Business Savings / Certificates of Deposit

Certificates of Deposit

Various rates and terms available. We also offer Special CD Rates on this web site which are updated monthly. Call 1-800-326-4424 for additional rate quotes.

	Business Value Plus Savings	Business Statement Savings
Minimum Opening Balance	$5,000	$10
Minimum Daily Balance	$5,000 to avoid Minimum Balance Fee; $0 to obtain APY	$200 to avoid Minimum Balance Fee; $500 to obtain APY
Minimum Balance Fee	$10 or See (*A) to avoid Minimum Balance Fee	$5 or See (*A) to avoid Minimum Balance Fee
Interest Bearing	Yes	Yes
Compounded and Credited Interest	Monthly	Monthly
Transfer Limits	Yes – See (*B)	Yes – See (*B)
Online Banking	– Available to all business savings accounts. – Free 24-hour account access. – View daily balances and your latest transactions.
E-Statements	– Choose to change one or all of your statements to E-Statements. – Enroll in minutes from the “Electronic Statement” menu tab in your Online Banking account. – Go to E-Statements for more details.
Telephone Banking	– Available to all business savings accounts. – Free 24-hour account access. – Access daily balances, your latest transactions, and more.
Monthly Statement	By Postal Service or E-Statement	By Postal Service or E-Statement
Terms and Conditions: APY = Annual Percentage Yield (All Savings Accounts) There will be no payment of accrued interest if, at time of closing, accrued interest is less than $5. (*A) A Minimum Balance Fee will be imposed every statement period if the daily balance in the account falls below the minimum daily balance any day of the statement period. Service charges may reduce earnings. (*B) You may not make more than six (6) transfers and withdrawals from your account per month by means of a preauthorized or automatic transfer or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order payable to third parties. Excess Transaction Fee (over 6 items per cycle): $15 per item