Business Banking - Certificate of Deposit
| Certificate of Deposit Interest Rates |
| Promotional Term | Rate | APY* |
| 5 - month | 2.72% | 2.75% |
| 11 - month | 3.44% | 3.50% |
| 15 - month | 3.69% | 3.75% |
| Term | Rate | APY* |
| 3 - month | 1.64% | 1.65% |
| 6 - month | 1.74% | 1.75% |
| 9 - month | 1.74% | 1.75% |
| 12 - month | 1.98% | 2.00% |
| 18 - month | 2.47% | 2.50% |
| 24 - month | 3.92% | 4.00% |
| 36 - month | 4.16% | 4.25% |
| 48 - month | 4.40% | 4.50% |
| 60 - month | 4.64% | 4.75% |
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*Annual Percentage Yield Minimum balance to open regular certificates of deposit is $1000. Minimum balance to open jumbo certificates of deposit is $100,000. Minimum balance to open a promotional certificate of deposit is $5000. |
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CDs - Regular and Jumbo*
- $1,000 opening deposit ($100,000 for Jumbo CDs)
- Terms of 3 to 60 months
- Fixed interest rate and term
Promotional
- $5,000 opening deposit ($100,000 for Jumbo CDs)
- Fixed interest rate and term
- Interest paid at maturity
CDARS
Enjoy up $50 million in FDIC Insured deposits with just one Bank…Independence Bank. No need to maintain accounts with multiple Banks to maximize your insurance coverage.
* There is a penalty for early withdrawal from Certificate of Deposit Account.
