Certainty is rare in business — but you can have it with this savings solution that guarantees returns at a fixed rate.
Benefits
- Reach longer-term business savings goals
- Guaranteed earnings at a competitive, fixed rate
- Higher rates than a regular savings account
- Longer terms earn higher rates
- Wide range of terms available (3 months to 5 years)
- Interest on terms of less than 12 months is compounded at maturity
- No setup or maintenance fees
- CDs renew automatically upon maturity
- Early withdrawals subject to penalty*
- No minimum deposit to open ($5,000 minimum for 3-month CDs)
*Early withdrawals may result in a loss of 3-6 months of interest as a penalty. 3 months interest penalty on CDs with a term of under 12 months. 6 months interest penalty on CDs with a term of 12 months or more.
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