- Competitive interest rates
- Wide range of terms available — 91 days to 12 months
- Interest compounded daily and paid according to the CD you choose
- Automatic CD renewal1
- Option to withdraw funds at maturity2
- FDIC Insurance up to $250,000
How Can a Commercial CD Help Your Business?
Solutions to Fit Your Needs
FAQs
If you make an early withdrawal, there is a penalty fee outlined in your agreement.
A commercial Certificate of Deposit (CD) is a time deposit account offered by banks to businesses. It differs from regular savings accounts in that it has a fixed term, typically ranging from a few months to several years, during which the deposited funds remain untouched. In return for locking in their funds, businesses receive a higher interest rate compared to standard savings accounts.
Businesses can enjoy several advantages by utilizing a commercial CD account. CD accounts generally offer higher returns than standard savings accounts while also ensuring predictable returns on the deposits.
A commercial CD account plays a strategic role in a business's financial planning and strategy by locking in a set interest rate for a deposit for a set period in time. This function allows for businesses to receive predictable returns on the deposit amount until the end of the CD term.
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1Deposit placement through an IntraFi service is subject to the terms, conditions, and disclosures in applicable agreements. Deposits that are placed through an IntraFi service at FDIC-insured banks in IntraFi’s network are eligible for FDIC deposit insurance coverage at the network banks. The depositor may exclude banks from eligibility to receive its funds. To meet conditions for pass-through FDIC deposit insurance, deposit accounts at FDIC-insured banks in IntraFi’s network that hold deposits placed using an IntraFi service are titled, and deposit account records are maintained, in accordance with FDIC regulations for pass-through coverage. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA before settlement for deposits or after settlement for withdrawals. The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through an IntraFi service satisfies any restrictions on its deposits. IntraFi, ICS, and CDARS are registered trademarks of IntraFi LLC.
2 You will be notified at maturity; a penalty may be assessed for early withdrawal.