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.