Business Rates
Interest rates are subject to change without notice Fees may reduce earnings.
Business Checking Accounts
| Type of Account | Minimum Opening Deposit Required | Minimum Balance to Obtain Annual Percentage Yield | Annual Percentage Yield | Interest Rate |
|---|---|---|---|---|
| Easy Business Checking | $100.00 | N/A | N/A | N/A |
| Business Checking | $100.00 | N/A | N/A | N/A |
| Business NOW Checking | $100.00 | $1,500.00 | 0.05% | 0.04% |
| Premium NOW Tier 1 | $25,000.00 | $25,000.00 - $49,999.99 | 0.05% | 0.04% |
| Premium NOW Tier 2 | $25,000.00 | $50,000.00 - $149,999.99 | 0.10% | 0.09% |
| Premium NOW Tier 3 | $25,000.00 | $150,000.00 and over | 0.15% | 0.14% |
Business Money Market Account
| Type of Account | Minimum Opening Deposit Required | Minimum Balance to Obtain Annual Percentage Yield | Annual Percentage Yield | Interest Rate |
|---|---|---|---|---|
| Money Market Tier 1 | $2,500.00 | $2,500.00 - $24,999.99 | 0.05% | 0.04% |
| Money Market Tier 2 | $2,500.00 | $25,000.00 - $49,999.99 | 0.10% | 0.09% |
| Money Market Tier 3 | $2,500.00 | $50,000.00 - $249,999.99 | 0.15% | 0.14% |
| Money Market Tier 4 | $2,500.00 | $250,000.00 and over | 0.50% | 0.49% |
Direct Investment Money Market Account*
| Type of Account | Minimum Opening Deposit Required | Minimum Balance to Obtain Annual Percentage Yield | Annual Percentage Yield | Interest Rate |
|---|---|---|---|---|
| DIMMA Tier 1 | $50,000.00 | -$49,999.99 | 0.10% | 0.09% |
| DIMMA Tier 2 | $50,000.00 | $50,000.00 - $249,999.99 | 0.15% | 0.14% |
| DIMMA Tier 3 | $50,000.00 | $250,000.00 - $499,999.99 | 0.50% | 0.49% |
| DIMMA Tier 4 | $50,000.00 | $500,000.00 and over | 1.00% | 0.99% |
*Must be opened with Direct Investment Checking Account
Business Savings Accounts
| Type of Account | Minimum Opening Deposit Required | Minimum Balance to Obtain Annual Percentage Yield | Annual Percentage Yield | Interest Rate |
|---|---|---|---|---|
| Business Statement Savings | $100.00 | $200.00 | 0.05% | 0.04% |
| High Yield Savings Tier 1 | $1,000.00 | $1,000.00-$49,999.99 | 0.10% | 0.09% |
| High Yield Savings Tier 2 | $1,000.00 | $50,000.00 and over | 0.50% | 0.49% |
Certificate of Deposit Accounts for Businesses
Penalties will or may be imposed for early withdrawals
| Type of Account | Minimum Opening Deposit Required | Minimum Balance to Obtain Annual Percentage Yield | Annual Percentage Yield | Interest Rate |
|---|---|---|---|---|
| 12 Month | $500.00 | $500.00 | 3.75% | 3.68% |
| 15 Month* | $500.00 | $500.00 | 4.00% | 3.92% |
| 18 Month | $500.00 | $500.00 | 0.30% | 0.29% |
| 20 Month Bump Up CD** | $500.00 | $500.00 | 4.15% | 4.07% |
| 24 Month | $500.00 | $500.00 | 0.35% | 0.34% |
| 36 Month | $500.00 | $500.00 | 0.50% | 0.49% |
| 60 Month | $2500.00 | $2500.00 | 0.60% | 0.59% |
*This account will automatically renew at maturity into a fixed rate twelve (12) month certificate of deposit at the current interest rate in effect on the maturity date.
**Interest rate can be increased once during the initial term of the account to the interest rate then in effect on the Bump Up 20 Month CD. This account will automatically renew at maturity into a fixed rate twenty four (24) month certificate of deposit at the current interest rate in effect on the maturity date.
Interest rates subject to change without notice.
NOW Accounts, Money Market Accounts and Savings Accounts are “variable rate” accounts and the rate may change after account opening.
