Business Banking

Deposit Products

Business Savings Accounts

Admiral Savings

This traditional savings account earns a competitive interest rate. With a minimum opening balance of only $100 this is an excellent place to keep excess business funds. The account allows up to 6 withdrawals per month without charge and there is no monthly service fee.

Admiral Savings Rates

Premier Money Market Savings

This savings account lets your business earn a higher than average rate of return while still allowing access through convenient check writing. Funds earn a split rate of interest based on the deposit balance. There is a $2,500 minimum opening balance and the monthly service fee is waived if you maintain a minimum daily balance of $2,500.

Premier Money Market Savings Rates

Certificates of Deposit

Certificates of Deposit offer higher rates of interest and require that the funds be set aside for a specified period of time. Certificates of Deposit are an excellent place for excess funds that your business won’t need in the short term. Maturities range from one month to five years and require a minimum opening deposit of $1,000. Early withdrawal penalties may apply.

CD Rates

CDARS® (Certificate of Deposit Account Registry Service)

CDARS® is the most convenient way to access full FDIC insurance on CD investments of up to $50 million. CDARS® is the perfect solution for many types of depositors because you bank directly with us, sign one agreement and earn one interest rate. You'll receive one regular monthly statement and only one 1099 for tax purposes. This saves you from entering into multiple rate negotiations, tracking maturing CDs from numerous banks, organizing various interest disbursements, and monitoring changing collateral values.

Through a sophisticated computer network, customer deposits are placed with other FDIC-insured banks, allowing customers to manage all their funds through one portfolio at Bank of Cape Cod. This occurs in increments of less than the standard FDIC insurance maximum so that both principal and interest are eligible for complete FDIC protection. As a result, you can access FDIC coverage from many banks while working with just us. We do the legwork for you and there’s no fee to use the service.

More Details on CDARS

Rediscover Local Banking

The Management, Associates and Directors of Bank of Cape Cod believe in the Cape Cod community and are committed to making a difference in the lives of its businesses and residents.

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