Business Deposit Rates

Business Deposit Product Interest Rates

Effective October 5, 2020 • Subject to Change

  • The following  are variable rate accounts, the rate may change after the account is open.
  • Fees may reduce earnings on an account.
  • Rates are not effective until the account is opened.
  • See Deposit Account Agreement Disclosure and Fee Schedule for additional account information.
  • The Bank reserves the right to individually price deposits in excess of $500,000.
  • Not valid for institutional investors and brokered accounts.
NOW Account
Balance Tier Minimum Balance to Open Account Interest Rate Annual Percentage Yield
$1.00 to $9,999.99 $25.00 0.01% 0.01%
$10,000.00 to $24,999.99 0.01% 0.01%
$25,000.00 to $49,999.99 0.01% 0.01%
$50,000.00 to $74,999.99 0.01% 0.01%
$75,000.00 to $99,999.99 0.01% 0.01%
$100,000.00 or greater 0.01% 0.01%
Money Market Account
$1,000 to $9,999.99 $25.00 0.01% 0.01%
$10,000.00 to $24,999.99 0.01% 0.01%
$25,000.00 to $49,999.99 0.01% 0.01%
$50,000.00 to $74,999.99 0.01% 0.01%
$75,000.00 to $99,999.99 0.03% 0.03%
$100,000.00 or greater 0.03% 0.03%
Certificates of Deposit
3-Month $2,500.00 0.03% 0.03%
6-Month $1,000.00 0.05% 0.05%
12-Month $1,000.00 0.08% 0.08%
18-Month $1,000.00 0.08% 0.08%
24-Month $1,000.00 0.08% 0.08%
36-Month $1,000.00 0.08% 0.08%
48-Month $1,000.00 0.08% 0.08%
60-Month $1,000.00 0.08% 0.08%
The above certificates of deposit (CD) accounts automatically renew and the rate may change at maturity. A penalty may be imposed for early withdrawal. Penalties may reduce the earnings on an account. The account requires a minimum opening deposit based on term and APY that is stated. The 3-Month CD is not eligible for IRA Certificate of Deposit. The 3-Month CD is not available for new accounts.
Jumbo Certificates of Deposit
3-Month $100,000.00 0.03% 0.03%
6-Month $100,000.00 0.05% 0.05%
12-Month $100,000.00 0.08% 0.08%
18-Month $100,000.00 0.08% 0.08%
24-Month $100,000.00 0.08% 0.08%
36-Month $100,000.00 0.08% 0.08%
48-Month $100,000.00 0.08% 0.08%
60-Month $100,000.00 0.08% 0.08%
The above certificates of deposit (CD) accounts automatically renew and the rate may change at maturity. A penalty may be imposed for early withdrawal. Penalties may reduce the earnings on an account. The account requires a minimum opening deposit based on term and APY that is stated. The 3-Month CD is not eligible for IRA Certificate of Deposit. The 3-Month CD is not available for new accounts.

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