Our Jumbo Deposit account for business is an interest bearing business account with flexible options to ensure deposits up to $7 million can be fully FDIC insured.
Current Jumbo Deposit Account Rates
|3.02% APY1||with $230,000 minimum balance|
|2.04% APY1||with $100,000 minimum balance|
|1.01% APY1||with $.01 minimum balance|
Deposits insured by the FDIC to the maximum allowed by law. Insured Cash Sweep application required for up to $7 million of FDIC insurance.
Minimum Opening Deposit: $1,000.00
Minimum Balance: $0.01
Interest: Compounded and credited monthly
Questions? Call us at 800-344-7048
This is an all-electronic business account that must be managed online. No checks or debit cards are available with this account. No maturity date; no early withdrawal penalty.
You are allowed six (6) withdrawals, of any type, per month. Any month you exceed this number, you will be charged a $30.00 service charge.
$15 per month fee if paper statements are mailed through the US Mail. $30 wire transfer fee waived for one outgoing domestic wire transfer per month. Unlimited incoming domestic wires at no charge.
No financial institutions or brokers.
1APY = Annual Percentage Yield. Fees may reduce earnings. Interest rate is variable and may change after the account is opened.
Interest Rates Effective Since December 27, 2022.