Certificates of Deposit for Business
Low minimum deposit and low minimum maturity of 30 days allows you to design a certificate of deposit account to meet your immediate and future cash needs.
- Minimum deposit of $750
- Use your CD as collateral for a loan
- Interest accrues from the first day of deposit and is calculated using the daily balance method by applying a daily periodic rate to the principal in the account each day
- Interest is credited upon maturity or renewal
- Automatically renewable when specified at the time of purchase. Bank rate at time of renewal will apply
- Maturity notice mailed prior to maturity date
- Deposits up to $250,000 are insured by FDIC
- Cash may be withdrawn early (penalty applies)
