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Business Platinum Savings
Minimum Opening Deposit: $25
| Balance | Interest Rate | APY |
|---|---|---|
| $0 or more | 0.01% | 0.01% |
| The Bank may limit the amount you may deposit in this product to an aggregate of $5 million. | ||
Business Market Rate Savings
Minimum Opening Deposit: $25
| Balance | Interest Rate | APY |
|---|---|---|
| $0 or more | 0.01% | 0.01% |
Business CD Rates
Standard CD rates
Minimum Opening Deposit: $2,500
| Term | Interest Rate | APY | Balance |
|---|---|---|---|
| 1 - 2 months | 0.01% | 0.01% | $0 or more |
| 3 - 5 months | 0.01% | 0.01% | $0 or more |
| 6 - 11 months | 0.01% | 0.01% | $0 or more |
| 12 - 23 months | 0.01% | 0.01% | $0 or more |
| 24 - 35 months | 0.01% | 0.01% | $0 or more |
| 36 - 47 months | 0.01% | 0.01% | $0 or more |
| 48 - 59 months | 0.01% | 0.01% | $0 or more |
| 60 - 71 months | 0.01% | 0.01% | $0 or more |
| 72 - 144 months | 0.01% | 0.01% | $0 or more |
Business Step Rate CD Rates
A Step Rate CD is a 24-month CD featuring guaranteed interest rate increases and one penalty-free withdrawal every six months, provided the minimum opening balance is maintained.
Minimum Opening Deposit: $2,500
| Term and Steps | Interest Rate | APY | |
|---|---|---|---|
| 24-month term | 0.03% | ||
| Step 1: 1-6 months | 0.01% | ||
| Step 2: 7-12 months | 0.02% | ||
| Step 3: 13-18 months | 0.03% | ||
| Step 4: 19-24 months | 0.04% | ||
| Step Rate Time Accounts require a $2,500 minimum opening deposit. Annual Percentage Yield assumes interest remains on deposit until maturity. One penalty-free partial withdrawal may be made during the five business days beginning on each of the days the interest rate increases, provided the minimum opening balance remains on deposit. Withdrawals will reduce earnings. Step Interest Rates applicable to initial term only. At maturity, time account will automatically renew into a standard (non-step) 24 month, fixed rate Time Account (CD) at the interest rate and Annual Percentage Yield in effect for time accounts not subject to a Special Interest Rate, unless the Bank has notified you otherwise. Public Funds are not eligible for this offer. The Bank may limit the amount you may deposit in this product to an aggregate of $1 million. | |||
Apply for a Business Savings account today Apply In Person
Give us a call at 1-800-416-8658
The APY (Annual Percentage Yield) is a percentage rate that reflects the total amount of interest paid on the account, based on the interest rate and the frequency of compounding for a 365-day period. Your account statement will include the APY earned on your savings accounts and interest-earning checking accounts for the period covered by the statement.
