Business Banking

Business Certificates of Deposit (CDs)

Business Banking

Business Certificates of Deposit (CDs)

In business, there isn’t a lot that’s certain - so it’s nice to have earnings that are.

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Key Features

Fixed Rates

Competitive Interest

Business Services Available

Benefits

  • Reach business financial goals with guaranteed returns
  • Higher interest than regular savings
  • Fixed interest rates during length of term
  • Variable terms (from 3 months to 5 years)
  • No setup or maintenance fees
  • Early withdrawal penalties may apply*
  • Great for short-term financial goals
  • Interest paid at maturity for terms 12 months and less, quarterly for terms greater than 12 months
  • Several options regarding interest:
    • Have interest compounded
    • Have interest transferred to another account
  • Renews automatically upon maturity after 10-day grace period
  • $5,000 minimum deposit to open

*Interest penalty for early withdrawal varies by CD.