Business Deposit Accounts & Rates

Choose the solution that is right for your business.

Business Deposit Account Rates as of October 1, 2018.  Rates are subject to change at any time.

To open an account, visit one of our branches

Account

Minimum Balance to Open

Minimum Daily Balance to Earn APY

Annual Percentage Yield (APY)

Minimum Daily Balance to Avoid Monthly Maintenance 

Business Savings Accounts1

$25

$10

0.05%

$300

1Rate may change after account opening

Account

Minimum Balance to Open

Minimum Daily Balance to Earn APY

Annual Percentage Yield (APY)

Minimum Daily Balance to Avoid Monthly Maintenance 

Business Money Market Accounts1

$2,500

$10 - $2,499.99

$2,500 - $9,999.99

$10,000 - $24,999.99

$25,000 - $49,999.99

$50,000 - $99,999.99

$100,000+

 

0.05%

0.05%

0.10%

0.20%

0.30%

0.35%

$2,500

1Rate may change after account opening

Account

Term

Annual Percentage Yield (APY)

Business Certificates of Deposit (CDs)1

91 Days

0.10%

  6 Months 0.20%
  9 Months 0.25%
  10 Months (Checking Account Required) 2.00%
  12 Months 0.45%
  18 Months 0.65%
  24 Months 0.90%
  36 Months 1.15%
  3 Year Raise Your Rate CD2 1.15%
  48 Months  1.40%
  60 Months 1.65%
  5 Year Raise Your Rate CD2 1.65%

Minimum balance to open all CDs is $1,000. A penalty may be imposed for early withdrawal.

To learn more about the 3 or 5 Year Raise Your Rate CD, please ask us for details.

 

Account

Term

Minimum Balance to Open

Minimal Daily Balance to Earn APY

Annual Percentage Yield (APY)

Business Ladder CDs1

12 months

$10,000 Total (At Least $2,000 per Term)

N/A

0.50%

  24 months $10,000 Total (At Least $2,000 per Term) N/A 1.05%
  36 months $10,000 Total (At Least $2,000 per Term) N/A 1.30%
  48 months $10,000 Total (At Least $2,000 per Term) N/A 1.55%
  60 months $10,000 Total (At Least $2,000 per Term) N/A 1.80%

Minimum balance to open all CDs is $10,000. A penalty may be imposed for early withdrawal.

Annual Percentage Yield = Yield when principal and interest are left on deposit.  Annual Percentage Yields greater than the interest Rate show the effect of monthly compounding. Term accounts subject to penalty for early withdrawal. Effect of fees: Fees could reduce earnings on accounts.

 

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