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Business Savings/CDs

bankcda offers a select number of business deposit products to suit your needs. bankcda offers its services through many methods, including 24-hour ATM, Internet Banking, Mobile Banking, remote deposit, courier service and banking by mail. Please contact a Personal Banker for additional information on the accounts listed below.

Business Savings
  • $100 opening deposit required
  • $250 minimum daily balance requirement to avoid monthly minimum balance fee
  • Interest compounded daily and paid quarterly
  • Quarterly e-Statement
  • Free Internet Banking
  • You may make no more than six preauthorized withdrawals, automatic or telephonic transfers, checks, drafts and debit card or other similar transactions from the account per month or statement cycle. 
  • A $1.00 per item fee will be charged for withdrawals in excess of the six allowable withdrawals per month.  This fee will be charged on a quarterly basis
FirstRate Business Money Market
  • $2,500 opening deposit required
  • Interest compounded daily and paid quarterly
  • Tiered, variable rate
  • Monthly Statement
  • Free Internet Banking
  • You may make no more than six preauthorized withdrawals, automatic or telephonic transfers, checks, drafts and debit card or other similar transactions from the account per month or statement cycle.  You may make unlimited withdrawals or transfers from the account if they are conducted in person, by mail or via ATM
 
Fixed Rate Certificates of Deposit
  • $500 opening deposit required
  • Interest compounded daily and paid quarterly (monthly upon request)
  • Interest may be paid to the CD, a checking/savings account or a check by mail
  • Terms of 90 days to 5 years
  • Penalty imposed for early withdrawal

 

Business Sweep
  • $5.00 monthly service charge
  • Interest bearing - tiered, variable rate
  • Available with Analyzed Checking only
Jumbo Certificates of Deposit
  • $100,000 opening deposit required
  • Simple interest paid quarterly (monthly upon request)
  • Interest may be paid to the CD, a checking/savings account or a check by mail
  • Terms of 14 days to 5 years
  • Penalty imposed for early withdrawal