Business Deposit Rates
Business Savings
| Terms |
Interest Rate |
|---|---|
|
Interest Rate |
0.02% |
|
Annual Percentage Yield (APY)* |
0.02% |
|
Effective Date |
11/04/2020 |
*Does not require a daily balance (the amount of principal in the account each day) to obtain annual percentage yield (APY).
Daily Money Markets
| Terms |
Interest Rate |
Annual Percentage Yield * |
Effective Date |
|---|---|---|---|
|
$5-$2,499 |
0.10% |
0.10% |
10/26/2022 |
|
$2,500-$9,999 |
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 |
*No minimum daily balance to obtain annual percentage yield (APY).
Deposits are insured by the Federal Deposit Insurance Corporation (FDIC) to at least $250,000 for each depositor.
Rate quotations are subject to change without prior notice.
Certificates of Deposit
Short Term Plus
| Term | 32 Days - 89 Days | 90 Days - 179 Days | 180 Days - 364 Days | 11-Month CD Special |
|---|---|---|---|---|
| Interest Rate | 0.20% | 0.25% | 0.50% | 3.05% |
| Annul Percentage Yield (APY)* | 0.20% | 0.25% | 0.51% | 3.14% |
| Effective Date | 10/13/2022 | 10/13/2022 | 11/09/2022 | 12/02/2022 |
*Minimum balance to maintain annual percentage yield (APY) is $500.
Long Term Certificates
| Term | 1 Year | 1 1/2 Years | 2 Years | 2 1/2 Years | 3 Years | 4 Years | 5 Years | 23-Month CD Special |
|---|---|---|---|---|---|---|---|---|
| Interest Rate | 0.90% | 0.90% | 1.00% | 1.00% | 1.20% | 1.20% | 1.35% | 3.25% |
| Annual Percentage Yield (APY)* | 0.92% | 0.92% | 1.02% | 1.02% | 1.22% | 1.22% | 1.38% | 3.35% |
| Effective Date | 11/09/2022 | 11/09/2022 | 11/09/2022 | 11/09/2022 | 11/09/2022 | 11/09/2022 | 12/03/2022 | 12/02/2022 |
