business > Savings, Money Markets & CDs

Business Investment Options

On the fast track to financial success.

 

Accelerate your earnings potential and financial flexibility with one of our business investment account options.  Our savings, money markets, and certificates of deposits offer your business, or non-profit competitive rates of interest to drive your earnings potential forward.  Cruising full speed ahead.

Use the chart below to learn more about our investment options.

 

Please refer to Schedule of Service Charges & Fees
  Business Money Market
Business Advantage Money Market 1
Business Savings Business Term CD
Designed For
Businesses looking to maintain liquidity while earning a higher rate of interest
Businesses that have the Business Advantage Checking and desire an automatic sweep feature to a money market to earn interest
Any size business with extra funds to earn interest on Businesses looking for a low risk investment option
Opening Requirements $50 $50 $50 $1,000
Maintenance Fee $10/month N/A
$6/quarter N/A
How To Avoid or Reduce Maintenance Fee $1,000 daily minimum balance requirement per statement cycle
N/A
$100 daily minimum balance requirement per statement cycle N/A
Transaction Allowance Limit of six (6) preauthorized transfers from your account each month per Federal Regulation D 2
Limit of six (6) preauthorized transfers from your account each month per Federal Regulation D 2
Limit of six (6) preauthorized transfers from your account each month per Federal Regulation D 2 N/A
Earns Interest Yes Yes Yes Yes
Interest Tiers

$0 - $9,999

$10,000 - $49,999

$50,000 - $99,999

$100,000 - $249,999

$250,000 - $499,999

$500,000 +

$0 - $24,999

$25,000 - $49,999

$50,000 - $99,999

$100,000 - $249,999

$250,000+

$0 - $999

$1,000 +

N/A
Online Banking Yes
Yes
Yes Yes
Extras
  • Monthly Statement cycle
  • Free combined statements
  • eStatements available
  • Business Debit Card
  • Business Credit Card
  • Monthly Statement cycle
  • Free combined statements
  • eStatements
  • Business Debit Card
  • Business Credit Card
  • Quarterly statement cycle and interest compounding
  • Free combined statements
  • eStatements available
  • Fixed rate of return guaranteed for the term of the CD
  • Accrued daily and paid according to the terms of the CD
  • Jumbo option available
Additional Fee Information Please refer to Schedule of Service Charges & Fees Please refer to Schedule of Service Charges & Fees Please refer to Schedule of Service Charges & Fees A penalty may be imposed for early withdrawal.

1 The Business Advantage Money Market is available only with the Business Advantage Checking account.  Not available as a stand-alone product.  With the optional Business Advantage Money Market Sweep service, an automated sweep transfer is established between a noninterest-bearing Business Advantage Checking account ("Checking") and an interest-bearing non-transaction Business Advantage Money Market account ("Money Market") based upon a target minimum and maximum balance on the Checking account.  Transactions are allowed only on the Checking and direct access to the Money Market is not available.

2 Federal Regulation D limits certain types of withdrawal and transfer transactions you can make out of your savings or money market account to a maximum combined total of six (6) preauthorized transfers per month.  These transactions include automatic transfers for overdraft coverage to your checking account, checks, drafts or similar other withdrawals payable to third parties, point-of-sale (POS) purchase transactions with an ATM/debit card, or by preauthorized or automatic payment transfers (including ACH and wire transfers) via telephone or online (including Bill Pay). Excessive transactions may result in the Bank, at its discretion, either closing your account or changing your account to a noninterest-bearing account.