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An investment opportunity with a fixed rate of interest for a specific period of time.
- $1,000.00 minimum deposit required to open account
- Online & Mobile Banking
- 24/7 Phone Banking
- Maturity terms from 6 months to 5 years
- Automatic renewal option available
Frequently Asked Questions
What is a Business Certificate of Deposit (CD)?
A Business CD is a time-based deposit account that earns a fixed interest rate for a specific period of time.
Who typically uses Business CDs?
Business CDs are often used by companies with excess funds that are not needed immediately and want predictable returns over a defined term.
What CD terms are available?
PrimeBank offers Business CD terms ranging from 6 months to 5 years.
What is the minimum deposit required to open a Business CD?
A minimum deposit is required to open a Business CD. Specific requirements are disclosed at account opening.
Do Business CDs renew automatically?
Yes. Automatic renewal options are available unless the customer provides other instructions at maturity.
Can funds be accessed before the CD matures?
Early withdrawals may be subject to penalties. Terms and conditions are provided before account opening.
Is online and phone access available for Business CDs?
Yes. Business CDs include access via Online & Mobile Banking, as well as 24/7 Phone Banking.
