Commercial Money Market/Certificates of Deposit (CDs)
If you need a safe place to hold your business cash at a competitive interest rate, a Quantum National Bank Commercial Money Market or CD might be just what you’re looking for.
Commercial Money Market
- Minimum opening deposit - $1,000
- No monthly service charge if average daily balance is above $5,000 ($7 monthly fee if balance falls below $5,000)
- Commercial Money Market Accounts are limited to six withdrawals per statement cycle, three of which may be by check. ($10 excessive withdrawal fee will be charged for each external withdrawal in excess of the six per statement cycle.)
- Tiered interest rates provide higher returns on larger balances
- Free Business Visa Debit Card (subject to approval)
- Free online banking
- Free imaged statements
- Worldwide ATM access through Plus, Pulse, Cirrus and Interlink networks
- Free night deposit services
Certificates of Deposit (CDs)
- Terms range from 7 days to 5 years
- Minimum investment - $1,000
- Interest rates vary according to the investment term
- Interest can be deposited monthly or quarterly into any Quantum National Bank checking or savings account
- Set to renew automatically to save you the time and effort of making a trip to the bank.
- SEP IRAs are available to small business owners or the self-employed
Click here for current rates
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