Business Certificates of Deposit
Traditional Certificate of Deposit (CD)
Enjoy competitive rates with the added security of Federal Deposit Insurance coverage. Interest rates vary on our Certificates of Deposit depending on the term and amount of deposit. Terms range from 90 days to 5 years. Minimum balance required to open a CD is $500.00. Special promotions may require a larger opening deposit. Deposits of $10,000.00 or more to open automatically earn higher interest rates, excluding specials. Early withdrawal may reduce earnings.
CDARS - Certificate of Deposit Account Registry Service
Through a national Network - the CDARS Network - of financial institutions, you can access multi-million-dollar FDIC protection. Using CDARS, we place your deposits into smaller denomination CDs with other banks. You no longer need to deal with managing multiple bank relationships just to get the advantages of FDIC coverage eligibility1. Learn more...
Benefits of CDARS
- Safety - Your money can access multi-million-dollar FDIC insurance coverage.
- Convenience - You work directly with us. You earn one interest rate per maturity and receive one regular statement. Individual investors receive one year-end tax form.
- Community Investment - The full amount of your deposit can support lending opportunities in your local community2.
- CD-Level Rates - Your money earns CD-level returns which may compare favorably with other investment alternatives, including treasuries, corporate sweep accounts, and money market funds.
CDARS can be a valuable cash management or longer-term investment tool for you or your business.
