Business Deposit Rates

Business Savings

TermsInterest Rate
Interest Rate 0.02%
Annual Percentage Yield (APY)* 0.02%
Effective Date 11/04/2020

*Does not requires a daily balance (the amount of principal in the account each day) to obtain APY

Daily Money Markets

TermsInterest RateAnnual Percentage Yield *Effective Date
$5-$2,499 0.10% 0.10% 10/26/2022
$5-$2,499 0.10% 0.10% 10/26/2022
$10,000-$24,999 0.10% 0.10% 10/26/2022
$25,000-$49,999 0.15% 0.15% 09/14/2022
$50,000-$99,999 0.15% 0.15% 09/14/2022
$100,000-$249,999 0.15% 0.15% 09/14/2022
$250,000 and over 0.15% 0.15% 09/14/2022

*Requires daily balance (the amount of principal in the account each day) of $5.00 to obtain APY.

Certificates of Deposit

Short Term Plus
TermInterest RateAnnul Percentage Yield (APY)*Effective Date
32 Days - 89 Days 1.00% 1.02% 07/06/2023
90 Days - 179 Days 4.11% 4.25% 11/21/2024
180 Days - 364 Days 4.00% 4.14% 11/21/2024

*Minimum balance to maintain annual percentage yield (APY) is $500.

Long Term Certificates
TermInterest RateAnnul Percentage Yield (APY)*Effective Date
 1 Year 3.96% 4.10% 10/11/2024
 1 1/2 Years 3.40% 3.51% 10/11/2024
 2 Years 3.15% 3.25% 10/11/2024
2 1/2 Years 3.15% 3.25% 06/26/2024
3 Years 2.92% 3.00% 06/26/2024
4 Years 2.68% 2.75% 06/26/2024
5 Years 2.44% 2.50% 06/26/2024

*Minimum balance to maintain annual percentage yield (APY) is $100.

SEP IRAs
TermInterest RateAnnual Percentage Yield (APY)*Effective Date
18 Month IRA 3.63% 3.75% 10/11/2024
2 1/2 Year IRA 3.15% 3.25% 06/26/2024
5 Year IRA 2.44% 2.50% 06/26/2024

*There is no minimum balance required to earn the annual percentage yield (APY).

Deposits are insured by the Federal Deposit Insurance Corporation (FDIC) to at least $250,000 for each depositor. IRAs are separately insured up to $250,000 by the FDIC.

Rate quotations are subject to change without prior notice.