As a successful business owner, you may find that your business is holding excess funds in a traditional savings or money market account. While this is acceptable, your rainy day fund could be earning additional revenue that can then be used to help your business flourish. At Camp Grove State Bank, we can help you determine if a Certificate of Deposit is the right investment for your business and assist you in seeing the advantages for you.
Variety of Terms
Our Certificates of Deposit have a variety of terms and we can help you choose the term that fits your needs. Finding the perfect fit for your business is where we come in. You may only need a 3 or 6 month term in order to have your funds available for an upcoming project. Or, you may not need your excess funds for a longer period of time such as 1-5 years. If this is the case, your interest rate will increase as your term and balance increases. This decision will maximize your return and you’ll see revenue generation on funds not ear-marked for specific business needs.
A minimum opening deposit of $1000 is required to get started and your payout can be directly deposited into your business checking or savings account monthly or paid at maturity.
Disclosure: Withdrawing your CD funds prior to its term does result in a penalty.
Camp Grove State Bank is your banking partner in business. We understand the desire of a business owner to grow their business and their wealth and we have the knowledge to help you do just that. If you’re ready to discuss how your current excess funds could be generating additional revenue, contact us and we’ll find the right solution for you.
Let's Find Your Business the Best Fit!
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