Placing idle funds in a Business Certificate of Deposit is a smart and safe way to save with the security of FDIC insurance. Business CDs offer a fixed interest rate and predictability of income.
- Guaranteed interest rate
- 91-day to 60-month options
- $500 minimum deposit
The early withdrawal penalty is 90 days interest on certificates of 1 year or less and 180 days interest penalty on certificates with a maturity over 1 year.