High-Yield Business CDs Can Boost Your Bottom Line
Good business banking includes putting your reserve funds to work so they generate income for tomorrow’s expenses, purchases and other initiatives. At North Salem State Bank, our business Certificates of Deposit are like business savings accounts—only better. They offer higher earnings while allowing you to choose a savings period that aligns with your future needs.
- Minimum Opening Deposit: Open a business CD with as little as $1,000
- Flexible Terms: Choose savings periods from 6 to 60 months
- Competitive Returns: In general, longer-term CDs offer the highest rates
- Interest Payment Options: Earned interest can be deposited into an NSSB checking or savings account, paid directly to you by check, or added back to your CD
- Guaranteed Principal: If you withdraw funds before the CD’s maturity date, you may forfeit some interest earnings, but your initial deposit is never at risk
- FDIC Insured: All CD deposits are protected by the Federal Deposit Insurance Corporation up to applicable limits1
Ready to get started or have questions? Contact us or visit a local branch so we can help you open a business certificate of deposit.
Looking for additional cash management tools? Explore our Treasury Services to support your broader business banking needs.
Questions?
North Salem State Bank offers business CDs so your money grows while you work. Give us a call or visit a Central IN branch so we can help you open a business certificate of deposit.
1 - FDIC insurance: your account is covered up to the maximum amount allowed by law. Each depositor is insured to at least $250,000 per insured bank. See a branch employee for more information about FDIC insurance.