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Business Certficates of Deposit

Our business Certificates of Deposit (CDs) offer a secure way to invest with higher yields than savings accounts. With flexible terms from 7 days to 6 years and competitive rates, CDs provide guaranteed returns on your investment. A minimum balance of $1,000 is required, and interest can be compounded or withdrawn.

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Early withdrawal penalties vary by term. For detailed information and current rates, contact our Customer Service Representatives. Invest in a CD to grow your business funds safely and effectively.

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Certificates of Deposit (CD)

A CD is an insured investment product with higher yields than a savings account. CD Terms can range from 7 days to 6 years. Rates are determined by term. They are best suited for businesses that want to invest funds in a safe and insured account while still getting a guaranteed return on that investment.

 

Interest can be compounded or withdrawn. A $1,000 minimum balance required for all terms.

 

Click here for current rate information.

 

Early withdrawal penalties apply. Penalty varies according to term of CD:

  • less than 6 months = 14 days of interest

  • 6 months up to 18 months = one month’s interest

  • 18 months and longer = three months of interest

 

Contact one of our Customer Service Representatives for more information about applicable fees and terms.

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