Business Deposit Rates

Effective Date: April 15, 2024
For more information regarding our bank rates, call 800.461.0672.  Annual Percentage Rates (APYs) subject to change.





























Checking

Product Interest Rate Annual Percentage Yield
Business NOW Checking
 0.25%
 0.25%

Money Market

Product Interest Rate Annual Percentage Yield
Basic Money Market Account
 0.50%
 0.50%
Tiered MMA - Based on Daily Balance

$0 - $4,999.99
$5,000 - $24,999.99
$25,000 - $49,999.99
$50,000 - $149,999.99
$150,000 - $999,999.99
$1,000,000+
0.00%
0.75%
1.00%
1.24%
1.49%
1.98%
0.00%
0.75%
1.00%
1.25%
1.50%
2.00%

CDs & IRAs

Product
Interest
Rate
 Annual Percentage Yield Early Withdrawal Penalty
3 Month CD & IRA
 0.20%
 0.20%
 30 Days Interest
6 Month CD & IRA
 4.40%
 4.50% 90 Days Interest
1 Year CD & IRA
 0.25%
 0.25% 180 Days Interest
15 Month CD & IRA
 0.30%
 0.30%
 180 Days Interest
18 Month CD & IRA
 0.35%
 0.35%
 180 Days Interest
2 Year CD & IRA
 3.92%
 4.00%
 365 Days Interest
3 Year CD & IRA
 4.64% 4.75% 365 Days Interest
4 Year CD & IRA
 0.60%
 0.60% 365 Days Interest
5 Year CD & IRA
 0.70% 0.70% 365 Days Interest



Important Information About Our Rates

Minimum to Open
  • Checking accounts have a minimum deposit of $25 to open.
  • Money Market Accounts opened in a branch office do not have a minimum deposit to open.
Minimum to Earn Annual Percentage & Yield
  • Basic Money Market Accounts have a $20 minimum daily balance to earn Annual Percentage Yield.
  • Tiered Money Market Accounts have a $5,000 minimum daily balance to earn APY.
  • There is no minimum balance to earn APY on Business NOW Checking.
  • All types of CDs require a minimum deposit of $500 to be opened and to earn the advertised APY.
  • Interest credited may be withdrawn prior to maturity without penalty. The Annual Percentage Yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
  • All Certificates of Deposits will automatically reinvest at maturity for the same or similar term at the rate in effect on that date. The grace period for CDs is ten (10) calendar days.
  • After the account is opened, you may not make deposits into nor withdrawals of principal from this account until the maturity date without substantial penalty. To obtain the Annual Percentage Yield disclosed, principal and interest must remain on deposit for 365 days at the nominal rate of interest.
  • "Annual Percentage Yield" is the percentage rate reflecting the total amount of interest paid on an account, based on the interest rate and the frequency of compounding for a 365-day period.
  • "Principal" is the amount of funds assumed to have been deposited at the beginning of the account.
  • "Interest" is the total dollar amount of interest earned on the principal for the term of the account.