Business Rates
Effective as of Monday, July 6, 2020
Business Checking
| Name | Deposit to Open | Minimum Balance to earn APY | Rate | APY* | Earning Credit |
|---|---|---|---|---|---|
Free Business Checking |
$100.00 | N/A | N/A | N/A | N/A |
Business Checking with Interest |
$100.00 | N/A | 0.250% | 0.250% | N/A |
Business Earning Credit Checking |
$100.00 | N/A | 0.400% | N/A | 0.400% |
Free Business Checking |
|
|---|---|
| Deposit to Open | $100.00 |
| Minimum Balance to earn APY | N/A |
| Rate | N/A |
| APY* | N/A |
| Earning Credit | N/A |
Business Checking with Interest |
|
|---|---|
| Deposit to Open | $100.00 |
| Minimum Balance to earn APY | N/A |
| Rate | 0.250% |
| APY* | 0.250% |
| Earning Credit | N/A |
Business Earning Credit Checking |
|
|---|---|
| Deposit to Open | $100.00 |
| Minimum Balance to earn APY | N/A |
| Rate | 0.400% |
| APY* | N/A |
| Earning Credit | 0.400% |
Business Savings
| Name | APY* | Minimum to Earn | Rate |
|---|---|---|---|
Business Savings |
0.150% | $39.25 | 0.150% |
Business Savings |
|
|---|---|
| APY* | 0.150% |
| Minimum to Earn | $39.25 |
| Rate | 0.150% |
Business Money Market
| Title | APY* | Minimum to Earn | Rate |
|---|---|---|---|
Balances up to $24,999 |
0.200% | $2,500 | 0.200% |
Balances $25,000-$49,999 |
0.300% | $25,000 | 0.300% |
Balances $50,000-$99,999 |
0.400% | $50,000 | 0.399% |
Balances $100,000-$249,999 |
0.500% | $100,000 | 0.499% |
Balances over $250,000 |
0.600% | $250,000 | 0.598% |
Balances up to $24,999 |
|
|---|---|
| APY* | 0.200% |
| Minimum to Earn | $2,500 |
| Rate | 0.200% |
Balances $25,000-$49,999 |
|
|---|---|
| APY* | 0.300% |
| Minimum to Earn | $25,000 |
| Rate | 0.300% |
Balances $50,000-$99,999 |
|
|---|---|
| APY* | 0.400% |
| Minimum to Earn | $50,000 |
| Rate | 0.399% |
Balances $100,000-$249,999 |
|
|---|---|
| APY* | 0.500% |
| Minimum to Earn | $100,000 |
| Rate | 0.499% |
Balances over $250,000 |
|
|---|---|
| APY* | 0.600% |
| Minimum to Earn | $250,000 |
| Rate | 0.598% |
Business Certificates
| Rate Title | APY* | Term | Minimum to Open | Rate |
|---|---|---|---|---|
| 3-Month | 0.300% | 3 Months | $1,000 | 0.296% |
| 6-Month | 0.400% | 6 Months | $1,000 | 0394% |
| 1-Year | 0.700% | 12 Months | $1,000 | 0.689% |
| 18-Month | 0.800% | 12 Months | $1,000 | 0.786% |
| 2-Year | 0.90% | 24 Months | $1,000 | 0.884% |
| 3-Year† | 1.000% | 36 Months | $1,000 | 0.982% |
| 4-Year | 1.100% | 48 Months | $1,000 | 1.080% |
| 5-Year | 1.250% | 60 Months | $1,000 | 1.226% |
| 3-Month | |
|---|---|
| APY* | 0.300% |
| Term | 3 Months |
| Minimum to Open | $1,000 |
| Rate | 0.296% |
| 6-Month | |
|---|---|
| APY* | 0.400% |
| Term | 6 Months |
| Minimum to Open | $1,000 |
| Rate | 0394% |
| 1-Year | |
|---|---|
| APY* | 0.700% |
| Term | 12 Months |
| Minimum to Open | $1,000 |
| Rate | 0.689% |
| 18-Month | |
|---|---|
| APY* | 0.800% |
| Term | 12 Months |
| Minimum to Open | $1,000 |
| Rate | 0.786% |
| 2-Year | |
|---|---|
| APY* | 0.90% |
| Term | 24 Months |
| Minimum to Open | $1,000 |
| Rate | 0.884% |
| 3-Year† | |
|---|---|
| APY* | 1.000% |
| Term | 36 Months |
| Minimum to Open | $1,000 |
| Rate | 0.982% |
| 4-Year | |
|---|---|
| APY* | 1.100% |
| Term | 48 Months |
| Minimum to Open | $1,000 |
| Rate | 1.080% |
| 5-Year | |
|---|---|
| APY* | 1.250% |
| Term | 60 Months |
| Minimum to Open | $1,000 |
| Rate | 1.226% |
Disclosures:
* APY = Annual Percentage Yield. Assumes funds remain on deposit for a full year. Dividend rates on savings and checking accounts may change after the account is opened. Penalty may apply for early withdrawals from Term Certificates. Fees could reduce earnings on the account.
‡ APY = Annual Percentage Yield. Assumes funds remain on deposit until maturity. At maturity, the 18-month certificate will renew automatically to our basic 1-Year Term Certificate account and the 30-Month will renew to our basic 2-Year Term Certificate at the APY then in effect. Subject to change without notice. Penalties and fees may reduce earnings on accounts. Ask for details.
† APY = Annual Percentage Yield. Assumes funds remain on deposit for a full year. At maturity, this certificate will renew automatically as a 3-Year Term Certificate at the APY then in effect. Penalty may apply for early withdrawals; rate is subject to change without notice.
Rates and terms are subject to change without notice.