Business Certificates of Deposit (CDs)

There aren’t a lot of guarantees in business — but this is one of them. Invest your savings in a CD with fixed-rate returns you can rely on.

Key Features

  • Fixed Rates
  • Competitive Interest
  • No Setup or Maintenance Fees
  • Wide Range of Terms
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Account Type

Minimum to Open

Rate

Annual Percentage Yield

6 Month Certificate2

$10,000

4.25%

4.30%

9 Month Certificate2

$10,000

4.23%

4.30%

15 Month Special- Compounded Quarterly2

$5,000

4.18%

4.25%

2 Year - Compounded Quarterly

$1,000

3.50%

3.55%

 

  • Meet business savings goals with guaranteed, fixed-rate earnings
  • Higher interest rates than other savings products1
  • More safe than other, riskier investments
  • Variable terms (from 91 days to 5 years)
  • Flexible payout options
    • Add to the balance of your current certificate, transfer to another CIB account, or mailed to you via check
  • No setup or maintenance fees
  • Early withdrawals subject to penalty1
  • Funds are FDIC insured
  • Minimum deposit as low as $500
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Interest rates on all interest-bearing accounts are determined by the bank and may be adjusted at the bank's discretion. Annual percentage yield (APY) assumes principal and interest remain on deposit for the term of the certificate.  A penalty may be assessed for early withdrawal.  Fees could reduce the earnings on the account.  Minimum deposit and method of compounding may vary on the certificates. Maximum deposit of $250,000.  Certificates automatically renew upon maturity. Some CD’s may not be eligible for brokerage deposits, institutional investors or public funds. Rates effective May 16, 2023.

1Not available online, contact branch to open.

2Excludes individual Retirement Account (IRA) Funds.

Please Note:

  • Some CD's may not be eligible for brokerage deposits, institutional investors or public funds.
  • A penalty may be assessed for early withdrawal.
  • The interest rate and annual percentage yield may change after the account is opened, but not until the CD renews upon maturity.
  • Minimum deposit and method of compounding may vary on the certificates.
  • Fees could reduce the earnings on the account.
  • Certificates automatically renew upon maturity.