Business Choice Certificate
Business CDs are a smart way to get earnings you can plan on with a rate that’s locked in.
Business CD rates are often higher than a traditional savings account, allowing you to get more from your return on funds you don’t need to access every day. A fixed rate and term give you dependable returns—and more clarity when planning for the future.
Up to
0.20
A great option if you want:
- To choose your own maturity date on certificate terms ranging from 6 to 18 months.
- $500 minimum opening deposit.
- No monthly service fee.
- To add up to three extra deposits throughout your term, with grand total not to exceed two times the initial deposit.
Available in these states.
Table Scrolls Right.
| ACCOUNT | MINIMUM DAILY BALANCE REQUIREMENT | INTEREST RATE | APY |
|---|---|---|---|
| BUSINESS CHOICE CD Terms from 6-18 months | $500.00 - $9,999.99 | 0.03% | 0.03% |
| $10,000.00 - $24,999.99 | 0.05% | 0.05% | |
| $25,000.00 - $49,999.99 | 0.07% | 0.07% | |
| $50,000.00 - $99,999.99 | 0.10% | 0.10% | |
| $100,000.00 - $249,999.99 | 0.13% | 0.13% | |
| $250,000.00 - $499,999.99 | 0.15% | 0.15% | |
| $500,000.00 - $999,999.99 | 0.17% | 0.17% | |
| $1,000,000.00 + | 0.20% | 0.20% |
APY = Annual Percentage Yield. $500.00 minimum opening balance. Fees could reduce earnings on the account. Up to three (3) additional deposits are allowed during the term with each not to exceed the initial deposit amount. Interest is calculated and compounded monthly.
At our discretion, we may allow you to withdraw all or part of your funds during the term; however, such withdrawals are subject to the following early withdrawal penalties: Less than 6 month term—an amount equal to 30 days interest; 6-12 month term the amount equal to 90 days interest; 12+ month term the amount equal to 180 days interest. If the CD has not yet earned enough interest or if the interest has already been paid, the penalty will be deducted from the principal.
Questions?
We’re here to help.
Let us know the best way to contact you and a Salal Business Banking Specialist will get back to you.
