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Business Rates

Rates Effective July 17, 2024

Interest rates are subject to change without notice Fees may reduce earnings.

Business Checking Accounts

Type of AccountMinimum Opening Deposit RequiredMinimum Balance to Obtain Annual Percentage YieldAnnual Percentage YieldInterest Rate
Easy Business Checking$100.00N/AN/AN/A
Business Checking$100.00N/AN/AN/A
Business NOW Checking$100.00$1,500.000.05%0.04%
Premium NOW Tier 1$25,000.00$25,000.00 - $49,999.990.05%0.04%
Premium NOW Tier 2$25,000.00$50,000.00 - $149,999.990.10%0.09%
Premium NOW Tier 3$25,000.00$150,000.00 and over0.15%0.14%

Business Money Market Account

Type of AccountMinimum Opening Deposit RequiredMinimum Balance to Obtain Annual Percentage YieldAnnual Percentage YieldInterest Rate
Money Market Tier 1$2,500.00$2,500.00 - $24,999.990.05%0.04%
Money Market Tier 2$2,500.00$25,000.00 - $49,999.990.10%0.09%
Money Market Tier 3$2,500.00$50,000.00 - $249,999.990.15%0.14%
Money Market Tier 4$2,500.00$250,000.00 and over0.50%0.49%

Direct Investment Money Market Account*

Type of AccountMinimum Opening Deposit RequiredMinimum Balance to Obtain Annual Percentage YieldAnnual Percentage YieldInterest Rate
DIMMA Tier 1$50,000.00-$49,999.990.10%0.09%
DIMMA Tier 2$50,000.00$50,000.00 - $249,999.990.15%0.14%
DIMMA Tier 3$50,000.00$250,000.00 - $499,999.990.50%0.49%
DIMMA Tier 4$50,000.00$500,000.00 and over1.00%0.99%

*Must be opened with Direct Investment Checking Account

Business Savings Accounts

Type of AccountMinimum Opening Deposit RequiredMinimum Balance to Obtain Annual Percentage YieldAnnual Percentage YieldInterest Rate
Business Statement Savings$100.00$200.000.05%0.04%
High Yield Savings Tier 1$1,000.00$1,000.00-$49,999.990.10%0.09%
High Yield Savings Tier 2$1,000.00$50,000.00 and over0.50%0.49%

Certificate of Deposit Accounts for Businesses

Penalties will or may be imposed for early withdrawals

Type of AccountMinimum Opening Deposit RequiredMinimum Balance to Obtain Annual Percentage YieldAnnual Percentage YieldInterest Rate
12 Month$500.00$500.003.75%3.68%
15 Month*$500.00$500.004.00%3.92%
18 Month$500.00$500.000.30%0.29%
20 Month Bump Up CD**$500.00$500.004.15%4.07%
24 Month$500.00$500.000.35%0.34%
36 Month$500.00$500.000.50%0.49%
60 Month$2500.00$2500.000.60%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.

Important Notice

InsurBanc will be closed on Monday, October 9th in observance of Columbus Day.

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