Business Certificates of Deposit
- $1,000 minimum deposit
- Interest rates are tiered, based on the amount and term of the Certificate of Deposit
- Available terms range from 7 days to 5 years
- Interest rate is fixed for the term of the Certificate of Deposit. Simple interest is paid at maturity. However, the client may choose to have interest paid monthly, quarterly, semi-annually or annually
- Client may choose to have interest paid by check, credited to a Scottsdale Community Bank account, or invested in the Certificate of Deposit
- Certificates of Deposit are automatically renewed unless otherwise requested
Substantial penalty for early withdrawal
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