Business Money Market | Interest Rate | APY* | Minimum Daily Balance to obtain APY |
$5,000.00 - $500,000.00 | 2.96% | 3.00% | $5,000.00 |
$500,000.01 and above | 3.20% | 3.25% | $500,000.01 |
*Annual Percentage Yield (APY) effective 12/04/2023 and subject to change. Variable rate accounts. The rate may change after the account is opened. Fees charged could reduce earnings on an account. Minimum deposit to open $5,000.00. | |||
Business Accounts | Interest Rate | APY** |
Business Savings Account | 1.00% | 1.00% |
**Annual Percentage Yield (APY) effective 12/04/2023 and subject to change. Variable rate accounts. The rate may change after the account is opened. Fees charged could reduce earnings on an account. Minimum deposit to open $1.00. Minimum daily balance to obtain APY $10.00 | ||
Business Term Deposit Certificates and Simplified Employee Pension (SEP) IRAs | Interest Rate | APY*** |
Business Term Deposit Certificates (TDC) Minimum deposit to open Term Deposit Certificates is $500.00 | ||
91 Day TDC | 3.93% | 4.00% |
6 Month TDC | 4.88% | 5.00% |
12 Month TDC | 4.17% | 4.25% |
18 Month TDC | 4.17% | 4.25% |
24 Month TDC | 4.17% | 4.25% |
30 Month TDC | 3.93% | 4.00% |
36 Month TDC | 3.93% | 4.00% |
Simplified Employee Pension (SEP) IRAs Minimum to open IRA Term Deposit Certificates is $1.00 | ||
12 Month IRA TDC | 4.17% | 4.25% |
18 Month IRA TDC | 4.17% | 4.25% |
24 Month IRA TDC | 4.17% | 4.25% |
30 Month IRA TDC | 3.93% | 4.00% |
36 Month IRA TDC | 3.93% | 4.00% |
***Annual Percentage Yield (APY) effective 12/04/2023 and subject to change. Penalty may be applied on funds withdrawn prior to maturity for all term deposit certificates. Fees charged could reduce earnings on an account. Minimum daily balance to obtain APY $10.00. | ||
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