Business Certificate of Deposit

Help grow your money with a fixed rate of return

If you have excess capital that you won’t need to utilize in the near term, it makes sense to invest it safely until you need it. A certificate of deposit, or CD, is a type of savings account with a fixed interest rate that is higher than a regular savings account. To earn this higher rate means locking the funds in the account for a fixed term length. The money is not available to you without a penalty until the withdrawal date, also known as the maturity date.

If you want to earn the most interest with the least risk, a Certificate of Deposit might be the right investment option for you.

Certificate of deposit account details

• Minimum deposit to open (will vary according to term)
• Certificates of Deposits are available in a variety of rates and terms
• Early withdrawal penalty may apply
• After the account is opened you may not make additional deposits
• Interest may be reinvested, deposited to another account or paid out by check
• Pays a competitive rate of interest through maturity date
• Maturity notice is mailed ten days prior to maturity date
• Certificates can be used as collateral on loans