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You Are Here: Business Banking Services : Commerical Certificates of Deposits

Commerical Certificates of Deposit

Range of terms.

A Range Bank CD is ideal if you want to earn a higher interest rate and do not need immediate access to your funds. A variety of terms are available, from 30 days to 60 months. Minimum balance requirements will vary with the term of the CD. Interest rates will typically be higher for longer-term CDs.

30-day - $5,000
91-day – 9 months - $2,500
12 months – 60 months - $1,000
Interest may be added back to the CD, deposited to an account, or disbursed via check
Early withdrawal penalties are based on term of CD
A notice of pending maturity is sent 10 days prior to maturity date
A notice of renewal and new rate is sent at maturity

Range of rates.

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