Last Updated: 04/18/2025
Thrivent Credit Union Simply Business Savings Account
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.15% - 0.95%(Verified 06/21/2024)
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
$25
Thrivent Credit Union Simply Business Savings Account Review
Thrivent Credit Union Simply Business Savings Account is offered by Thrivent Credit Union, a credit union founded in 2002 and based in Appleton, WI. Thrivent Credit Union Simply Business Savings Account are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Higher than average APY. Thrivent Credit Union Simply Business Savings Account has an annual percentage yield of up to 0.95%, which is higher than the average interest rate for savings accounts. Note that you must keep a minimum balance of $25.00 to earn that interest rate.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- No minimum initial deposit. There is no minimum balance required to open an account online.
Thrivent Credit Union Simply Business Savings Account Pros & Cons
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Thrivent Credit Union Simply Business Savings Account FAQ
Are savings accounts from Thrivent Credit Union federally insured?
Yes, your savings accounts are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.
Does Thrivent Credit Union offer a signup bonus?
Thrivent Credit Union Simply Business Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for Thrivent Credit Union Simply Business Savings Account?
There is no minimum deposit to open a Thrivent Credit Union Simply Business Savings Account.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $25.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Required Balance | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Thrivent Credit Union Simply Business Savings Account offer?
Thrivent Credit Union Simply Business Savings Account offers a variable APY starting at 0.15% and ranging up to 0.95% (APY stands for annual percentage yield, rates may change).
What fees does Thrivent Credit Union Simply Business Savings Account charge?
Thrivent Credit Union Simply Business Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
- Outgoing domestic bank transfers come with a $30.00 fee.
- Incoming domestic bank transfers come with a $5.00 fee.
- Outgoing international bank transfers come with a $50.00 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
- Incoming international bank transfers come with a $25.00 fee.
- An overdraft on your account will trigger a $30.00 fee per item.
- Thrivent Credit Union Simply Business Savings Account charges $5.00 every time you request a paper statement.
Does Thrivent Credit Union Simply Business Savings Account charge overdraft fees?
Yes, Thrivent Credit Union Simply Business Savings Account charges a $30.00 overdraft fee.What features and perks does Thrivent Credit Union Simply Business Savings Account offer?
This savings account includes the following features:
- Mobile Banking Services - Thrivent Credit Union Simply Business Savings Account allows you to manage your money online or with a mobile app.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
Can you set up a direct deposit to Thrivent Credit Union Simply Business Savings Account?
Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.
What is the customer support email for Thrivent Credit Union Simply Business Savings Account?
The customer support email for Thrivent Credit Union Simply Business Savings Account is cu@thrivent.com.
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Hours of Operation
Sunday
Closed
Monday
7:30AM - 5:00PM
Tuesday
7:30AM - 5:00PM
Wednesday
7:30AM - 5:00PM
Thursday
7:30AM - 5:00PM
Friday
7:30AM - 5:00PM
Saturday
Closed