Savings

Business Savings

Save your business' excess funds with the added assurance that they are available to withdraw or transfer at any time.

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  • Earns a variable rate of interest on balances of $10 or more maintained in the account each day
  • Easily make transfers or withdrawals in person, online, by mail, or at an ATM1
  • 24/7 Account Access available with our Business Online Banking
  • Can be linked to your Visa® Debit Card (requires a checking account) with 24-hour ATM access
  • Free eStatements
  • 100% deposit insurance through FDIC and SIF
  • Monthly Maintenance Feeof $5 is waived with a $500 average daily balance 

Business Savings

*Please refer to the Business Fee Schedule for other fees that may apply to business deposit accounts. All products and fees subject to change without notice.

1Transaction Limitations: In accordance with federal regulations, you will be permitted to make no more than 6 combined pre-authorized, automatic, check or telephone transfers per statement cycle from your Savings account to another account or third party. If you exceed these restrictions, we may assess an excess fee.

 

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Business Savings

Interest RateAnnual Percentage Yield (APY)Minimum Balance to Open & Earn APY
0.05%0.05%$10.00

APY=Annual Percentage Yield

Fees may reduce earnings. Variable rate may change after account is opened. Certain restrictions may apply.

Business Money Market

With the tiered interest rate structure of our Business Money Market account, your reserves can work even harder to grow your business' savings. As your balance grows, the interest rate will increase automatically.

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  • Tiered rate structure — larger balances earn higher rates
  • 24/7 Account Access available with our Business Online Banking
  • Make transfers or withdrawals in person, online, by mail, or at an ATM1
  • Monthly Maintenance Feeof $5 is waived with a $2500 average daily balance 
  • Can be linked to your Visa® Debit Card or ATM Card (requires a checking account) with 24-hour ATM access
  • 100% deposit insurance through FDIC and SIF

Business Money Market

*Please refer to the Business Fee Schedule for other fees that may apply to business deposit accounts. All products and fees subject to change without notice.

1Transaction Limitations: In accordance with federal regulations, you will be permitted to make no more than 6 combined pre-authorized, automatic, check or telephone transfers per statement cycle from your Money Market account to another account or third party. If you exceed these restrictions, we may assess an excess fee.

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Effective Date: Monday, September 16, 2019

Business Money Market

Balance Interest Rate Annual Percentage Yield (APY)
$0 - $9.990.00%0.00%
$10.00 - $24,999.990.40%0.40%
$25,000 - $99,999.990.65%0.65%
$100,000.00 - $499,999.991.01%1.01%
$500,000.00 and above1.49%1.50%

APY=Annual Percentage Yield

Minimum balance to open and earn APY is $10.00.

Business Certificate of Deposit (CD)

Safely invest your business earnings and build your bottomline with a Certificate of Deposit (CD)1 . Select a suitable term length for funds to accrue competitive interest, and never worry about paying a monthly maintenance fee.

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  • Competitive rates
  • Fixed rates for length of term
  • Terms range from 3 to 60 months
  • Early withdrawal penalties apply
  • Automatic renewals
  • 100% deposit insurance through FDIC and SIF

 

Business Certificates of Deposit

*Please refer to the Business Fee Schedule for other fees that may apply to business deposit accounts. All products and fees subject to change without notice.

1Penalties may be imposed on early withdrawals. Fees may reduce earnings.

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Effective Date: Monday, September 16, 2019

Business Certificates of Deposit

TermInterest RateAnnual Percentage Yield (APY)Minimum to Open & Earn APY
3 months1.24%1.25%$1,000.00
6 months1.39%1.40%$1,000.00
12 months1.98%2.00%$1,000.00
18 months2.13%2.15%$1,000.00
24 months1.98%2.00%$1,000.00
36 months1.98%2.00%$1,000.00
48 months1.98%2.00%$1,000.00
60 months1.98%2.00%$1,000.00

APY=Annual Percentage Yield

Penalties may be imposed on early withdrawals. Fees may reduce earnings. Rates are subject to change without notice.

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Optimum Advantage Business Checking

Designed for businesses with higher activity and the need for advanced payment services.

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