Business Time Deposits
Is your business seeking a Certificate of Deposit (CD) to maximize your return on cash reserves? Our CDs offer competitive fixed interest rates with flexible terms.
- Minimum opening deposit of $1,000
- Automatically renewable at maturity with a ten-day grace period
- Multiple interest payment avenues available
- Interest payments are traditionally made at CD maturity or made at the annual anniversary date of the CD, if original maturity is 12 months or greater
- Interest can also be paid out monthly, quarterly, semi-annually or yearly
Contact i-bank for options, current interest rates and annual percentage yields.
Terms: Early withdrawal penalties apply. Interest rate varies and depends on term. At maturity, interest may be compounded into principal balance or deposited into another account.