Interest Rates for Business Accounts
Business Savings Accounts
Effective Date: October 31, 2024
| Account Type | Minimum Opening Balance | Minimum Balance Required to Earn APY | Annual Percentage Yield (APY) |
|---|---|---|---|
| Statement Savings | $10 | None | 0.02% |
| Passbook Savings | $10 | None | 0.02% |
| Business Money Market Deposit* | $1,000 | $1,000 or more | 0.10% |
*Business Money Market Deposit Account requires customer to have a TSB Business Checking Account prior to opening.
Your interest rate and Annual Percentage Yield (APY) may change after the account is opened.
Fees could reduce the earnings on the account.
Special Business Certificates of Deposit (CDs)
Effective Date: October 31, 2024
*Deposited funds must be from another Financial Institution.
| Account Type | Balance Tier | Minimum Balance Required to Earn APY | Annual Percentage Yield (APY) |
|---|---|---|---|
| 3-5 Month CD | $1,000 + | $1,000 | 3.00%* |
| 6 Month CD | $1,000 + | $1,000 | 4.15%* |
| 12 Month CD | $1,000 + | $1,000 | 3.50%* |
*Deposited funds must be from another Financial Institution.
A penalty may be imposed for early withdrawal.
Standard Business Certificates of Deposit (CDs)
Effective Date: October 31, 2024
| Account Type | Minimum Opening Balance | Minimum Balance Required to Earn APY | Annual Percentage Yield (APY) |
|---|---|---|---|
| 3-5 Month CD | $1,000 | $1,000 | 0.03% |
| 6-8 Month CD | $1,000 | $1,000 | 0.05% |
| 9-11 Month CD | $1,000 | $1,000 | 0.10% |
| 12-23 Month CD | $1,000 | $1,000 | 0.10% |
| 24-35 Month CD | $1,000 | $1,000 | 0.15% |
| 36-47 Month CD | $1,000 | $1,000 | 0.15% |
| 48-59 Month CD | $1,000 | $1,000 | 0.20% |
| 60 Month CD | $1,000 | $1,000 | 0.25% |
A penalty may be imposed for early withdrawal.
