BUSINESS Savings & CDs
Named by CNBC Select as one of the Best Small Business Savings Accounts for 2022. Not to mention, FDIC-insured.
Want to put your money to work? Yeah, we think that sounds pretty good too! And, as our name implies, with no expensive branch offices to maintain, we are able to pass the savings along to you with better rates and lower fees. Add the convenience of our free online and mobile banking tools, and building your company’s savings has never been easier!
Savings Account Options
Money Market Savings Open an account |
Regular Savings Open an account |
|
---|---|---|
Open with as little as | $100 | $100 |
APY (Annual Percentage Yield) | 3.46% with a daily balance of $5,000,000 or below
5.48% with a daily balance above $5,000,000 |
0.91%
|
Interest rate | 3.40% with a daily balance of $5,000,000 or below
5.33% with a daily balance above $5,000,000 |
0.90% |
Monthly maintenance fee | $5 | $2 |
Average daily balance to avoid fee | $4,000 | $1,000 |
Transactions allowed per month | 6 | 6 |
ATM card | For sole proprietors only | For sole proprietors only |
CDs
Term | Interest Rate | Annual Percentage Yield (APY) | Early Withdrawal Penalties |
---|---|---|---|
3 Months open an account |
4.05% | 4.14% | 90 days interest |
6 Months open an account |
5.05% | 5.18% | 180 days interest |
12 Months open an account |
5.17% | 5.31% | 180 days interest |
18 Months open an account |
4.91% | 5.04% | 180 days interest |
24 Months open an account |
4.70% | 4.82% | 360 days interest |
36 Months open an account |
4.55% | 4.66% | 360 days interest |
48 Months open an account |
4.40% | 4.50% | 360 days interest |
60 Months open an account |
4.45% | 4.55% | 360 days interest |