Business Savings Rates
Interest Rates & Annual Percentage Yields (APYs) are effective as of: 11/20/2024
Business Savings & Public Funds Savings
Minimum balance to open: $500
| Balance1 | Interest Rate1 | APY1 |
|---|---|---|
| All balances | 0.10% | 0.10% |
1 We may change the balance tiers of the account at any time without notice. Interest Rates and Annual Percentage Yields (APYs) shown are offered on accounts accepted by the Bank and effective as of the date shown above. Your balance earns the interest rate in effect each day for the balance tier associated with your account balance. We may change the interest rate and annual percentage yield of each balance tier at our discretion. CDs earn interest at the rate established at the time of account opening, and the interest rate will not change for the term of the account. New CDs with a balance of $5,000,000 or more require approval to open.
Fees could reduce earnings. Rates and terms are subject to change.
Business Money Market & Public Funds Money Market
Minimum balance to open: $1,000
| Balance1 | Interest Rate1 | APY1 |
|---|---|---|
| $9,999 or less | 0.20% | 0.20% |
| $10,000 - $49,999 | 0.30% | 0.30% |
| $50,000 - $99,999 | 0.35% | 0.35% |
| $100,000 - $249,999 | 0.70% | 0.70% |
| $250,000 - $499,999 | 0.70% | 0.70% |
| $500,000 - $999,999 | 0.75% | 0.75% |
| $1,000,000 or more | 0.75% | 0.75% |
1 We may change the balance tiers of the account at any time without notice. Interest Rates and Annual Percentage Yields (APYs) shown are offered on accounts accepted by the Bank and effective as of the date shown above. Your balance earns the interest rate in effect each day for the balance tier associated with your account balance. We may change the interest rate and annual percentage yield of each balance tier at our discretion. CDs earn interest at the rate established at the time of account opening, and the interest rate will not change for the term of the account. New CDs with a balance of $5,000,000 or more require approval to open.
Fees could reduce earnings. Rates and terms are subject to change.
Certificates of Deposit (CDs)
Business CD - Promotional Offer3, 4
Minimum balance to open: $1,000
| Term | Balance1 | Interest Rate1 | APY1 |
|---|---|---|---|
| 3 months | $99,999 or less | 4.40% | 4.50% |
| $100,000 or more | 4.40% | 4.50% | |
| 6 months | $99,999 or less | 4.40% | 4.50% |
| $100,000 or more | 4.40% | 4.50% | |
| 9 months | $99,999 or less | 3.92% | 4.00% |
| $100,000 or more | 3.92% | 4.00% | |
| 12 months | $99,999 or less | 3.68% | 3.75% |
| $100,000 or more | 3.68% | 3.75% | |
| 24 months | $99,999 or less | 3.44% | 3.50% |
| $100,000 or more | 3.44% | 3.50% |
1 We may change the balance tiers of the account at any time without notice. Interest Rates and Annual Percentage Yields (APYs) shown are offered on accounts accepted by the Bank and effective as of the date shown above. Your balance earns the interest rate in effect each day for the balance tier associated with your account balance. We may change the interest rate and annual percentage yield of each balance tier at our discretion. CDs earn interest at the rate established at the time of account opening, and the interest rate will not change for the term of the account. New CDs with a balance of $5,000,000 or more require approval to open.
3 Offer good for the initial term only. CD is automatically renewed for the same term. The rate is determined based on the published rate for Business CD, excluding Business CD promotional offers. Advertised rate and APY are offered at the bank's discretion and may change daily.
4 An early withdrawal penalty may be imposed for withdrawals of the principal amount of your CD before maturity. If your CD has a term of one year or less, the fee will equal three months interest on the principal amount withdrawn. If your CD has a term of more than one year, the fee will equal six months interest on the principal amount withdrawn.
Fees could reduce earnings. Rates and terms are subject to change.
Business CD2, 4
Minimum balance to open: $1,000
| Term | Balance1 | Interest Rate1 | APY1 |
|---|---|---|---|
| 3 – 5 months | $99,999 or less | 3.00% | 3.05% |
| $100,000 or more | 3.01% | 3.06% | |
| 6 – 11 months | $99,999 or less | 3.00% | 3.05% |
| $100,000 or more | 3.01% | 3.06% | |
| 12 – 17 months | $99,999 or less | 3.00% | 3.05% |
| $100,000 or more | 3.01% | 3.06% | |
| 18 – 23 months | $99,999 or less | 3.00% | 3.05% |
| $100,000 or more | 3.01% | 3.06% | |
| 24 – 35 months | $99,999 or less | 0.40% | 0.40% |
| $100,000 or more | 0.41% | 0.41% | |
| 36 – 47 months | $99,999 or less | 0.40% | 0.40% |
| $100,000 or more | 0.41% | 0.41% | |
| 48 – 59 months | $99,999 or less | 0.40% | 0.40% |
| $100,000 or more | 0.41% | 0.41% | |
| 60 months | $99,999 or less | 0.45% | 0.45% |
| $100,000 or more | 0.46% | 0.46% |
1 We may change the balance tiers of the account at any time without notice. Interest Rates and Annual Percentage Yields (APYs) shown are offered on accounts accepted by the Bank and effective as of the date shown above. Your balance earns the interest rate in effect each day for the balance tier associated with your account balance. We may change the interest rate and annual percentage yield of each balance tier at our discretion. CDs earn interest at the rate established at the time of account opening, and the interest rate will not change for the term of the account. New CDs with a balance of $5,000,000 or more require approval to open.
2 Prior approval is required when opening a CD with $5,000,000 or more. CDs for bond or court ordered purposes may be opened with a minimum balance of $0.01 and are only available under $1,000.
4 An early withdrawal penalty may be imposed for withdrawals of the principal amount of your CD before maturity. If your CD has a term of one year or less, the fee will equal three months interest on the principal amount withdrawn. If your CD has a term of more than one year, the fee will equal six months interest on the principal amount withdrawn.
Fees could reduce earnings. Rates and terms are subject to change.
Public Funds CD4
Minimum balance to open: $1,000
| Term | Balance1 | Interest Rate1 | APY1 |
|---|---|---|---|
| 3 – 5 months | $99,999 or less | 2.70% | 2.74% |
| $100,000 or more | 2.71% | 2.75% | |
| 6 – 11 months | $99,999 or less | 2.70% | 2.74% |
| $100,000 or more | 2.71% | 2.75% | |
| 12 – 23 months | $99,999 or less | 2.70% | 2.74% |
| $100,000 or more | 2.71% | 2.75% |
1 We may change the balance tiers of the account at any time without notice. Interest Rates and Annual Percentage Yields (APYs) shown are offered on accounts accepted by the Bank and effective as of the date shown above. Your balance earns the interest rate in effect each day for the balance tier associated with your account balance. We may change the interest rate and annual percentage yield of each balance tier at our discretion. CDs earn interest at the rate established at the time of account opening, and the interest rate will not change for the term of the account. New CDs with a balance of $5,000,000 or more require approval to open.
4 An early withdrawal penalty may be imposed for withdrawals of the principal amount of your CD before maturity. If your CD has a term of one year or less, the fee will equal three months interest on the principal amount withdrawn. If your CD has a term of more than one year, the fee will equal six months interest on the principal amount withdrawn.
Fees could reduce earnings. Rates and terms are subject to change.
For more information call us at 707.524.3000 or 800.995.4066 or visit one of our branches.