Certificates of Deposit for Business
A CD is an excellent choice if you’re looking for a good return on investment and don’t need immediate access to your money.
With a full suite of savings options and a team of ag banking experts, you’ll find the ideal savings plan for your agribusiness at Plains Commerce Bank.
Get back to basics with this hassle-free account. Our business savings(1) keeps things simple—so you have one less thing to worry about on the farm or ranch. With a $0 minimum to open an account, there are no monthly service charges if you maintain an average balance of $100 per statement cycle in the account and you'll earn interest every month.
If you're looking for a higher interest rate and easy access to your funds, take a look at our Money Market for Business.(1) With a minimum balance of $1,000 to open the account, your monthly service charge is waived as long as you maintain a daily $1000 balance each statement cycle. You may earn more interest than our basic Business Savings and your money's not tied up.
As our premier savings option, the Choice Money Market(1) offers tiered interest rates based on your balance. Please note that this account requires at least a $50,000 deposit to open. If you have this level of capital, you may see improved returns in our choice money market with easy access to your funds. You'll also enjoy free check blanks, free notary services, and unlimited deposits in person or by mail.(2)
What should you do with money that you aren't planning on spending for a while? Save for your future. Certificates of Deposit(3) are great options if you want to boost your return on investment and don't need access to your money right away. They're FDIC-insured and your interest rate is fixed. For once, you won't have to worry about changes in the market. Plus, you'll choose the term—3 months to 60 months—whatever works best for your farm or ranch. All it takes is a $500 minimum deposit.
We hate missing out on a good opportunity. One of the advantages of a certificate of deposit is the fixed rate, but what if the market suddenly gets better right after you're locked in? Our Exchange-A-Rate CD(3) gives you all the benefits of a typical certificate of deposit with a chance to exchange your rate for a better rate one time within its first term. Choose between a 24, 48, or 60-month commitment.
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