Business Banking Savings Products
When we're talking business banking, dealing with banks that are headquartered out of town often means settling for impersonal relationships. At Carroll Community Bank strive to be the best community bank in Carroll County. We have a wide array of business products to help make your business successful.
Business Statement Savings
Features and Benefits:
- Convenient access to your funds at the branch, ATM, or Online Banking.
- Monthly Statement
- Unlimited “over the counter” withdrawals
- Interest is compounded daily and credited monthly
- Minimum of $100.00 to open
- Minimum of $100.00 to earn Annual Percentage Yield
- Must maintain a minimum balance of $100.00 to avoid a $10.00 service fee
- Interest is tiered with higher balances earning higher rates
- Fees may reduce earnings
6 – 15 Month CD
Features and Benefits:
- Fixed interest rate account
- Choice of term
- Minimum of $500.00 to open
- Minimum of $500.00 to obtain Annual Percentage Yield
- A penalty may be imposed for early withdrawal
- Fees may reduce earnings
18 Month Add-On CD
Features and Benefits:
- Fixed interest rate account
- Minimum of $100.00 to open
- Minimum of $100.00 to obtain Annual Percentage Yield
- Additional deposits must be a minimum of $10.00
- A penalty may be imposed for early withdrawal
- Fees may reduce earnings
24-60 Month CD
Features and Benefits:
- Fixed interest rate account
- Choice of term
- Minimum of $500.00 to open
- Minimum of $500.00 to obtain Annual Percentage Yield
- A penalty may be imposed for early withdrawal
- Fees may reduce earnings
Business Deposit Rates (Annual Percentage Yield)
| Savings and Money Markets | |
| Business Statement Savings | .25 |
| Business Money Market | .20 to .80 |
| Business Advantage Money Market |
.25 to .85 |
Checking |
|
| Sole Proprietor / Non Profit Checking |
.10 |
| Certificate of Deposit / IRA CDs | |
| 6 Month CD | .15 |
| 12 Month CD | .25 |
| 15 Month CD | .30 |
| 18 Month- Add On CD*** | .35 |
| 30 Month CD | .40 |
| 36 Month CD | .55 |
| 48 Month CD | .80 |
| 60 Month CD | 1.25 |
Make the Switch Today!
The switch kit includes:
