Business CD Accounts
In an uncertain market, choose a stable way to invest your business savings.
Watch Your Money Grow
A certificate of deposit (CD) is a great savings tool for your long-term financial goals.
When interest rates fluctuate, you can be confident that you have a guaranteed rate of return on your money.
Features and Benefits
Fixed, High-Yield Rate
Lock in your return regardless of market conditions.
FDIC Insured2
Your money is safe up to the allowable limit.
Online Account Opening
Easily manage your account and add authorized signers.
Manage Renewal Preferences Online
We make it easy for you to keep track of maturity dates and renewals.
Automatic Monthly Interest Payment
Watch your money grow with monthly interest disbursements.
Add Business Signers
Our Customer Success team can help.
Business CD FAQ
Yes, you may add up to four additional authorized signers for the Business CD (for a total of five authorized signers). Authorized signers must be a U.S. citizen or Permanent Resident and listed on the Entity Authorization provided at account opening.
To open a Business Certificate of Deposit, we will ask for the personal information of the authorized signers, business information, and bank account information. We will verify the information provided electronically.
Once this information is confirmed, you will enter an amount which will be transferred from the verified bank account into your new Business CD. You may add additional authorized signers after funding the account.
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Authorized Signers must be a United States citizen or Permanent Resident with a valid Social Security Number. People lawfully admitted to the United States on a temporary basis who have DHS authorization to work are not eligible to open an account. We may request supporting documentation for verification. The following business entity types may open an account:
- Corporation
- Limited Liability Corporation
- Sole Proprietorship
- Partnership
- Limited Partnership
- Professional Corporation
- Association
- Non-profit
Currently, the minimum is $2,500 and the maximum is $250,000 per account.
Account Fees:
- Online Banking Fee: No Charge
- Monthly Interest Disbursements Fee: No Charge
Early Withdrawal Penalties:
- Early Principal Withdrawal of a CD with a term less than 24 months: 90 Days of Simple Interest
- Early Principal Withdrawal of a CD with a term 24 months or greater: 180 Days of Simple Interest
