If your business won’t need access to a pool of money for a while, consider a Certificate of Deposit. CDs typically pay the highest rate of interest on deposit accounts. Our CDs are designed around your business with a variety of terms and rates based on what works best for your company.
Most CDs require only $500 to open, however, there is a substantial penalty for early withdrawal.
At Citizens Bank we also can offer additional benefit of our Certificate of Deposit Account Registry Service (CDARS). It guarantees that your entire deposit, up to $50 million, is eligible for FDIC protection.