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: