Business Banking
Deposit Products
Business Deposit Rates1
Effective March 14, 2016
Simply Free Business Checking
| Minimum Daily Balance for APY |
Minimum Opening Balance |
Interest Rate |
Annual Percentage Yield2 |
Minimum Daily Balance to Avoid Monthly Fees |
| All Balances |
$25 |
N/A |
N/A |
No Monthly Fee |
Business Interest Checking3
| Minimum Daily Balance for APY |
Minimum Opening Balance |
Interest Rate |
Annual Percentage Yield2 |
Minimum Daily Balance to Avoid Monthly Fees |
| $0.01 |
$25 |
0.25% |
0.25% |
$1,500 |
IOLTA Checking4
| Minimum Daily Balance for APY |
Minimum Opening Balance |
Interest Rate |
Annual Percentage Yield2 |
Minimum Daily Balance to Avoid Monthly Fees |
| All Balances |
$10 |
1.00% |
1.00% |
None |
Business Admiral Savings
| Minimum Daily Balance for APY |
Minimum Opening Balance |
Interest Rate |
Annual Percentage Yield2 |
Minimum Daily Balance to Avoid Monthly Fees |
| All Balances |
$10 |
0.15% |
0.15% |
None |
Business Premier Money Market Savings
| Minimum Daily Balance for APY |
Minimum Opening Balance |
Interest Rate |
Annual Percentage Yield2 |
Minimum Daily Balance to Avoid Monthly Fees |
| $0.01-$49,999.99 |
$2,500 |
0.10% |
0.10% |
$2,500 |
| $50,000-$99,999.99 |
|
0.25% |
0.25% |
|
| $100,000+ |
|
0.50% |
0.50% |
|
Certificates of Deposit (Penalty for early withdrawal)
| Account Name |
Minimum Daily Balance for APY |
Minimum Opening Balance |
Interest Rate |
Annual Percentage Yield2 |
| 3-Month CD |
All Balances |
$1,000 |
0.10% |
0.10% |
| 6-Month CD |
All Balances |
$1,000 |
0.85% |
0.85% |
| 9-Month CD |
All Balances |
$1,000 |
0.30% |
0.30% |
| 12-Month CD |
All Balances |
$1,000 |
1.00% |
1.00% |
| 13-Month CD |
All Balances |
$1,000 |
0.45% |
0.45% |
| 15-Month CD |
All Balances |
$1,000 |
0.50% |
0.50% |
| 18-Month CD - Special |
All Balances |
$1,000 |
0.65% |
0.65% |
| 24-Month CD |
All Balances |
$1,000 |
0.80% |
0.80% |
| 30-Month CD - Special |
All Balances |
$1,000 |
1.00% |
1.00% |
| 36-Month CD |
All Balances |
$1,000 |
0.85% |
0.85% |
| 48-Month CD |
All Balances |
$1,000 |
1.10% |
1.10% |
| 60-Month CD |
All Balances |
$1,000 |
1.34% |
1.35% |
1 Rates are subject to change without notice after account is opened for all accounts
except Certificates of Deposits
2 Services fees may reduce earnings
3 Only Sole-Proprietors operating under their social security number or qualified
non-profits are eligible for Business Interest Checking
4 Bank of Cape Cod is an approved IOLTA Depository and is recognized as a Leadership
Institution.
