Business Certificates of Deposits

Certificates of Deposits for Your Business

Business Certificates of Deposit Benefits

  • Competitive rates
  • Rate specials (contact us about any current specials)
  • FDIC insured (Federal Deposit Insurance Corporation insured)
  • Business certificates of deposit (CD) range from 3 to 60 months.
  • Add-on Certificates of Deposit are available in 18 or 36-month increments.

Business Certificates of Deposit Details

  • The minimum balance required to open a business CD is $1,000.
  • The maximum balance for an add-on CD is $100,000.
  • Compounding interest and crediting information for your CD will be provided at account opening.
  • If you close your account before interest is credited, you will receive the accrued interest. A penalty will be assessed.
  • We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day from the first day of the deposit.

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