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.
4.63% APY*
for 13 months
Earn 4.63% annual percentage yield (APY) on a 13-month certificate of deposit (CD). Minimum deposit of $10,000.
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 Specials
| Term | Interest Rate | APY* | Minimum to Open | Notes |
|---|---|---|---|---|
| 7 months | 4.66% | 4.77% | $5,000 | |
| 13 months | 4.53% | 4.63% | $10,000 | |
| 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: 05/01/2024
Revised: 04/30/2024
* APY is Annual Percentage Yield. Penalties may be imposed for early withdrawal.
Fixed CD Rates
| Term | Interest Rate | APY* | Method of Compounding | Min to Open/Earn APY |
|---|---|---|---|---|
| 3 Months | 4.16% | 4.25% | Daily | $100 |
| 6 Months | 3.97% | 4.05% | Daily | $100 |
| 1 Year | 3.87% | 3.95% | Daily | $100 |
| 2 Years | 3.78% | 3.85% | Daily | $100 |
| 3 Years | 3.52% | 3.58% | Daily | $100 |
| 4 Years | 3.04% | 3.09% | Daily | $100 |
| 5 Years | 3.23% | 3.28% | Daily | $100 |
Interest Rates Effective: 05/01/2024
Revised: 04/30/2024
* Annual Percentage Yield (APY) assumes principal and interest remain on deposit for term at the same interest rate. APY assumes funds remain on deposit for 1 year. 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.