Grow Your Wealth with Business CDs from TAB Bank
Put Your Hard-Earned Money to Work for You with Business Bank Certificates of Deposit.
Time. Sweat. Blood. Tears. You work so hard to grow your business and increase profit. Now it’s time for you to relax and take it easy while your investment works for you with business certificates of deposit (CDs) from TAB Bank.
Features of Business CD Accounts from TAB Bank:
- The maximum permitted by law FDIC insurance
- Highly competitive APY interest rates
- Easy-to-access online banking
- No monthly maintenance fees
- Flexible terms to meet your business needs
What is a Business CD?
What exactly is a business certificate of deposit? Who issues a certificate of deposit? What are common business CD rates? Often referred to as a CD, a certificate of deposit is a federally insured account that has a fixed date of withdrawal, which is known as the maturity date. Business CD accounts from TAB Bank also have highly competitive fixed interest rates and they don’t have monthly fees.
You deserve to feel safe and secure when you make an investment with your hard-earned money. Business owners feel confident when they invest their money in CDs because they are considered low-risk and insured up to $250,000. Your savings will also grow faster in this type of account than it would in a traditional savings account.
The specific amount of time that you invest your money in our bank, is referred to as the duration or term. Our fixed interest rates are higher than our rates for savings accounts. When the CD matures or the term is up, you get back all of the money you invested, which is known as the principal, along with the accumulated interest.
Steady. Reliable. Secure.
Grow Your Business Over Time with TAB Bank CDs
Every business is unique and has its own resources that can be put towards investments. At TAB Bank, we are pleased to present you with various options and rates for CDs. If you want to get the maximum gains from your account, consider choosing longer duration options and/or higher amounts in order to secure the best rate. Check out the chart below to learn how this sliding scale works for business CD rates.
Select a term for the rate information
$1000
Minimum Opening Deposit
Annual Percentage Yield
Rates are current as of November 20, 2024.
This offer is good on new CDs only. The minimum balance to open a CD is $1,000. The annual percentage yield assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings. You must maintain the minimum balance indicated in the tables above to earn the disclosed APY. A penalty may be imposed for early withdrawal. Calculations of the APY assume interest is credited to the account monthly.
How Does Compound Interest Work on a CD High Yield Account?
Certificates of Deposit add interest to your principal periodically. Effectively, you get to reap the benefits of having interest build upon the interest that has already been added to the account. This is known as compound interest.
The rate is fixed, and you will know what it is before you open the account. It’s important that you understand the main difference between a business savings account and a CD. When you open a business CD, you will not be able to withdraw the money early without a penalty, whereas with a business savings account you are able to access your money easily.
Every Business Should Have the Opportunity to Reach its Goals
Make business investments in a manner that best suit your needs. At TAB Bank, we are proud to offer business owners variety and flexibility when it comes to the amounts and lengths of duration for business CDs.
Terms of length can be as short as a few days or as long as a decade! However, the average range for businesses is between three months and five years. Keep in mind the general rule, the longer term, the more you earn.
If you are looking for an opportunity to decrease re-investment risks and interest rates, consider building up a CD ladder. When you divide the money into equal amounts and invest those into separate maturity rates, you’ll watch your business grow over time as the CDs overlap one another and build interest on the incredible rate you get for opening several CDs.
What Stands Out About TAB Bank in CD Comparisons?
Security
You can make a business investment that is not high-risk and enjoy peace of mind as you watch your business account grow over time.
Transparency
You can make a business investment that is not high-risk and enjoy peace of mind as you watch your business account grow over time.
Simplicity
There’s no need to add a bunch of hoops to jump through to open a CD, such as minimum deposits that are too high for many businesses. We make it easy.
Why You Should Open a Business CD Account with TAB Bank
Are you ready to enjoy an easier, better, and more profitable way of life? If you’re ready to take your investments to the next level by improving your strategies, you should consider all the benefits of opening a business CD account with TAB Bank:
