Interest Rates for Business Accounts

Business Savings Accounts

Effective Date: May 1, 2017

Account TypeMinimum
Opening Balance
Minimum Balance
Required to Earn APY
Annual
Percentage
Yield (APY)
Statement Savings$10None0.25%
Passbook Savings$10None0.25%
Business Money Market Deposit $1,000 $1,000 or more0.50%

Your interest rate and Annual Percentage Yield (APY) may change after the account is opened.
Fees could reduce earnings on the account.

 

 

Business Certificate of Deposit (CDs)

Effective Date: May 1, 2017

Account TypeMinimum
Opening Balance
Minimum Balance
Required to Earn APY
Annual
Percentage
Yield (APY)
3-5 Month CD$1,000 $1,000 0.05%
6-8 Month CD$1,000 $1,000 0.25%
9-11 Month CD$1,000 $1,000 0.25%
12-Month CD$1,000 $1,000 0.30%
24-Month CD$1,000 $1,000 0.40%
36-Month CD$1,000 $1,000 1.25%
48-Month CD$1,000 $1,000 1.50%
60-Month CD$1,000 $1,000 2.00%

A penalty will be imposed for early withdrawal.

RATES ARE INTENDED FOR INFORMATION ONLY AND ARE SUBJECT TO CHANGE WITHOUT PRIOR NOTICE.

 

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