Business Savings, Checking and CD Rates

Updated March 2016

Business Savings Accounts

Account Type Dividend Rate APY Minimum to Open
Business Share Savings 0.15% 0.15% $5

APY = Annual Percentage Yield

Dividends are declared at the end of each quarter. For the previous quarter, the above APYs were earned. All accrued earnings are forfeited if a dividend earning account is closed before the end of the quarter. Rates are subject to change without notice.

Business Certificates of Deposit

Account Type

Interest Rate APY Minimum to Open
6 month 0.30%
0.30% $1,000
12 month 0.60%
0.60% $1,000
24 month 0.70%
0.70% $1,000
36 month 0.90%
0.90% $1,000
48 month 1.05%
1.05% $1,000
60 month 1.15%
1.15% $1,000

Account Type: Smart CD  Interest Rate APY Minimum to Open
12 month 0.70%
0.70% $10,000
24 month 0.80%
0.80% $10,000
36 month 1.00%
1.00% $10,000
48 month 1.15%
1.15%  $10,000
60 month 1.25%
1.26% $10,000

6 month CD not available for IRA. A penalty may be imposed for early withdrawal.

Business Checking Accounts

Account Type Interest Rate APY Minimum to Open
Business iSelect Checking N/A N/A $100
Business Advantage Checking 0.13%
0.13% $2,500
Business AdvantagePlus Checking 0.25% 0.25% $10,000

Business Advantage interest rate earned only if interest option is selected upon opening account. Other than sole proprietorships, for-profit organizations are prohibited from holding interest-bearing checking accounts.

Account Type

Interest Rate APY Minimum to Open
Business Dividend Checking* 0.05%
0.05% $2,000

*These accounts no longer offered.

Tools & Resources

  • Calculators

  • Deposit Rates

  • Loan Rates

  • Forms

Save