All depositors at CBBC Bank are insured up to $250,000 each by the Federal Deposit Insurance Corporation.
Interest is earned on all balances over $100 and is paid on a quarterly basis. Customers are allowed three (3) withdrawals per month at no cost; $2 per withdrawal after three. Account can be opened with as little as $100. Avoid $4 monthly fee by maintaining a $300 minimum daily balance.
Account opening subject to credit approval.
Business Money Market Account
Earn more on your money with the current market yields of the CBBC Bank Money Market Account. This liquid account allows you six (6) withdrawals per month at no cost; additional withdrawals are $3 each. We are pleased to waive the $10 monthly fee if you choose to keep an average daily balance of at least $2,500. We ask that you deposit at least $2,500 to open the account. Bounce Protection is not available on Money Market Accounts.
Account opening is subject to credit approval.
Business Certificate of Deposit
CD investments provide the advantage of guaranteed income at premium interest rates with maximum safety. Open your CD with as little as $500. Interest Rates are set weekly and compounded as often as monthly, producing higher yields. Terms are available from 91 days to 5 years. Substantial penalty for early withdrawal. Account opening is subject to credit approval.
You have numerous options available to you with your CD:
- Choose to have your CD to renew automatically, for continuous earning power.
- Use your CD as collateral on a loan with CBBC Bank; subject to credit approval.