Business CDs

Higher interest rates are good news for your savings. Maximize your deposit earnings with our current CD specials.

 

4.77% APY*
for 7 months

Earn 4.77% annual percentage yield (APY) on a 7-month certificate of deposit (CD). Minimum deposit of $5,000.

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4.26% APY*
for 12 months

Earn 4.26% annual percentage yield (APY) on a 12-month jumbo certificate of deposit (CD). Minimum deposit of $100,000 to open.

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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.

 

CD Promos

Term Interest Rate APY* Minimum to Open Notes
7 months 4.66% 4.77% $5,000
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: 09/27/2024

Revised: 09/26/2024

* APY is Annual Percentage Yield. Penalties may be imposed for early withdrawal.


Jumbo CDs

Term Interest Rate $100,000 to $249,999.99 APY* Interest Rate $250,000+ APY* Method of Compounding Minimum to Open
6 Months 3.64% 3.71% 3.64% 4.71% Daily $100,000
12 Months 4.17% 4.26% 4.17% 4.26% Daily $100,000
18 Months 3.50% 3.56% 3.50% 3.56% Daily $100,000

Interest Rates Effective: 09/27/2024

Revised: 09/26/2024

Annual Percentage Yield assumes principal and interest remain on deposit for term at the same interest rate. Penalties may be imposed on early withdrawal. If your Jumbo CD balance falls below $100,000, the account will be closed and incur an early withdrawal penalty. Interest compounds daily.

*APY assumes funds remain on deposit for 1 year.

Fixed CD Rates

Term Interest Rate APY* Method of Compounding Minimum to Open/Earn APY
46 Days 0.05% 0.05% Daily $100
3 Months 4.16% 4.25% Daily $100
6 Months 3.50% 3.56% Daily $100
1 Year 3.59% 3.66% Daily $100
2 Years 3.78% 3.85% Daily $100
3 Years 3.19% 3.24% Daily $100
4 Years 2.71% 2.75% Daily $100
5 Years 2.90% 2.94% Daily $100

Interest Rates Effective: 09/27/2024

Revised: 09/26/2024

* Annual Percentage Yield (APY) assumes principal and interest remain on deposit for term at the same interest rate. Penalties may be imposed on 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.