Certificates of Deposit
Put your excess capital to work for you and your company! Colonial American Bank offers Business Certificates of Deposit (CD's) which are bank issued interest earning deposits that are insured up to legal limits for balances beginning at $500 and up, and for fixed terms starting at three months up to 5 years. CD’s generally earn a higher rate of interest than other savings products, and you cannot withdraw funds from a CD prior to maturity without an interest penalty.
- Lock in to a higher rate and increase your earnings potential
- Competitive Rates
- Terms of 3 months to 5 years
- Low minimum opening balance requirement of $500
- Interest rate fixed for the term of the certificate
- Interest compounded daily and posted monthly
All Deposits are FDIC insured up to at least $250,000.00.