Interest Rates for Business Accounts

Business Savings Accounts


Effective Date:  September 15, 2020

Account TypeMinimum
Opening Balance
Minimum Balance
Required to Earn APY
Annual
Percentage
Yield (APY)
Statement Savings$10None0.10%
Passbook Savings$10None0.10%
Business Money Market Deposit* $1,000 $1,000 or more0.30%

*Business Money Market Deposit Account requires customer to have a TSB Business Checking Account prior to opening.

Your interest rate and Annual Percentage Yield (APY) may change after the account is opened.

Fees could reduce the earnings on the account.

 

Special Business Certificate of Deposit (CDs)

Effective Date:  September 15, 2020

Account TypeBalance TierMinimum Balance
Required to Earn APY
Annual
Percentage
Yield (APY)
3-5 Month CD$1,000 - $49,999.99$1,000 0.10%*
$50,000 +$50,000 0.10%*
6-8 Month CD$1,000 - $49,999.99$1,0000.10%*
$50,000 +$50,0000.10%*
12-23 Month CD$1,000 - $49,999.99$1,0000.20%*
$50,000 +$50,000 0.20%*
24-35 Month CD$1,000 - $49,999.99$1,000 0.25%*
$50,000 +$50,000 0.25%*
36-47 Month CD$1,000 - $49,999.99$1,0000.35%*
$50,000 +$50,000 0.35%*
48-59 Month CD$1,000 - $49,999.99$1,000 0.35%*
$50,000 +$50,000 0.35%*
60 Month CD$1,000 - $49,999.99$1,000 0.45%*
$50,000 +$50,000 0.45%*

*Deposited funds must be from another Financial Institution.
A penalty may be imposed for early withdrawal.

 

Standard Business Certificate of Deposit (CDs)

Effective Date:  September 15, 2020

Account TypeMinimum
Opening Balance
Minimum Balance
Required to Earn APY
Annual
Percentage
Yield (APY)
3-5 Month CD$1,000 $1,000 0.03%
6-8 Month CD$1,000 $1,000 0.05%
9-11 Month CD$1,000 $1,000 0.10%
12-23 Month CD$1,000 $1,000 0.10%
24-35 Month CD$1,000 $1,000 0.15%
36-47 Month CD$1,000 $1,000 0.15%
48-59 Month CD$1,000 $1,000 0.25%
60 Month CD$1,000 $1,000 0.30%

A penalty may be imposed for early withdrawal.