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Institutional Deposit Group

Our Institutional Deposit Group is dedicated to our customers. By committing to excellence in service, pricing, quality, and execution, we create an important impact on the institutions we serve. All commercial deposits are safe and secure, and we are a well-capitalized financial institution with an IDC rating of 247. 

Rates below are for commercial and institutional customers only. CDs require a minimum opening deposit of $50,000. Current interest rates and Annual Percentage Yield (APY) are effective as of 2/8/2016. Rates subject to change.

Custom Term Certificate of Deposit


 Custom Term Certificate of Deposit  Interest Rates  APY
 31 Days  0.10 %  0.10%
 3-5 Months  0.25 %  0.25 %
 6-8 Months  0.70 %  0.70 %
 9-11 Months  0.61%  0.61 %
 12 Months  1.00 %  1.00 %
 14 Months  0.56 %  0.56 %
 18 Months  0.80 %  0.80 %
 24 Months  1.15 %  1.15 %
 36 Months  1.25 %  1.25 %
 48 Months  1.50 %  1.51 %
 60 Months  1.70 %  1.71 %

Product Features and Requirements


Minimum opening commercial deposit is $50,000.00. 

The CD is NOT callable. Once an account is opened and funded, the rate is guaranteed for the term of the account. Withdrawals may reduce earnings. 

The CD can be used for DTC Master Certificates. 

Early withdrawal penalties may apply.

Renewal


Unless we notify you otherwise, your CD will automatically renew for the minimum renewal term for your type of account at the rate then in effect for accounts of the same type and amount. CD accounts that do not renew automatically will stop earning interest at maturity. Unless we specifically state otherwise, any bonus we are offering to new accounts will generally not apply to automatically renewing CD accounts.

Interest


Interest is compounded daily and can be paid monthly, quarterly, semi-annually or annually, by ACH or check.

Savings


 Savings  Interest Rate  APY
 <$1,000  0.05 %  0.05 %
 $1,000-$4,999  0.05 %  0.05 %
 $5,000-$9,999  0.05 %  0.05 %
 $10,000-$24,999  0.15 %  0.15 %
 $25,000-$5,000,000+  0.30 %  0.30 % 

Product Features and Requirements 

You earn a competitive, tiered interest rate on the entire daily balance. 

Minimum opening commercial deposit is $100.00. 

Monthly fee is $3.00 if you maintain an average monthly balance of $1,000. Fees may reduce earnings. 

ATM or Debit Card service is not available. 

Interest rates and Annual Percentage Yields are variable, compounded daily and paid monthly and may change without notice including after account opening. 

Limited transaction account, you may make a total of 6 preauthorized or automatic transfers or withdrawals from your savings account. 

See account disclosure for more information.

Money Market Savings


 Money Market Savings  Interest Rates  APY
 <$10,000  0.05 %  0.05 %
 $10,000-$24,999  0.15 %  0.15 %
 $25,000-$5,000,000+  0.30 %   0.30 % 

  • Product Features and Requirements 

    You can avoid a $15 monthly service fee in one of two ways: 
    Maintain a $5,000 minimum daily balance, or 
  • Maintain a $10,000 average monthly balance. 

    Interest is variable, compounded daily and paid monthly. 

    Check writing, ATM or Debit Card is not available. 

    You earn a competitive, tiered interest rate on the entire daily balance. 

    Limited transaction account. See account disclosure for more information. 
    Fees may reduce earnings.