Business Deposit Rates

Rates are effective as of September 10, 2020

Certificate of Deposit Special

Term Interest Rate APY*
  7 Months   0.50% 0.50%

Bump Up Certificate of Deposit†^

Term Interest Rate APY*
  3 Years   0.40% 0.40%

Certificate of Deposit

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Term Interest Rate APY*
3 Months 0.25% 0.25%
6 Months 0.35% 0.35%
1 Year 0.40% 0.40%
2 Years 0.45% 0.45%
3 Years 0.50% 0.50%
4 Years 0.55% 0.55%
5 Years 0.65% 0.65%
High Yield Index Savings†<
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Minimum Balance to Obtain APY Interest Rate APY*
$0.01 to $24,999.99 0.05% 0.05%
$25,000.00 to $99,999.99 0.20% 0.20%
$100,000.00 to $499,999.99 0.50% 0.50%
$500,000.00 to $999,999.99 0.65% 0.65%
$1,000,000.00 and over 0.75% 0.75%

Savings

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Minimum Balance to Obtain APY Interest Rate APY*
Platinum Money Market

$0.01 to $9,999.99 0.05% 0.05%
$10,000.00 to $24,999.99 0.05% 0.05%
$25,000.00 to $99,999.99 0.05% 0.05%
$100,000.00 to $499,999.99 0.10% 0.10%
$500,000.00 to $999,999.99 0.10% 0.10%
$1,000,000.00 and over 0.15% 0.15%
Business Savings

$0.01 to $1,999.99 0.01% 0.01%
$2,000.00 to $4,999.99 0.02% 0.02%
$5,000.00 to $9,999.99 0.02% 0.02%
$10,000.00 to $24,999.99 0.05% 0.05%
$25,000.00 and over 0.05% 0.05%

†The interest rate and Annual Percentage Yield (APY) listed in this deposit rate sheet are effective as of the date shown above. We may at our discretion change each interest rate and APY at any time without notice. Interest for all Checking, Savings and Money Market accounts will be compounded and credited monthly. Certificate of Deposit interest is compounded annually. Interest is paid annually and when the CD matures. Fees could reduce earnings on any account. A penalty is also imposed for early withdrawal from a CD. Minimum deposit to open accounts: $5,000 Certificate of Deposit, $50 High Yield Index Savings, $2,000 Platinum Business Money Market, and $50 Business Savings. Account balances are insured up to applicable FDIC limits.
^ Option to trade up one time only during the initial term. Rate change option is based on the published rate for the current standard term of the original CD. Not valid for brokerage deposits, institutional investors, or in conjunction with other promotional offers. 
< The $0.01 - $24,999.99 tier is not indexed. All tiers $25,000 and over are indexed to Federal Funds Target Rate – Upper Bound published by Bloomberg. The rate is updated on the first business day of each month using the Federal Funds Target Rate – Upper Bound as of the last business day of the preceding month. The tiers indexed are based on the Federal Funds Rate minus the Rate Adjuster. The Rate Adjuster for $25,000 - $99,999.99 tier is the index -.65%; $100,000 - $499,999.99 tier is the index -.45%; $500,000 - $999,999.99 tier is the index -.25%; and $1,000,000 and over tier is the index -.10%. Interest Rate Floor is the minimum interest rate which could be credited to your account: 0.20% floor rate on $25,000 - $99,999.99 balances, 0.50% floor rate on $100,000 - $499,999.99 balances, 0.65% floor rate on $500,000 - $999,999.99 balances, 0.75% floor rate on $1,000,000 and over balances. Valid on Personal, Business, and Municipal Accounts only. No debit card with High Yield Index Savings Accounts.