Business Certificates of Deposit
Our Business Certificates of Deposit (CDs) generally earn a higher annual percentage yield than regular savings accounts. This makes CDs a great savings vehicle for funds you don’t need immediate access to. Offering compounded interest that is credited monthly, a CD is a great way to start your business investment portfolio. CDs also allow you to reinvest or withdraw (in the form of check) the interest you are earning each month.
Increase your businesses’ savings potential: certificates are a secure, safe, and federally insured investment choice to increase your savings potential beyond your savings account. Our low minimum balance and flexible terms make it easy for you to add a certificate to your business’s investment portfolio.
FEATURES
LOW MINIMUM DEPOSIT
HIGHER APY vs. SAVINGS
FIXED RATES FOR TERM
CERTIFICATE OF DEPOSIT RATES
| Type | APY | Minimum Daily Balance to Open Account and Earn APY |
|---|---|---|
| Three-Month | 0.40% | $1,000 |
| Six-Month | 0.70% | $1,000 |
| One-Year | 0.65% | $1,000 |
| Two-Year | 0.60% | $1,000 |
| Three-Year | 0.60% | $1,000 |
| Four-Year | 0.60% | $1,000 |
| Five-Year | 0.60% | $1,000 |
Annual Percentage Yields effective as of 7/1/2020 and may change at maturity. Fees could reduce earnings. Early withdrawal penalties may apply.
You can apply for all of our business deposit products by completing and mailing in the forms below or in person at any branch location.
Business Member Service Agreement Part 1Business Member Service Agreement Part 1 – Page 2
If you would like to learn more about our VBiz team and our business products/services, or would like assistance beginning the application process, please visit the About VBiz page for more information.
See how simple your business’s finances can be. Contact us today about opening a VBiz business savings account. If you would like to know more about VBiz products and services or would like to begin the application process please contact the VBiz team by clicking here.
