Skip to Content

Business CDs

Home Business Business CDs

Certificate Options and Features

Every dollar counts when running a business, so if you can find a way to make your money work harder for you, why not take advantage of it? A Certificate of Deposit, or CD, is a great place to store your business’s excess funds to help them grow over time with better interest rates. The rate for a given CD fluctuates by term, the amount of time your deposited funds will earn interest.

All of our CDs are insured in full by the FDIC and DIF.

Check our CD Rates!


CD Rates

 

Term of less than 12 months

Term of 12 months or more

Companion CD

The ideal solution if…

You have a shorter amount of time to grow your funds.

You have a longer amount of time to grow your funds.

You want to pair your CD with a checking account at the same bank.

Required opening deposit

$2,500

$2,500

$5,000

Interest type

Simple

Continuously compounded

Simple

Early withdrawal penalty

A penalty equaling the loss of 1/2 of the interest that would have been earned on the amount withdrawn for the remaining days until the maturity of the CD

How to open

Open Online!

Simple Interest vs. Compound Interest. Simple interest is calculated on the principal amount of the CD. Compound interest is calculated on the principal amount AND any accumulated interest from previous periods.

employee typing on laptop

Online Business Services

Online Business Services
young woman using mobile banking

Mobile Banking

Mobile Banking

Financial News, Local Events, Monetary Advice...



February 22, 2019

Stop by any one of our 9 convenient locations to open a new Newburyport Bank credit card t…
Read More...

February 22, 2019

Happy Friday, everyone! How do you plan to spend your weekend?
Read More...