UPDATE: Effective Wednesday March 25, 2020, we are closing lobby access at ALL of our branch locations until further notice. We will continue to operate via drive-up services and appointments during regular business hours. Read More
Certificates of Deposit (CDs) for Your Business
If you don’t have an immediate need to access your company funds, you might consider opening up a Certificate of Deposit (CD) with Home Federal. This savings option allows you to place your money in a secure account with a higher fixed savings rate for a pre-determined extended amount of time. Plus, with the variety of terms we offer, you may tailor your maturities to fit your business's financial goals.
Get started today, with only $2,500 minimum deposit to open, and enjoy a guaranteed return on your investment. CD terms range from 3 months up to 5 years, giving you higher rates on longer terms. When your term is up, you may withdraw your funds (within 7 days of maturity date) or renew your investment at the market rate for even more of a return on your money.
Unlike some other investments, there are no volatile markets or complicated investment choices, and CDs are insured up to $250,000 per account holder by the FDIC. Early withdrawal penalties apply with CDs.
Other types of Business Savings accounts: