Money Market Accounts


CDB Business Money Market

CDB Money Market

* The interest rate and annual percentage yield may change at any time and will be determined at our discretion.
Interest begins to accrue no later than the business day when the Bank receives credit for the deposit, usually the first business day after the banking day on which the deposit is received. Interest will be compounded monthly and will be credited to the account monthly. If you close your account before interest is credited, you will receive interest accrued to date of closing.
**We use the daily balance method to calculate the interest on the account. This method applies a periodic rate to the collected daily balance in the account for each day. This periodic rate paid is based upon the collected balance in the account and can change daily on rate accounts as detailed in the Rate Chart. You must maintain a minimum balance of $25,000.00 in the account each day to obtain the disclosed annual percentage yield. If your account drops below the $25,000.00 minimum balance you may be charged a service charge of $10.00 a month. Must maintain a $25,000.00 minimum balance to avoid a service charge.

Go To Top