Business Savings Rates
Interest Rates & Annual Percentage Yields (APYs) are effective as of: 5/1/2024
Business Savings & Public Funds Savings
Minimum balance to open: $500
| Balance1 | Interest Rate1 | APY1 |
|---|---|---|
| All balances | 0.10% | 0.10% |
Business Money Market & Public Funds Money Market
Minimum balance to open: $1,000
| Balance1 | Interest Rate1 | APY1 |
|---|---|---|
| $9,999 or less | 0.20% | 0.20% |
| $10,000 - $49,999 | 0.30% | 0.30% |
| $50,000 - $99,999 | 0.35% | 0.35% |
| $100,000 - $249,999 | 0.70% | 0.70% |
| $250,000 - $499,999 | 0.70% | 0.70% |
| $500,000 - $999,999 | 0.75% | 0.75% |
| $1,000,000 or more | 0.75% | 0.75% |
1 We may change the balance tiers of the account at any time without notice. Interest Rates and Annual Percentage Yields (APYs) shown are offered on accounts accepted by the Bank and effective as of the date shown above. Your balance earns the interest rate in effect each day for the balance tier associated with your account balance. We may change the interest rate and annual percentage yield of each balance tier at our discretion. CDs earn interest at the rate established at the time of account opening, and the interest rate will not change for the term of the account. New CDs with a balance of $5,000,000 or more require approval to open.
Certificates of Deposit (CDs)
Business CD - Promotional Offer3
Minimum balance to open: $1,000
| Term | Balance1 | Interest Rate1 | APY1 |
|---|---|---|---|
| 24 months | $99,999 or less | 3.92% | 4.00% |
| $100,000 or more | 3.92% | 4.00% | |
| 36 months | $99,999 or less | 2.96% | 3.00% |
| $100,000 or more | 2.96% | 3.00% |
3 Offer good for the initial term only. CD is automatically renewed for the same term. The rate is determined based on the published rate for Business CD, excluding Business CD promotional offers. Advertised rate and APY are offered at the bank's discretion and may change daily.
Business CD & Specialized Business CD2
Minimum balance to open: $1,000
| Term | Balance1 | Interest Rate1 | APY1 |
|---|---|---|---|
| 3 – 5 months | $99,999 or less | 3.00% | 3.05% |
| $100,000 or more | 3.01% | 3.06% | |
| 6 – 11 months | $99,999 or less | 3.00% | 3.05% |
| $100,000 or more | 3.01% | 3.06% | |
| 12 – 17 months | $99,999 or less | 3.00% | 3.05% |
| $100,000 or more | 3.01% | 3.06% | |
| 18 – 23 months | $99,999 or less | 3.00% | 3.05% |
| $100,000 or more | 3.01% | 3.06% | |
| 24 – 35 months | $99,999 or less | 0.40% | 0.40% |
| $100,000 or more | 0.41% | 0.41% | |
| 36 – 47 months | $99,999 or less | 0.40% | 0.40% |
| $100,000 or more | 0.41% | 0.41% | |
| 48 – 59 months | $99,999 or less | 0.40% | 0.40% |
| $100,000 or more | 0.41% | 0.41% | |
| 60 months | $99,999 or less | 0.45% | 0.45% |
| $100,000 or more | 0.46% | 0.46% |
Flex Business CD
Minimum balance to open: $100,000
| Term | Balance1 | Interest Rate1 | APY1 |
|---|---|---|---|
| 15 months *Renewals only | $99,999 or less* | 2.49% | 2.52% |
| $100,000 or more | 2.50% | 2.53% |
Public Funds CD
Minimum balance to open: $1,000
| Term | Balance1 | Interest Rate1 | APY1 |
|---|---|---|---|
| 3 – 5 months | $99,999 or less | 2.70% | 2.74% |
| $100,000 or more | 2.71% | 2.75% | |
| 6 – 11 months | $99,999 or less | 2.70% | 2.74% |
| $100,000 or more | 2.71% | 2.75% | |
| 12 – 23 months | $99,999 or less | 2.70% | 2.74% |
| $100,000 or more | 2.71% | 2.75% |
1 We may change the balance tiers of the account at any time without notice. Interest Rates and Annual Percentage Yields (APYs) shown are offered on accounts accepted by the Bank and effective as of the date shown above. Your balance earns the interest rate in effect each day for the balance tier associated with your account balance. We may change the interest rate and annual percentage yield of each balance tier at our discretion. CDs earn interest at the rate established at the time of account opening, and the interest rate will not change for the term of the account. New CDs with a balance of $5,000,000 or more require approval to open.
2 Specialized Business CDs are limited to use for required holds for bonds or secured deposits payable to a public agency. The minimum deposit required to open is $0.01. For bond or court ordered purposes the account balance may not exceed $1,000.
Fees could reduce earnings. Rates and terms are subject to change. For more information call us at 707.524.3000 or 800.995.4066 or visit one of our branches.