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Business Certificates of Deposit (CDs)

A savings option for businesses able to commit funds for a specified time period to maximize interest.

Benefits

  • Competitive rates
  • No monthly service fees
  • No fee Online Banking
  • Receive a fixed rate of return
  • Choose from a range of terms to best fit your business needs
  • Choose from several options for distribution of your interest1
  • FDIC insured up to the maximum amount allowable by law

Earns Interest

  • Yes

Minimum Deposit to Open

  • $500.00

Monthly Service Fee

  • $0.00

Rates

For current CD rates and promotions, please contact your local branch.

Renewals

Certificate of Deposit accounts are set to automatically renew at maturity. You will have 10 calendar days after the maturity date to withdraw funds without a penalty. The account will not renew if funds are withdrawn on the maturity date or if we receive written notice on or before the maturity date of the intention not to renew. If we are notified of your intent to not automatically renew, interest will not be paid after the maturity date.

Withdrawal Penalties

A penalty for early withdrawal may be imposed depending on the term of the CD. An early withdrawal penalty may reduce principal. See the withdrawal penalties below for more details:

  • Up to 1 Month: All simple interest earned with a minimum penalty of 7 days simple interest2
  • 2-3 Months: 30 days simple interest
  • 4-9 Months: 90 days simple interest
  • 10-24 Months: 180 days simple interest
  • 25 Months and up: 365 days simple interest

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Level One Bank reserves the right to change this account at any time. 1Chosen method of interest distribution may reduce Annual Percentage Yield (APY). The posted APY assumes interest is credited to the account within the specified terms. 2Simple interest is the interest paid with respect to each period of time and does not compound. Fees may reduce earnings on the account.

Thank you for visiting https://www.levelonebank.com/Business/Savings-Accounts/Certificates-of-Deposit
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