Features

Business Savings

Business Money Market

Business CD1

May suit businesses
who are looking for:

An account earning interest income while maintaining liquidity of funds

An account with a competitive interest rate which maintains liquidity of funds and with limited check writing capability

An account which is a safe investment with a fixed interest rate through maturity

Interest

Yes

  • Variable tiered rate2
  • Compounds daily
  • Credits monthly

 

Yes

  • Variable tiered rate2
  • Compounds monthly
  • Credits monthly

 

Yes

  • Fixed rate for term
  • Terms range from 7 days to 5 years

 

Minimum to Open

$500

$10,000

$2,500

Monthly Maintenance Charge

$5

$15

N/A

Balance to Avoid
Monthly Maintenance Charge

$500

$10,000

N/A
  1. A penalty may be applied for early withdrawal.
  2. We use the daily balance method to calculate the interest on these accounts. This method applies a daily periodic rate to the principal in the account each day. The entire balance accrues interest at the rate for the balance tier of the end-of-day balance. The interest rate and Annual Percentage Yield may change after account opening without notice, at our discretion. Fees can reduce earnings on the account.

No ATM or debit card service allowed.

Business Savings Account Comparison