Business Deposit Rates

Business Deposit Product Interest Rates

Effective June 1, 2017 • Subject to Change

  • The Bank reserves the right to individually price deposits in excess of $500,000.00.
  • The following types of accounts are variable rate accounts and the rate may change after the account is open.
  • Fees may reduce the earnings on the account
Interest – Bearing      
Balance Tier Minimum Balance to Open Account Interest Rate Annual Percentage Yield
$1.00 to $9,999.99 $25.00 0.03% 0.03%
$10,000.00 to $24,999.99   0.03% 0.03%
$25,000.00 to $49,999.99   0.03% 0.03%
$50,000.00 to $74,999.99   0.03% 0.03%
$75,000.00 to $99,999.99   0.03% 0.03%
$100,000.00 or greater   0.03% 0.03%
       
Money Market Checking
$1,000 to $9,999.99 $25.00 0.03% 0.03%
$10,000.00 to $24,999.99   0.03% 0.03%
$25,000.00 to $49,999.99   0.03% 0.03%
$50,000.00 to $74,999.99   0.03% 0.03%
$75,000.00 to $99,999.99   0.05% 0.05%
$100,000.00 or greater   0.05% 0.05%
       
Money Market Special
$1,000 to $9,999.99 $25.00 0.03% 0.03%
$10,000.00 to $24,999.99   0.03% 0.03%
$25,000.00 to $49,999.99   0.03% 0.03%
$50,000.00 to $74,999.99   0.03% 0.03%
$75,000.00 to $99,999.99   0.05% 0.05%
$100,000.00 to $249,999.99   0.60% 0.60%
$250,000.00 or greater   0.80% 0.80%
       
Certificates of Deposit
6-Month $1,000.00 0.05% 0.05%
12-Month $1,000.00 0.10% 0.10%
18-Month $1,000.00 0.15% 0.15%
24-Month $1,000.00 0.20% 0.20%
36-Month $1,000.00 0.35% 0.35%
48-Month $1,000.00 0.50% 0.50%
60-Month $1,000.00 0.80% 0.80%
The above certificates of deposit accounts automatically renew and the rate may change at maturity. A penalty may be imposed for early withdrawal.
Special Certificates of Deposits & Special IRA Certificates of Deposit
11-Month Special $1000.00\ $100,000.00(Jumbo CD) 1.00% 1.00%
17-Month Special $1000.00\ $100,000.00(Jumbo CD) 1.20% 1.21%
The above certificates of deposit accounts automatically renew and the rate may change at maturity. A penalty may be imposed for early withdrawal. Special rate certificates of deposits require $1000.00 new money to the bank to be deposited into the account.
Jumbo Certificates of Deposit
6-Month $100,000.00 0.05% 0.05%
12-Month $100,000.00 0.10% 0.10%
18-Month $100,000.00 0.15% 0.15%
24-Month $100,000.00 0.20% 0.20%
36-Month $100,000.00 0.35% 0.35%
48-Month $100,000.00 0.50% 0.50%
60-Month $100,000.00 0.80% 0.80%
The above certificates of deposit accounts automatically renew and the rate may change at maturity. A penalty may be imposed for early withdrawal.