Business Special Purpose Savings Accounts

Whether you’re saving for new office space, equipment, or to build a financial cushion to hedge against seasonal shortfalls, this special-purpose account can help you get there faster—with a competitive interest rate and automatic transfers. 

Commercial Services Team

Our team of dedicated professionals has decades of experience helping local businesses throughout Northeast Florida succeed. Whether you need help moving into a larger space, upgrading your facilities, managing your cash flow, or switching to a better checking account, we’re here for you every step of the way.
 
Michele Godfrey-Watson
VP Commercial Services & Treasury Services
GodfreM@c1cufl.org
Lisa Ashworth
Commercial Services Relationship Manager
LisaA@c1cufl.org
Mannye Franklin
Commercial Services Specialist
FrankliM@c1cufl.org

Benefits

Icon Bars with Percentage
Earn interest
Get a competitive interest rate on balances of $100 or more and earn money just for saving it.
icon of coin stacks with an arrow pointing up
Automatic savings
Save time and automate your savings with recurring transfers.
Icon No-Coin
No monthly fees
Keep your hard-earned cash and save more of it with no monthly maintenance fees.
Icon Mobile with Money Sign
Track progress
Stay motivated to reach goals by tracking your progress in our free Mobile Banking app.

What our Business members say

Looking for something different? Explore our other Business Account options.

Commercial Real Estate Loans

Available for both investment and owner-occupied properties as well as new construction, our Commercial Real Estate Loans offer generous loan-to-value (LTV) ratios, low rates and fast, local decision making from a team of experienced professionals who are ready to move when you are.

Business Money Market Account

Our business money market can be a great way to broaden your portfolio with a secure vehicle that offers a competitive, tiered interest rate along with security, flexibility, Fand accessibility.

Business Checking

Our Business Checking accounts are designed to make managing your business’ daily finances easier and your life better.

Business Loans

Whether you’re looking to expand, renovate, add equipment or purchase or refinance a commercial property, our local team is there with fast answers and affordable rates, getting you the loan you need when you need it.

FAQs

Is my business eligible for membership at Community First Credit Union?
The business headquarters, corporate office or any physical location must be located within our field of membership OR any Responsible Individual must live, work, or attend school in one of the following counties: Baker, Brevard, Broward, Clay, Duval, Flagler, Indian River, Lake, Martin, Nassau, Orange, Palm Beach, Putnam, Seminole, St. Johns, St. Lucie, or Volusia OR any Responsible Individual must be a relative of an existing or eligible Community First Credit Union of Florida member.

Want to know more? Take a look at our Business Account opening requirements or simply contact us
How do I open a business Special Purpose Savings Account?
You can open a savings account in a branch, or over the phone when you call 904.371.8185
What do I need to open a Business Special Purpose Savings Account?
To open a Business Savings Account, all responsible individuals and any authorized signers must have a valid:
  • Social security number
  • Valid, United States Government Photo Identification
  • A minimum deposit of $25
Any additional documentation that may be required based on your business structure is detailed here.
How do I set up a recurring transfer?
You can set up a recurring automatic transfer in Business Online or Mobile Banking services. Recurring transfers can be initiated between your Community First Credit Union accounts. Learn More