Business Deposit Rates
Business Deposit Product Interest Rates
Effective August 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. | |||
