Business CDs
Higher interest rates are good news for your savings. Certificates of Deposit (CDs) are a great option for businesses looking to plan ahead by earning a fixed interest rate for a set period of time. Or choose a variable rate to take advantage of future rate changes.
Flexible terms ranging from 46 days to 5 years give you the ability to choose a specific maturity date that works around your schedule.
Fixed CD Rates
| Term | Interest Rate | APY* | Method of Compounding | Min to Open/Earn APY |
|---|---|---|---|---|
| 3 Months | 4.16% | 4.25% | Daily | $100 |
| 6 Months | 3.97% | 4.05% | Daily | $100 |
| 1 Year | 3.87% | 3.95% | Daily | $100 |
| 2 Years | 3.78% | 3.85% | Daily | $100 |
| 3 Years | 3.52% | 3.58% | Daily | $100 |
| 4 Years | 3.04% | 3.09% | Daily | $100 |
| 5 Years | 3.23% | 3.28% | Daily | $100 |
Interest Rates Effective: 02/09/2024
Revised: 02/08/2024
* Annual Percentage Yield (APY) assumes principal and interest remain on deposit for term at the same interest rate. APY assumes funds remain on deposit for 1 year. Penalties may be imposed on early withdrawal.
CD Specials
| Term | Interest Rate | APY* | Minimum to Open | Notes |
|---|---|---|---|---|
| 30 months with a rate bump | 3.44% | 3.50% | $25,000 | Existing accounts only. You can request a one-time rate bump on your CD to the current 30-month rate at the time of the bump. |
Interest Rates Effective: 02/09/2024
Revised: 02/08/2024
* APY is Annual Percentage Yield. Penalties may be imposed for early withdrawal.
Business Checking Accounts
Manage your business finances from anywhere with our dedicated business checking accounts which include online banking.
Business Savings Accounts
Interest-bearing savings accounts so you can grow your savings with your business.
Merchant Services
Receive customer payments with online payments and point-of-sale chip readers.
SBA Loans
Small business financing with flexible terms for starting, acquiring, or expanding your business.