Business Deposit Rates

Checking Rates

Capital Checking

Interest Rate

0.01%

APY2

0.01%

Minimum Balance to Earn APY

$10

Monthly Maintenance Charge4

$10

Disclosures

2 APY – Annual Percentage Yield. APYs stated are accurate as of November 30, 2024. Rates may change without notice and may change after the account is opened. Interest is compounded daily and credited monthly. You must maintain the minimum balance daily to earn the stated APY. Fees could reduce earnings. See Business Schedule of Fees for product and service fee information.
4 Monthly maintenance charge easily waived with $25,000 daily balance minimum or $50,000 in related deposit or loan balances.

Not for Profit Checking

Interest Rate

0.15%

APY2

0.15%

Minimum Balance to Earn APY

$10

Monthly Maintenance Charge

$0

Disclosures

2 APY – Annual Percentage Yield. APYs stated are accurate as of November 30, 2024. Rates may change without notice and may change after the account is opened. Interest is compounded daily and credited monthly. You must maintain the minimum balance daily to earn the stated APY. Fees could reduce earnings. See Business Schedule of Fees for product and service fee information.

IOLTA

Interest Rate

0.30%

APY2

0.30%

Minimum Balance to Earn APY

$10

Monthly Maintenance Charge

$0

Disclosures

2 APY – Annual Percentage Yield. APYs stated are accurate as of November 30, 2024. Rates may change without notice and may change after the account is opened. Interest is compounded daily and credited monthly. You must maintain the minimum balance daily to earn the stated APY. Fees could reduce earnings. See Business Schedule of Fees for product and service fee information.

Savings Rates

Business APEX Money Market

$10 - $99,999.99

Interest Rate

2.47%

APY2

2.50%

Minimum Balance to Earn APY

$10

Monthly Maintenance Charge

$0

$100,000 - $499,999.99

Interest Rate

2.71%

APY2

2.75%

Minimum Balance to Earn APY<

$100,000

Monthly Maintenance Charge

$0

$500,000 + above

Interest Rate

3.20%

APY2

3.25%

Minimum Balance to Earn APY

$500,000

Monthly Maintenance Charge

$0

Disclosures

2 APY – Annual Percentage Yield. APYs stated are accurate as of November 30, 2024. This is a tiered account. Stated APY for each tier will apply to the entire balance in your account. Tier levels and APYs are subject to change without notice. Interest is compounded daily and credited monthly. Customer must maintain the minimum balance daily to earn the stated APY. Fees could reduce earnings. Business checking account is required. E-statements required to avoid a $3.00 paper statement fee. See Business Schedule of Fees for product and service fee information.

Commercial Money Market

$10 - $99,999.99

Interest Rate

0.01%

APY2

0.01%

Minimum Balance to Earn APY

$10

Monthly Maintenance Charge4

$20

$100,000 - $499,999.99

Interest Rate

0.20%

APY2

0.20%

Minimum Balance to Earn APY

$100,000

Monthly Maintenance Charge

$0

$500,000 + above

Interest Rate

0.35%

APY2

0.35%

Minimum Balance to Earn APY

$500,000

Monthly Maintenance Charge

$0

Disclosures

2 APY – Annual Percentage Yield. APYs stated are accurate as of November 30, 2024. This is a tiered account. Stated APY for each tier will apply to the entire balance in your account. Tier levels and APYs are subject to change without notice. Interest is compounded daily and credited monthly. Customer must maintain the minimum balance daily to earn the stated APY. Fees could reduce earnings. See Business Schedule of Fees for product and service fee information.
4 Monthly maintenance charge easily waived with $10,000 daily balance minimum.

Municipal Money Market

Interest Rate

2.71%

APY2

2.75%

Minimum Balance to Earn APY

$10

Monthly Maintenance Charge4

$20

Disclosures

2 APY – Annual Percentage Yield. APYs stated are accurate as of November 30, 2024. Rates may change without notice and may change after the account is opened. Interest is compounded daily and credited monthly. You must maintain the minimum balance daily to earn the stated APY. Fees could reduce earnings. See Business Schedule of Fees for product and service fee information.
4 Monthly maintenance charge easily waived with $10,000 daily balance minimum.

Business Savings

Interest Rate

0.01%

APY2

0.01%

Minimum Balance to Earn APY

$10

Monthly Maintenance Charge4

$5

Disclosures

2 APY – Annual Percentage Yield. APYs stated are accurate as of November 30, 2024. Rates may change without notice and may change after the account is opened. Interest is compounded daily and credited monthly. You must maintain the minimum balance daily to earn the stated APY. Fees could reduce earnings. See Business Schedule of Fees for product and service fee information.
4 Monthly maintenance charge easily waived with $500 daily balance minimum.

Not for Profit Savings

Interest Rate

2.47%

APY2

2.50%

Minimum Balance to Earn APY

$10

Monthly Maintenance Charge4

$5

Disclosures

2 APY – Annual Percentage Yield. APYs stated are accurate as of November 30, 2024. Rates may change without notice and may change after the account is opened. Interest is compounded daily and credited monthly. You must maintain the minimum balance daily to earn the stated APY. Fees could reduce earnings. See Business Schedule of Fees for product and service fee information.
4 Monthly maintenance charge easily waived with $500 daily balance minimum.

Certificate of Deposit

Certificates of Deposit

3 Month

Interest Rate

0.10%

APY2

0.10%

Minimum Balance to Earn APY

$500

Monthly Maintenance Charge

$0

6 Month

Interest Rate

0.15%

APY2

0.15%

Minimum Balance to Earn APY

$500

Monthly Maintenance Charge

$0

12 Month

Interest Rate

0.20%

APY2

0.20%

Minimum Balance to Earn APY

$500

Monthly Maintenance Charge

$0

18 Month

Interest Rate

0.25%

APY2

0.25%

Minimum Balance to Earn APY

$500

Monthly Maintenance Charge

$0

24 Month

Interest Rate

2.96%

APY2

3.00%

Minimum Balance to Earn APY

$500

Monthly Maintenance Charge

$0

36 Month

Interest Rate

3.10%

APY2

3.15%

Minimum Balance to Earn APY

$500

Monthly Maintenance Charge

$0

48 Month

Interest Rate

3.20%

APY2

3.25%

Minimum Balance to Earn APY

$500

Monthly Maintenance Charge

$0

60 Month

Interest Rate

3.30%

APY2

3.35%

Minimum Balance to Earn APY

$500

Monthly Maintenance Charge

$0

Disclosures

2 APY – Annual Percentage Yield. APYs stated are accurate as of November 30, 2024. Rates are fixed and in effect for the initial term of the account. Interest is compounded daily and credited monthly. Stated APYs are based on the assumption that interest will remain on deposit until maturity. An interest penalty may be imposed for early withdrawals for time deposits and IRAs. Fees may reduce earnings. See Personal Schedule of Fees and Business Schedule of Fees for product and service fee information.

Download Current Rates

The latest consumer, business and time deposit rates in a downloadable PDF.

Download Current Rates (PDF)

Connect with a business banker

Renee Messier

SVP, Cash Management

413-354-0328
Email

Kim Marion

VP, Business Development & Branch Manager

413-707-3077
Email

Hector Toledo

VP, Commercial Lending

413-707-3082
Email