Business Certificates of Deposit
Business CDs are a great longer-term savings option with higher returns.
Flexible and convenient CDs allow business owners to grow their savings. Choose from a variety of flexible terms, competitive rates and CD types starting at $1,000. Earn higher returns over time, transfer interest with ease and maximize earnings with larger balances and tiered CD options.
Maximize your savings and reach business goals
Choose from flexible terms ranging from 30 days to 60 months and enjoy competitive rates. Fixed Rate CDs start at $1,000, while Mini-Jumbo CDs require $40,000. Jumbo and Add-On CDs begin at $100,000, with options for additional deposits or laddering. Earn more over time, transfer interest to another account and make the most of your business’s idle funds with a secure, high-yield savings option.
Higher returns over time
CDs typically offer better interest rates than standard savings accounts, especially for longer terms.
Flexible terms
Options range from 30 days to 60 months, allowing businesses to match savings strategies with cash flow needs.
Interest transfer
Accrued interest can be transferred to another Associated Bank account, adding flexibility in fund usage.
Business CDs FAQs
Why choose a business CD?
Business CDs offer a secure, low-risk way to earn higher returns on idle cash. They're ideal for planned savings over a fixed term, allowing businesses to grow capital while maintaining liquidity with tiered strategies.
Can I access my money at any time?
The best time to withdraw your CD funds is when the CD reaches its maturity date, which is the end of its term. If you need to access your CD funds before the maturity date, you may face an early withdrawal penalty.
How is a business CD different from a regular savings account?
Unlike savings accounts, Business CDs offer fixed terms and typically higher interest rates. However, funds are locked in for the term and may face penalties if withdrawn early.
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Rates are subject to change at any time at our discretion. The annual percentage yield assumes interest will remain on deposit until maturity. Fees could reduce earnings. There may be an early withdrawal penalty when any principal amount is withdrawn before maturity. Interest is compounded and credited quarterly or at maturity, depending on the CD term.
Please see the CD Receipt, the Business CD Account Rate Sheet, the Business Deposit Account Fee Schedule and the Deposit Account Agreement for additional details.