Business Deposit Rates
Business Savings
| Terms |
Interest Rate |
|---|---|
|
Interest Rate |
0.05% |
|
Annual Percentage Yield (APY)* |
0.05% |
|
Effective Date |
05/06/2020 |
*does not requires a daily balance (the amount of principal in the account each day) to obtain APY
Daily Money Markets
| Terms |
Interest Rate |
Annual Percentage Yield * |
Effective Date |
|---|---|---|---|
|
$5-$2,499 |
0.05% |
0.05% |
05/06/2020 |
|
$2,500-$9,999 |
0.05% |
0.05% |
06/03/2020 |
|
$10,000-$24,999 |
0.10% |
0.10% |
06/03/2020 |
|
$25,000-$49,999** |
0.10% |
0.10% |
07/08/2020 |
|
$50,000-$99,999** |
0.15% |
0.15% |
07/08/2020 |
|
$100,000-$249,999** |
0.20% |
0.20% |
07/08/2020 |
|
$250,000 and over** |
0.30% |
0.30% |
07/08/2020 |
*Requires daily balance (the amount of principal in the account each day) of $5.00 to obtain APY
**During that period of time when the balance of the account is $25,000 or more, the rate of earnings for the account will not be less than the weekly average yield of U.S. Treasury Securities adjusted to a constant maturity of 1 year, less 2.50%.
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.