Current Business Rates
Rates effective as of Tuesday, March 17, 2020
Business High Yield Money Market
| Minimum to earn APY* | Compounding | Minimum to open | Interest Rate | APY* |
|---|---|---|---|---|
| $100,000 + | Daily | $25 | .65% | .65% |
| $50,000-$99,999.99 | Daily | $25 | .50% | .50% |
| $25,000-$49,999.99 | Daily | $25 | .50% | .50% |
| $10,000-$24,999.99 | Daily | $25 | .50% | .50% |
| $.01-$9,999.99 | Daily | $25 | .25% | .25% |
*APY = Annual Percentage Yield. This rate applies to business accounts depositing new money (outside funds) into the Business High Yield Money Market Account. Fees could reduce earnings.This offer is subject to change at any time. A $5 monthly maintenance fee will be assessed on balances less than $5,000. Federal regulations limit the number of electronic and check transactions you can make with your Money Market account to six transfers or withdrawals per monthly statement cycle. If you exceed these limits, a $5.00 excess activity fee may be assessed on each item after 6.
Certificate of Deposit (Non-Personal)
| CD Terms | Compounding | Minimum to open and earn APY* | Interest Rate | APY* |
|---|---|---|---|---|
| 3 months | Not compounded | $2,500 | .20% | .20% |
| 6 months | Not compounded | $2,500 | .35% |
.35% |
| 12 months | Daily | $1,000 | .50% | .50% |
| 24 months | Daily | $1,000 | .50% | .50% |
| 36 months | Daily | $1,000 | .50% | .50% |
| 48 months | Daily | $1,000 | .50% | .50% |
| 60 months | Daily | $1,000 | .65% | .65% |
*APY= Annual Percentage Yield. † An early withdrawal penalty may be imposed and could reduce earnings. Fees could reduce earnings.
Statement Savings (Non-Personal)
| Minimum to earn APY* | Compounding | Minimum to open | Interest Rate | APY* |
|---|---|---|---|---|
| $100,000+ | Daily | $25 | .10% | .10% |
| $50,000 - $99,999.99 | Daily | $25 | .10% | .10% |
| $25,000 - $49,000.00 | Daily | $25 | .10% | .10% |
| $10,000 - $24,999.99 | Daily | $25 | .10% | .10% |
| $.01 - $9,999.99 | Daily | $25 | .10% | .10% |
*APY = Annual Percentage Yield. ** Rates may change at any time. Fees could reduce earnings.