As a business owner, you understand the importance of managing your finances wisely and maximizing the return on your investments. That’s why we are here to tell you about the benefits of opening a Business Certificate of Deposit (CD) account.
A Business CD account is a financial product that allows you to deposit a sum of money for a set period of time, known as the “term.” During this period, your funds earn interest at a fixed rate, higher than the interest rates offered by regular business savings accounts. Moreover, at Banesco USA, your Business CD account is federally insured, which means your money is safe and secure.
Business CD accounts are an excellent option for business owners looking to maximize their rate of returns. By depositing a lump sum of money for a predetermined term, you can enjoy higher interest rates and guaranteed returns, making it a low-risk investment option.
Great question! While Business Savings and Business Money Market accounts can be excellent options for businesses looking to save money and earn interest, Business CD accounts have a few distinct advantages over other deposit products that make them worth considering:
Banesco USA offers competitive rates on their Business CD accounts, with a variety of terms ranging from 6 months to 36 months. To earn the Annual Percentage Yield (APY), you can open a Business CD account for as little as $1,500, making it an accessible investment option for businesses of all sizes.
One of the benefits of opening a Business CD account with Banesco USA is that your money is secured by the FDIC , up to the maximum allowed by law. This means your investment is safe and protected, providing peace of mind as you watch your money grow with the interest rates offered.
For more information on our Business Cd Rates, check out our page.
We hope we provided valuable information on how these high-yield CDs can help you meet your savings goals.
With a wide range of options, including our one-year and six-month CDs, Banesco USA is the FDIC-insured bank you can trust to provide secure and reliable short-term CDs for your business.
At Banesco USA, we understand the importance of finding the right savings plan to meet your goals. That’s why we offer a wide range of high-yield CDs, with a variety of terms, that are FDIC-insured for your peace of mind.
By opening a Business CD account with Banesco USA, you can take advantage of our competitive interest rates, guaranteed returns, and the flexibility to choose a term that works best for your short-term savings goals. Plus, with our convenient online banking services, you can manage your account from anywhere, at any time.
If you’re looking for an alternative to traditional savings accounts, or want to earn a higher return on your business’s excess funds, Banesco USA’s Business Certificate of Deposit accounts can be an excellent option. So why wait? Open your account today and start saving for your business’s future. Our team is always here to help you along the way.