Business Deposit Rates

Business Deposit Product Interest Rates

Effective March 19, 2020 • 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.
NOW Account      
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 Account
$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   0.10% 0.10%
$250,000.00 or greater   0.15% 0.15%
       
Certificates of Deposit
3-Month $2,500.00 0.05% 0.05%
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 0.40% 0.40%
60-Month $1,000.00 0.40% 0.40%

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 
5-Month $2,500.00\ $100,000.00(Jumbo CD) 0.35% 0.35%
11-Month Special $2,500.00\ $100,000.00(Jumbo CD) 0.30% 0.30%

*Annual Percentage Yields (APY) shown are accurate as of March 19, 2020 and are subject to change or withdrawal at any time. Rates are not effective until the account is opened. A penalty will be imposed for early withdrawal. Fees may reduce earning. Not valid with any other offer. Financial institutions and brokers are not eligible for this offer. Mars Bank reserves the right to individually price deposits in excess of $500,000.  FDIC insured up to applicable limits. Member FDIC.

Jumbo Certificates of Deposit
3-Month $100,000.00 0.05% 0.05%
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 0.40% 0.40%
60-Month $100,000.00 0.40% 0.40%
The above certificates of deposit accounts automatically renew and the rate may change at maturity. A penalty may be imposed for early withdrawal.

 

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