefits.

 

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© 2024 Members Choice Credit Union

Members Choice Credit Union

18211 Katy Freeway

Houston, TX 77094

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