Churches often set aside funds for certain purposes. Deposits may be collected for an overseas mission trip, to buy a new church van, or maybe to the church ’emergency’ fund. If your church has significant cash balances, this gives churches the ability to keep the money in a flexible savings account. This account provides an effective tool for growing cash reserves without the restrictions of certificates.
Current Church Reserve Rate
Dividend rate and APY are paid quarterly on the average daily balance. Minimum balance is $25,000. Interest paid on balances up to $250,000. One withdrawal per quarter.