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Business CDs

Invest in the Growth of Your Business

Business CD Rates

  • 10 Month Loyalty Certificate

    View All Rates

    As High As 3.50% APY**

    • Business Certificates

    When you invest in a Business Certificate of Deposit (CD), you'll earn a guaranteed interest rate of return for your business. And you can rest easy knowing your principal is federally insured.

    • Higher guaranteed rates than Savings or Money Market.
    • Just $500 to open.
    • Terms from six months to three years.
    • Federally insured up to $250,000 by the NCUA.
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    Frequently Asked Questions

    • Your earnings can be deposited into your Rivermark Business Checking, Savings or Money Market accounts, or mailed as a check. Maximize your return by reinvesting the earnings into another CD.

    • You can withdraw it, but you’ll pay a penalty equal to 90 or 180 days worth of interest, depending on the original term of your CD.

    • One way to maximize your interest income is with a strategy called CD laddering. Over time, it's an easy way to earn a higher rate without locking up all your money into a single long-term certificate.

      For example, instead of opening one 3-year CD for $15,000, you would divide your initial deposit into three equal CD's.

      1. Open one CD for $5,000 with a 3-year term
      2. Open a second CD for $5,000 with a 2-year term
      3. Open a third CD for $5,000 with a 1-year term

      When your 1-year CD matures, you would roll that $5,000 into a new 3-year certificate. After three years, all of your certificates will be earning the higher three-year rate of interest at that time and you'll always have access to $5,000 of your money within one year.

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    APY = Annual Percentage Yield.

    *Business CDs: For all Certificate accounts there may be a penalty for early withdrawal. APY assumes that all interest will remain on deposit until maturity, a withdrawal will reduce earnings. Fixed rate, interest is compounded daily and credited monthly. $500 minimum deposit to open certificates. Cannot add funds to business certificates after account opening.

    **For Loyalty CDs: A checking account that has been established for a minimum of 12 months is required on the membership for which the CD is opened. Limit one Loyalty CD and one Loyalty IRA CD per membership. Upon maturity, the Loyalty CD account will automatically renew for a 12-month term at then-current 12-month CD rate.