With flexible terms, amazing rates and minimal risk, a Business Certificate of Deposit from FAIRWINDS can help you plan and prepare for big purchases or acquisitions and boost your business’ equity.
Saving for your business is simple with flexible investment terms and competitive rates.
- Save on your own terms. Choose terms ranging from three months to five years and grow your savings on a timeline that fits your business’ schedule.
- Keep your savings safe. All deposits are federally insured by the NCUA.
- Start saving early. Low minimum opening deposits.
- Have peace of mind. Guaranteed interest rates that increase with your account opening balance.
Minimum to Open
- $1,000 Promo CDs
- $1,000 for all other terms
- $10,000 for Member Bonus
Monthly Service Fee—None
Withdrawal limitations—Closing your CD or withdrawing funds early will result in a loss of earnings and/or penalties. See our fee schedule for additional details.
Looking for a risk-free way to save your money while being rewarded with more interest? Try this limited time add-on CD and enjoy the flexibility of adding money to it whenever you want.
Minimum to Open: $1,000
*APY = Annual Percentage Yield. Early withdrawal of Certificate of Deposit is subject to penalty. Fees can reduce earnings on the account. Offer subject to change at any time without notice.
Members who have been with the credit union for at least one year are eligible for the Business Member Bonus CD. Plus, add unlimited funds to your CD throughout the term.
Minimum to Open: $10,000**
*APY = Annual Percentage Yield. Early withdrawal of Certificate of Deposit is subject to penalty. Fees can reduce earnings on the account. Offer subject to change at any time without notice. **A minimum of $10,000 from another financial institution is required to open the account. Any deposit after the $10,000 opening can be funded from an existing FAIRWINDS account or an account elsewhere.
Business Certificate of Deposit as of 01/22/20
|Savings Interest Rates||Interest Rate||Annual Percentage Yield (APY)|
|3-month Business CD||0.35%||0.35%|
|6-month Business CD||0.35%||0.35%|
|12-month Business CD||0.45%||0.45%|
|24-month Business CD||0.65%||0.65%|
|36-month Business CD||0.90%||0.90%|
|48-month Business CD||1.20%||1.21%|
|60-month Business CD||1.40%||1.41%|
*APY: Annual Percentage Yield
Early withdrawal is subject to penalty.