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Business Certificates of Deposit

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About Business Certificates of Deposit

Certificates of Deposit (CDs) are investment products that provide you with a guaranteed rate of return for a specified period of time.

  • Certificates are available in varying terms.
  • Most minimum deposits and balances to earn interest are as low as $500.00.
  • All certificates will be renewed subject to the renewal terms of the individual certificate.

Certificates of Deposit Rates

Rates effective (c)

Term Minimum Balance for APY* Interest Rate APY (Annual Percentage Yield) Interest Compounded
90 Days $500.00 .05% .05% Quarterly
6 Months $500.00 .05% .05% Quarterly
12 Months $500.00 .05% .05% Quarterly
18 Months $500.00 .05% .05% Quarterly
24 Months $500.00 .05% .05% Quarterly
36 Months $500.00 .05% .05% Quarterly
48 Months $500.00 .05% .05% Quarterly

*All interest rates are subject to change at our discretion. Interest Rate and Annual Percentage Yield (APY) are accurate as of the date listed above. You must maintain the minimum balance in your account each day to obtain the annual percentage yield. The annual percentage yield disclosed assumes that the principal and interest will remain on deposit until maturity. A withdrawal will reduce earnings. Fees may reduce earnings. A penalty may be imposed for early withdrawal.

 

Please contact a personal banker for further information regarding rates and fees at 1-815-933-0570.

Bank of Bourbonnais

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