Business Deposit Rates
We understand that your business is your livelihood, so we offer a variety of business deposit accounts with competitive rates to help you grow your business and achieve your financial goals faster. From commercial savings to specialized savings for lawyers and real estate agents, we have something for every business.
Current Business Deposit Rates
Business Savings
Annual Percentage Yield Effective Date: 12/13/2023
$0.00 Minimum Balance to Open
Deposit rates are subject to change without notice. Withdrawals and fees may reduce earnings. Interest is compounded monthly and credited to the account every month. The interest rate and annual percentage yield (APY) on variable rate accounts may change after the account is opened. The interest rate paid for each tier will apply only to the portion of the account balance within that tier.
Business CD - Fixed
Annual Percentage Yield Effective Date: 12/13/2023
- All terms also available for Individual Retirement Accounts (IRA)
- $1,000 Minimum to Open
Deposit rates are subject to change without notice. Withdrawals and fees may reduce earnings. Interest is compounded daily and credited to the account every month. A penalty may be imposed for early withdrawal of principal prior to maturity from certificate accounts. The annual percentage yield (APY) assumes that interest remains on deposit until maturity. Daily balances below $1,000 do not earn APY.
Business CD - Variable
Annual Percentage Yield Effective Date: 12/13/2023
All terms also available for Individual Retirement Accounts (IRA)
Deposit rates are subject to change without notice. Withdrawals and fees may reduce earnings. Interest is compounded daily and credited to the account every month. A penalty may be imposed for early withdrawal of principal prior to maturity from certificate accounts. The annual percentage yield (APY) assumes that interest remains on deposit until maturity. You must maintain a minimum balance of $25 in the account each day to obtain the disclosed APY.
IOLTA
Annual Percentage Yield Effective Date: 12/13/2023
For accounts established with a Tax ID number of the CT Bar Foundation.
For more information or to open an account, please visit your local branch.
IOREBTA
Annual Percentage Yield Effective Date: 12/13/2023
For accounts established with a Tax ID number of CHFA.
For more information or to open an account, please visit your local branch.