Business Deposit Rates

Annual percentage yields (APY) accurate as of: 02/01/24

Checking Account

  Business Checking
Minimum Opening Deposit $1,000
APY / INT Rate N/A

 

Certificate of Deposit Accounts

  12-Month CD 18-Month CD 24-Month CD
Minimum Opening Deposit $1,000 $1,000 $1,000
APY / INT Rate $1,000 - $49,999.99 5.00% / 4.81% 3.50% / 3.39% 3.25% / 3.15%
APY / INT Rate $50,000 - $99,999.99 5.00% / 4.81% 3.50% / 3.39% 3.25% / 3.15%
APY / INT Rate $100,000 - $249,999.99 5.00% / 4.81% 3.50% / 3.39% 3.25% / 3.15%
APY / INT Rate $250,000+ 5.00% / 4.81% 3.50% / 3.39% 3.25% / 3.15%

 

Money Market Account

  Business Money Market Savings
Minimum Opening Deposit $1,000
APY/INT Rate $1,000 – $49,999.99 0.15% / 0.15%
APY/INT Rate $50,000 – $99,999.99 0.20% / 0.20%
APY/INT Rate $100,000 – $149,999.99 0.25% / 0.25%
APY/INT Rate $150,000+ 0.30% / 0.30%

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Money Market accounts are variable rates. Each balance tier described above reflects the minimum daily balance required to obtain the applicable APY. The APY and interest rate offered may be the same in one or more balance tiers, and the APY and interest rate within one or more balance tiers may change at any time without notice after the account is opened. Fees may reduce earnings. Certain types of transfers and withdrawals are limited to six (6) per month, a fee is assessed for each withdrawal or transfer exceeding the limit.

Certificate of Deposit accounts are fixed rate, fixed term accounts. The applicable APY and interest rate depend on the balance tier and term of the account as described above, and apply to the initial term. The APY assumes all interest and principal remain on deposit until maturity. The APY and interest rate may change without notice until the account is opened. A penalty is imposed for early withdrawal. Fees may reduce earnings.