Our Jumbo Deposit account for business is an interest bearing business account with flexible options to ensure deposits up to $4 million can be fully FDIC insured.
Current Jumbo Deposit Account Rates
|0.82% APY1||with $230,000 minimum balance
(On balances up to $4,000,000)
|0.74% APY1||with $100,000 minimum balance|
|0.01% APY1||with $.01 minimum balance|
Deposits insured by the FDIC to the maximum allowed by law. Insured Cash Sweep application required for up to $4 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.
$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 and brokers.
1APY = Annual Percentage Yield. Fees may reduce earnings. Interest rate is variable and may change after the account is opened. Effective since May 1, 2022