Business Certificates of Deposit
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
FAQs
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.
Related Resources
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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 APY = Annual Percentage Yield.
Carter Bank is a full-service financial institution with locations throughout Virginia and North Carolina.