Business Ultimate Certificate of Deposit (Ultimate CD)
Our Ultimate CD1 combines the earning power of a traditional certificate of deposit (guaranteed competitive return) with the flexibility of a savings account. It has high-yield tiered interest rates (subject to change at the Bank's discretion) and no set maturity date.
You have the flexibility to make deposits to your account at any time, as well as one no-fee withdrawal within the first five business days after each quarterly interest payment.
You can start an Ultimate CD with a minimum opening deposit of $1,000, and earn high market-linked interest rates as long as you maintain a minimum balance of $1,000 or more. See how our Ultimate CD can add up for your business.
|Minimum Opening Deposit||$1,000.00|
|Monthly Maintenance Fee||none|
|Withdrawals||One no-fee withdrawal within the first five (5) business days of each calendar quarter2|
|Cash Usage||Unlimited cash deposits|
|Transaction Fees||$50.00 for each withdrawal in excess of one (1) per calendar quarter3|
1. The Ultimate CD is not a time deposit or certificate of deposit as described in the Deposit Agreement, but is categorized as a money market account.
2. Each withdrawal processed after the first five (5) business days of each calendar quarter will be assessed an early withdrawal fee of 0.5% of the amount withdrawn. Total of early withdrawal fees assessed within each quarter will not exceed total interest paid for the quarter. Early withdrawal fees are in addition to excessive transaction fees.
3. Each withdrawal in excess of one (1) per calendar quarter will be assessed a $50.00 excessive transaction fee. Excessive transaction fees are in addition to early withdrawal fees.
To learn more about how Nevada State Bank's Business CDs can work for your business, call us today at 800-727-4743, or contact your local Nevada State Bank relationship manager.