Business Certificates of Deposit
At Prime Alliance Bank we want our customers to have the opportunity to make the best return on their investment. To assist our customers with their investments we offer competitive Certificates of Deposit. Certificates of Deposit, also known as CDs, are interest bearing accounts with guaranteed fixed rates and a wide range of terms and payment choices.
Certificates of Deposit
Term (in Months) | Minimum Balance | Rate* | APY* |
---|---|---|---|
6 | $500 | 4.88% | 5.00% |
12 | $500 | 4.40% | 4.50% |
18 | $500 | 4.40% | 4.50% |
24 | $500 | 4.64% | 4.75% |
36 | $500 | 3.44% | 3.50% |
48 | $500 | 2.96% | 3.00% |
60 | $500 | 2.96% | 3.00% |
*For Certificate of Deposit accounts, the interest rate (Rate) and annual percentage yield (APY) disclosed at account opening is fixed and will not change until the CD renews. Any withdrawal of interest prior to maturity will reduce earnings. Interest is paid quarterly. Penalties assessed for early withdrawal.
Jumbo Certificates of Deposit
Term (in Months) | Minimum Balance | Rate | APY |
---|---|---|---|
3 | $100,000 | 0.30% | 0.30% |
6 | $100,000 | 0.40% | 0.40% |
12 | $100,000 | 0.55% | 0.55% |
Promotional Certificates of Deposit
Term (in Months) | Minimum Balance | Rate | APY |
---|---|---|---|
11 | $5,000 | 1.11% | 1.11% |
60 | $5,000 | 2.38% | 2.40% |