Home

Questions? Contact Us

Find a Location near you

Explore What We Offer

Discover Who We Are

About Us

Transaction Highlights

News & Events

Education Center

Careers

Business Certificates of Deposit

Prepare the future of your business.

Icon Cash

What is a Certificate of Deposit?

Certificate of Deposits or CDs are similar to savings accounts in that they are insured by the FDIC. They are different from savings accounts in that a CD has a specific fixed term, varying from 60 days to three years. Also a CD has a fixed interest rate. It is intended that the CD be held until the maturity of the term, at which time the money may be withdrawn or rolled over into the same term or a different term. Interest will be paid annually at minimum. CDs earn different rates for different terms. If a CD is withdrawn before the end of the term, there will be a penalty imposed.

Business Checking AccountsBusiness Savings Accounts

Certificate of Deposit

Features

  • Short Term and Long Term
  • Automatically Renewable
  • Penalty for Early Withdrawal
  • Variety of Terms
  • Locked in Rate

Minimum Opening Deposit

$1,000

Maturity Terms

60 days to 3 years

Interest Rate

Contact the bank for our current rates

Limitations

Penalty assessed if Certificate is withdrawn before maturity:
 0-90 days: 30 days of interest. 91-365 days:
90 days of interest. 366-729 days: 180 days of interest. 730 & up: 360 days of interest

 

 

Go to Top