Our offices and administrative headquarters will be closed on Monday, February 17 in observance of the Presidents Day holiday. We will re-open on Tuesday, February 18. ATMs and online banking are always available 24/7.
Certificates of Deposit
Why a Business may want to invest in CDs
Certificates of Deposit can provide a simple way for small and medium-sized businesses to invest their earnings. They can also be a method to strengthen an organization’s overall financial portfolio with collateral which can help with future lending opportunities.
CDs are easy to set up, have a low minimum startup amount, and are relatively low-risk with fixed, predictable returns. While interest earned may be less than other investment vehicles, CDs usually yield more than business savings or money markets. CDs are considered “time deposits,” which means the funds are not accessible until the agreed-upon term is over, so it’s important to plan out the goals of your business and choose the terms that work best with your cash flow needs.
Business Certificates of Deposit
At York Traditions Bank, we offer Certificates of Deposit to fit your business needs with terms starting at 7 days up to 5 years and a minimum amount of $500.
Note: Special Rate CDs may have different terms and conditions. Please contact one of our branches for more details.