Certificates of Deposit
Keep the guesswork far away from your business saving goals with the help of a fixed-rate CD from Legence Bank. With set rates that don't fluctuate, CDs provide more guarantee than other risky investments.
And with higher interest than regular savings that increases with the length of the term, CDs are a great way to add a solid footing for exact savings. Choose from our terms ranging from 1-5 years, for the one that gets you closest to your goals today.
- Fixed interest rates for guaranteed savings
- Rates higher than regular savings
- Rates increase with the length of the term
- Interest accrues daily and is compounded and credited monthly
- Select the maturity date that works best for you
- Wide range of terms from 1 month to 5 years
- May be used as collateral for a loan
- Subject to penalty for early withdrawal
- Automatic renewal at the previous rate and term if funds are not withdrawn within 10-day grace period/ 10 days of maturity
- CDARS available for deposits over $250,000
- $1,000 minimum deposit to open on terms of one year or less
- $500 minimum deposit to open on terms of 18 months and above
- FDIC insured up to $250,000
Rather than managing larger funds between multiple banking relationships, Legence Bank handles it for your business. CDARS provide full FDIC coverage on savings over $250,000 without adding on extra workload. On your end, you'll receive one interest rate, one regular statement, one year-end tax form, and one banking relationship—allowing you to focus on all your other business needs.
- Earn CD-level rates; higher than regular savings or some other investment options
- Greater security; multi-million dollar FDIC insurance coverage
- Convenience; everything is managed by us:
- You earn one interest rate
- You receive one regular statement
- You receive one year-end tax form
- Community investment; help support lending opportunities in your local community
- Flexible maturity periods available
To learn more about the easiest, most convenient way to protect your large deposits, contact a Legence Bank customer service representative at (800)360-8044.