Business Account Rates

Business Savings

Effective Date: Saturday, May 25, 2019

Business Savings

AccountInterest RateAPYOptimum Benefits
Tier III APY1
Optimum Benefits
Tier IV APY2
Business Savings0.05%0.05%0.06%0.10%

APY=Annual Percentage Yield

$10.00 minimum balance to open and earn APYs. Fees may reduce earnings. Variable rate may change.

1Maintain an average monthly checking balance minimum of $50,000 or maintain an average combined balance minimum (*1) of $100,000 or maintain an average commercial loan or line of credit balance of $250,000 and conducting a minimum monthly transaction (*2) volume of 10 in your Optimum Business Checking to earn +.01% APY bonus.

2Maintain an average monthly checking balance minimum of $100,000 or maintain an average combined balance minimum (*1) of $250,000 or maintain an average commercial loan or line of credit balance of $500,000 and conducting a minimum monthly transaction (*2) volume of 10 in your Optimum Business Checking to earn +.05% APY bonus.

(*1) Average combined balance minimum refers to the average monthly balance of business deposit accounts sharing the same reporting Tax ID number as your Optimum Business Checking anchor account.

(*2) Transactions include, but are not limited to, deposits, deposited items, checks paid, ATM, POS, and ACH Transactions.

Business Money Market

Effective Date: Saturday, May 25, 2019

Business Money Market

Balance Interest Rate APYOptimum Benefits Tier III APY1Optimum Benefits Tier IV APY2
$0 - $9.990.00%0.00%0.00%0.00%
$10.00 - $24,999.990.50%0.50%0.51%0.55%
$25,000 - $99,999.990.75%0.75%0.76%0.80%
$100,000.00 - $499,999.991.10%1.11%1.12%1.16%
$500,000.00 and above1.70%1.71%1.72%1.76%

APY=Annual Percentage Yield

$10 minimum balance to open and earn Base APY. Fees may reduce earnings. Interest compounded and credited monthly. Variable rate may change after account is opened. Certain other restrictions may apply. Monthly maintenance fee of $5 is waived with a $2,500 average daily balance.

1Maintain an average monthly checking balance minimum of $50,000 or maintain an average combined balance minimum (*1) of $100,000 or maintain an average commercial loan or line of credit balance of $250,000 and conducting a minimum monthly transaction (*2) volume of 10 in your Optimum Business Checking to earn +.01% APY bonus.

2Maintain an average monthly checking balance minimum of $100,000 or maintain an average combined balance minimum (*1) of $250,000 or maintain an average commercial loan or line of credit balance of $500,000 and conducting a minimum monthly transaction (*2) volume of 10 in your Optimum Business Checking to earn +.05% APY bonus.

(*1) Average combined balance minimum refers to the average monthly balance of business deposit accounts sharing the same reporting Tax ID number as your Optimum Business Checking anchor account.

(*2) Transactions include, but are not limited to, deposits, deposited items, checks paid, ATM, POS, and ACH Transactions.

Business Certificates of Deposit

Effective Date: Saturday, May 25, 2019

Business Certificates of Deposit

TermMinimum Daily Balance to open & earn APYInterest RateAPYOptimum Benefits Tier III APY1Optimum Benefits Tier IV APY2
3 months$1,0000.05%0.05%0.06%0.10%
6 months$1,0000.26%0.26%0.27%0.31%
12 months$1,0001.00%1.00%1.01%1.05%
13 months$1,0001.98%2.00%2.01%2.05%
18 months$1,0001.24%1.25%1.26%1.30%
19 months$1,0002.37%2.40%2.41%2.45%
24 months$1,0000.70%0.70%0.71%0.75%
36 months$1,0000.85%0.85%0.86%0.90%
48 months$1,0001.14%1.15%1.16%1.20%
60 months$1,0001.98%2.00%2.01%2.05%

APY=Annual Percentage Yield

Penalties may be imposed on early withdrawals. Fees may reduce earnings. Rates are subject to change without notice. $1,000 Minimum balance required to open and earn Annual Percentage Yield (APY). Select terms available for online account opening. 

1Maintain an average monthly checking balance minimum of $50,000 or maintain an average combined balance minimum (*1) of $100,000 or maintain an average commercial loan or line of credit balance of $250,000 and conducting a minimum monthly transaction (*2) volume of 10 in your Optimum Business Checking to earn +.01% APY bonus.

2Maintain an average monthly checking balance minimum of $100,000 or maintain an average combined balance minimum (*1) of $250,000 or maintain an average commercial loan or line of credit balance of $500,000 and conducting a minimum monthly transaction (*2) volume of 10 in your Optimum Business Checking to earn +.05% APY bonus.

(*1) Average combined balance minimum refers to the average monthly balance of business deposit accounts sharing the same reporting Tax ID number as your Optimum Business Checking anchor account.

(*2) Transactions include, but are not limited to, deposits, deposited items, checks paid, ATM, POS, and ACH Transactions.

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