Business Time Deposits
Certificates of Deposit (CDs) help your business maximize returns on cash reserves with competitive fixed interest rates over defined terms.
Questions about terms or yields? We're happy to help you find the right fit.
At a glance
- $1,000 minimum opening deposit
- Fixed interest rate for the agreed term
- Automatically renewable at maturity with a ten-day grace period
- Interest can be paid monthly, quarterly, semi-annually, or at maturity
How businesses often use this account
Many business owners pair this account with a business checking account to separate operating funds from reserves. That structure makes cash flow clearer and simplifies financial planning.
Not sure what combination makes sense for you? Compare business checking options →
Terms
- Interest rate varies based on the term selected
- Early withdrawal penalties may apply
- Interest may be compounded into principal or paid according to your preference
- Automatically renewable with a ten-day grace period at maturity
- Documentation: business license and IRS tax ID letter required
Comparing liquidity options
Need access to funds while still earning? Consider Business Money Market .
For short-term reserves with flexible access, see Business Savings .
Ready to explore term options and yields for your reserves?
Start the conversation →
