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Business Business Certificates of Deposit

Certificates of Deposit earn a higher rate of interest than a savings account, and are held in the account for the term you select, Our traditional terms are 91-days; 6, 18, or 30 months; or 1, 2, 3, 4, or 5 years. On occasion, we will offer a different term as a special. You may withdraw interest postings without a penalty, although doing that changes the Annual Percentage Yield of your CD. There is a penalty to withdraw any of the principal amount of the account; the penalty is determined by the length of the term. You may borrow against your CD by taking a collateral loan on the funds, and can use online banking and telephone banking to check your account balance. You can also receive an eStatement of your account. Certificates of Deposit are insured in full by the FDIC and the SIF.