Savings and Certificates of Deposit

When it comes to business savings, different businesses have different needs. That’s why we offer a variety of choices so you can choose the account that’s right for your business. We offer savings and CDs with great rates to help you meet your business goals.

Business Savings Account
A practical, no-nonsense account designed for companies that want to earn interest on their savings but still have convenient access to their funds. Our Business Savings Account has a low initial deposit requirement, so it’s perfect for even the smallest businesses. Interest is compounded daily and credited to the account monthly.

Money Market Savings Account
Our Business Investment Savings Account is a premium account with tiered interest rates that pay you more the more you save. These accounts allow unlimited transactions in person or at our ATM’s, which makes it a good way to invest without tying up your money¹. Interest is compounded daily and credited to the account monthly. You can also link together other CenterBank accounts to avoid monthly service charges.

Business Certificates of Deposit (CDs)
We offer a variety of terms at competitive interest rates to give you flexibility to meet your savings needs. Certificates of deposit are a great way to manage your money when you have funds to set aside for a period of time and want to maximize your rate of interest and still maintain the security of FDIC Insurance. CenterBank offers fixed rate CDs with terms of up to five years that can be opened with an initial deposit of only $500.

1 Depositors may make six “preauthorized” withdrawals per month. Preauthorized withdrawals include telephone or Internet transfers, automatic payments (ACH) and checks. Three of the six withdrawals may be by check. Unlimited transactions in person, by mail, night deposit or automatic teller machine (ATM).