Business Savings

City First Interest-Earning Business Accounts  In addition to selecting from an array of checking accounts, your business can benefit from several interest-earning account opportunities.

Business Money Market Account With a minimum deposit of $1000, your City First Business Money Market account offers the benefits of an interest-earning account with the ability perform up to six transactions a month (number of transactions limited by regulation). Modest monthly service charges apply only if your balance falls below $1,000 a month.

Business Savings Account With a Business Savings account, you’ll earn a competitive rate on minimum deposits as low as $100, with the ability to make up to six transfers a month (number of transfers limited by regulation).

Certificates of Deposit Want to set aside excess funds while making your money grow for you?  City First Certificates of Deposit can start your business saving for the short and long term with a minimum to open of just $500.


 
  Business Money Market Account
Minimum to Open $1,000
Monthly Service Charge $8 monthly service charge if the account balance falls below the required minimum.
Minimum Balance Requirement $1,000
Account Rate and Limitations Our business savings account enjoys a competitive rate and, by regulation, is limited to six transfers a month.*
 
 
  Business Savings Account
Minimum to Open $500
Monthly Service Charge $2 monthly service charge if the account balance falls below the required minimum.
Minimum Balance Requirement $100
Account Rate and Limitations Our business savings account enjoys a competitive rate and, by regulation, is limited to six transfers a month.*
 
 
Certificate of Deposit
Account Type Minimum to Open CD Term and Rate
Regular CD $500 From 3 months to 5 years*
Jumbo CD $100,000 From 3 months to 5 years*

* For more information, or to request a copy of our Truth in Savings Act Disclosure, please click here.

NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS

By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.

For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit http://www.fdic.gov/deposit/deposits/unlimited/expiration.html

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