Fixed Term CDFeatured CDFlexible CD ( )
| Amount | Interest Rate | Annual Percentage Yield (APY) |
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Business CDs and rates
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Secure savings
Get a fixed rate of return no matter which business CD account you choose
Compare CD accounts and rates
Lock in a rate at a higher yield
Minimum opening depositFor Featured CD Account, | For Featured CD Account, $XXXX |
TermFor Featured CD Account, | For Featured CD Account, Choose from multiple options: XXXX to XXXX These products will auto-renew into a Fixed term CD for the same term. See available terms and rates Business Featured CD Account layer |
Annual Percentage Yield (APY)For Featured CD Account, | For Featured CD Account, XXXX–XXXX%adatext depending on balance and term |
Additional deposits allowed?For Featured CD Account, | For Featured CD Account, No additional deposits until maturity |
Early withdrawal penalty?For Featured CD Account, | For Featured CD Account, Early withdrawal penalty appliesadatext |
FDIC insuredFor Featured CD Account, | For Featured CD Account,
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| Automatic renewaladatextFor Featured CD Account, | For Featured CD Account,
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Get the flexibility to choose your term
Minimum opening depositFor Fixed Term CD Account, | For Fixed Term CD Account, $XXXX |
TermFor Fixed Term CD Account, | For Fixed Term CD Account, Choose any term: XXXX to XXXX These products will auto-renew into a Fixed term CD for the same term See available terms and rates Fixed Term CD Account layer |
Annual Percentage Yield (APY)For Fixed Term CD Account, | For Fixed Term CD Account, XXXX–XXXX%adatext depending on balance and term |
Additional deposits allowed?For Fixed Term CD Account, | For Fixed Term CD Account, No additional deposits until maturity |
Early withdrawal penalty?For Fixed Term CD Account, | For Fixed Term CD Account, Early withdrawal penalty appliesadatext |
FDIC insuredFor Fixed Term CD Account, | For Fixed Term CD Account,
|
| Automatic renewaladatextFor Fixed Term CD Account, | For Fixed Term CD Account,
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Flexible withdrawals with a guaranteed funds return
Minimum opening depositFor Flexible CD Account, | For Flexible CD Account, $XXXX |
TermFor Flexible CD Account, | For Flexible CD Account, Open a 12 term. The product will auto-renew into a 9 month Flexible CD. See available terms and rates Flexible CD Account layer |
Annual Percentage Yield (APY)For Flexible CD Account, | For Flexible CD Account, XXXX–XXXX%adatext depending on balance and term |
Additional deposits allowed?For Flexible CD Account, | For Flexible CD Account, No additional deposits until maturity |
Early withdrawal penalty?For Flexible CD Account, | For Flexible Account, Early withdrawal penalty may applyadatext |
FDIC insuredFor Flexible CD Account, | For Flexible CD Account,
|
| Automatic renewaladatextFor Flexible CD Account, | For Flexible CD Account,
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Business Featured CDsLock in a rate at a higher yield | Fixed Term Business CDsGet the flexibility to choose your term | Flexible CDsFlexible withdrawals with a guaranteed funds return | |
|---|---|---|---|
Minimum opening deposit | For Featured CD Account, $XXXX | For Fixed Term CD Account, $XXXX | For Flexible CD Account, $XXXX |
Term | For Featured CD Account, Choose from multiple options: XXXX to XXXX These products will auto-renew into a Fixed term CD for the same term. | For Fixed Term CD Account, Choose any term: XXXX to XXXX These products will auto-renew into a Fixed term CD for the same term | For Flexible CD Account, Open a 12 term. The product will auto-renew into a 9 month Flexible CD. |
Annual Percentage Yield (APY) | depending on balance and term | depending on balance and term | depending on balance and term |
Additional deposits allowed? | For Featured CD Account, No additional deposits until maturity | For Fixed Term CD Account, No additional deposits until maturity | For Flexible CD Account, No additional deposits until maturity |
Early withdrawal penalty? | For Featured CD Account, Early withdrawal penalty appliesadatext | For Fixed Term CD Account, Early withdrawal penalty appliesadatext | For Flexible Account, Early withdrawal penalty may applyadatext |
FDIC insured | For Featured CD Account,
| For Fixed Term CD Account,
| For Flexible CD Account,
|
Automatic renewaladatext | For Featured CD Account,
| For Fixed Term CD Account,
| For Flexible CD Account,
|
Need more information about business CDs?
Call a Small Business Specialist at 1.866.543.2808 or schedule an appointment
Top business CD FAQs
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We offer 2 convenient ways of opening a Business CD:
The minimum opening balance varies depending on the type of business CD account. View our business CD comparison chart for details.
Visit our bank account interest rates page to view our business CD interest rates. See available terms and rates.
Yes. When you open a business CD account, you're agreeing to keep your money in the account for a specific period of time. If you want to withdraw your money earlier, you will be subject to the following penalties:
- For CDs with terms of less than 90 days: all interest earned on the amount withdrawn or 7 days of interest on the amount withdrawn, whichever is greater
- For CDs with terms of 90 days up to 12 months: 90 days of interest on the amount withdrawn
- For CDs with terms of 12-60 months: 180 days of interest on the amount withdrawn
- For CDs with terms of 60 months or longer: 365 days of interest on the amount withdrawn
For the Flexible CD, a penalty of 7 days interest will be imposed for early withdrawals within the first 6 days of the account term (or within the first 6 days following any partial withdrawal during the initial or any renewal term). If your account has not earned enough interest to cover an early withdrawal penalty, we deduct any interest first and take the remainder of the penalty from your principal. See Deposit Agreement and Disclosures and Deposit Rate Sheet for more detail about the penalty calculation.
Additional Business Savings and CD FAQs
