Business CDs

The perfect longer-term savings vehicle for your organization.

Consider a Certificate of Deposit ¹ for your business.

- This insured account from Salem Co-operative Bank yields a higher interest rate than many other types of accounts.
- Minimum $500.00 investment offers a choice of terms ranging from six (6) to sixty (60) months
- Higher rate of interest than transaction deposit accounts
- Interest is accrued daily and compounded monthly
- A minimum daily balance is required to earn interest
- Convenient automatic renewals**
- Penalties are imposed for early withdrawal of principal balances (contact us to learn more)*
- Check today’s Interest Rates

Ready to Learn More about Our CD Options?

We want to help your business grow, and a Certificate of Deposit (CD) can be an excellent step forward.
Questions? Contact us today.

*A withdrawal of principal will reduce earnings.

**You may prevent renewal if you withdraw the funds in the account at maturity or within a ten calendar day grace period.

¹ Must be registered with the state and provide a certificate from the state, a copy from the IRS of the EIN and business documentation (Corporate resolution, etc.)

Additional Resources

Important Information about Opening Accounts | FDIC Insurance Estimator | FDIC Video | Deposit Rate and Fees

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Business CDs

Consider a Certificate of Deposit 1 for your business.

Ready to Learn More about Our CD Options?

Additional Resources

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Consider a Certificate of Deposit ¹ for your business.