Octane Business Savings

Powerful financial support can take you far.

Your business’ success isn’t just about daily transactions. It’s about keeping a solid footing for the long run. So it’s important to have a place you can trust to save for the bigger purchases and more significant milestones. Go far in your business plans without going far from home. Octane, fueled by Innovations, is ready to partner with you all the way.

With our Octane Business Savings products, you can make sure your money is working as hard for your business as you are.

Octane Business Savings offers you:

• No fees
• Free Direct Deposit
• Competitive interest dividends

Opening an Octane Business Savings account:

Business savings accounts can be opened at any Innovations branch. Please bring the following items with you to open your new account:

• Copy of your LLC or Corporate Organizational Documents
• Verification of your Business EIN (if applicable)
• Driver’s License copies and signatures from anyone authorized to access the account
• A minimum deposit of $5 in a Business Savings account to establish membership at Innovations

Octane Money Market offers you:

• No fees
• Flexibility
• The opportunity to earn a higher dividend with a $1,000 balance
• Up to six withdrawals each month (minimum of $250 per withdrawal*)
• No deposit limits

Octane Business Certificates of Deposit offer you:

• Competitive rates
• Terms from just 91 days to 36 months
• Options with compounding and non-compounding interest available

To protect our members’ deposits, we provide the highest combination of federal and private share savings deposit insurance available: $500,000, which includes savings accounts, checking accounts, money market accounts and certificates of deposit.