Business Savings Certificates
Secure your deposits with a savings certificate and lock in a higher interest rate compared to regular business savings accounts and business money management accounts.
With certificates, you get security. Investments are risky, and you could end up with less than what you started depending on the volatility of the market. A savings certificate is guaranteed and automatically earns your business money. To get started, all you need is a $500 minimum deposit and choose which term fits your business model.
Lack of access to funds is the biggest drawback to this account type. Once you choose how much to deposit and lock in a rate, you won’t have access to your money until the term is up.
Terms range from three months to 5 years.
This laissez-faire strategy puts your money to work and sets your business up for the future.