Business Certificates of Deposit

Save more effectively with Business Certificates of Deposit (CDs)

You have plenty of options with Carter Bank's CDs

Be flexible
We have CD's with terms less than 6 months
Lock in your savings
Your money grows at a fixed rate for the length of your CD's term.
Maximize your savings
You'll benefit from our competitive rates.

A safe investment that pays off for your company

Business expenses take many forms and there's no guarantee from one day to the next–except with Carter Bank's Business CDs. Invest money in one or more of these CDs and it's certain to grow at a fixed rate over a period of months or years, providing you extra income you can use to address any costs that arise. CDs are an ideal savings account when you can leave your funds untouched to maximize your fixed growth. 

  • $100 minimum deposit for CDs of a year or longer
  • $2,500 minimum deposit for shorter-term CDs
  • Interest compounds daily and credits quarterly 
  • Deposits are FDIC-insured up to $250,000


For contact information, including phone numbers, email addresses, and online inquiries, please visit our "Contact Us" page. You can also call us at (833.275.2228), or visit us at one of our locations. To find a location click here.

Watch your savings grow.

Finance your next move

Secure the funds you need to support business initiatives.

Accessing funds from your CD prior to maturity will subject you to early withdrawal penalties. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate daily. Fees may reduce earnings. Penalties for early withdrawals: For maturities of less than one year, a 30-day interest penalty will be assessed. For maturities of one year or more, a 90-day interest penalty will be assessed.

¹ Initial Annual Percentage Yield (APY) assumes, principal and interest remain on deposit until maturity. Interest is compounded daily and credited quarterly. To earn APY, the minimum balance must be $100.00. A penalty for early withdrawal will be imposed. Fees may reduce earnings. Annual Percentage Yield (APY) is accurate as of 12.15.23.

All promotional offers, products and services offered by Carter Bank are subject to updates, modifications and/or termination at any time.

² Rates subject to change. At our discretion, we may change the interest rate daily. Fees may reduce earnings. (This includes transfers for overdraft or insufficient funds transfers). The Annual Percentage Yield (APY) and balance for CB&T Premium Money Market Account are accurate as of 5.22.2023. APY is variable and subject to change based on the balance in the account; $0-$2,499.99 at 0.00% / $2,500-$24,999.99 at 0.26% / $25,000-$49,999.99 at 3.26% / $50,000-$99,999.99 at 3.37% / $100,000-$499,999.99 at 3.46% / $500,000-$999,999.99 at 3.56% / $1,000,000 and above at 4.01%. To earn the advertised APY, the minimum balance must be $25,000.00. Charges and fees may reduce earnings. Premium Money Market Account is available for personal and business customers.

$2,500 minimum balance to avoid fees. 30 day grace period to get to minimum balance.

Carter Bank is a full-service financial institution with locations throughout Virginia and North Carolina.