Business Rates

Effective as of Tuesday, January 3, 2023

Business Checking

Type

APY

Rate

Minimum to Open

Free Business Checking N/A N/A $100.00
Checking with Interest 0.250% 0.250% $100.00
Earning Credit Checking N/A 0.400% $100.00

Business Savings

Type

APY

Rate

Minimum to Earn

Business Savings 0.100% 0.100% $60.23

Business Money Market

Balance

APY

Rate

Minimum to Earn

Up to $24,999 0.750% 0.750% $2,500.00
$25,000 to $49,999 1.000% 1.000% $25,000.00
$50,000 to $99,999 1.250% 1.250% $50,000.00
$100,000 to $249,999 2.000% 1.982% $100,000.00
$250,000 to $999,999 2.100% 2.081% $250,000.00
$1,000,000 to $4,999,999 2.250% 2.228% $1,000,000.00
Over $5,000,000 2.500% 2.472% $5,000,000.00

Business Certificates

Term

APY

Rate

Minimum to Open

3-Month 2.000% 1.954% $100.00
6-Month 3.500% 3.394% $100.00
8-Month 4.250% 4.106% $100.00
1-Year 4.000% 3.869% $100.00
15-Month Bump ¥ 4.350% 4.200% $100.00
18-Month 4.400% 4.248% $100.00
22-Month 4.500% 4.342% $100.00
2-Year 3.500% 3.394% $100.00
3-Year† 3.750% 3.632% $100.00
4-Year 3.750% 3.632% $100.00
5-Year 2.750% 2.676% $100.00

Disclosures:

APY = Annual Percentage Yield. Assumes funds remain on deposit for a full year. Dividend rates on savings and checking accounts may change after the account is opened. Rates and terms are subject to change without notice.

Penalty may apply for early withdrawals from Term Certificates. Fees could reduce earnings on the account. If the certificate rate increases within (5) five calendar days of the account opening, your certificate will earn the higher rate from the date the higher rate went into effect until the certificate’s maturity date. Only once may your rate increase. The dividend rate and annual percentage yield may increase. At renewal, your certificate will earn the rate on the day of maturity regardless of any future rate change.

At maturity, this certificate will renew automatically as a 3-Year Term Certificate at the APY then in effect. Penalty may apply for early withdrawals; the rate is subject to change without notice.

¥ You can bump-up your initial Term Certificate rate once during the initial term of the account to either the then-corresponding 1-year certificate rate or the 15-month certificate rate. Should you elect to bump-up your rate, you will receive that higher rate for the remainder of your 15-month term. Your original maturity date will remain the same.