Business Certificates of Deposit

A Certificate of Deposit Account or CD at Baytree is designed to give you a higher rate of return in exchange for a time commitment (term) on your deposit.

The minimum amount to open this product is $1,000.   Principal deposit amounts over $100,000 are considered to be "jumbo" certificates and receive a higher rate.

Certificate of Deposit Accounts will automatically renew at maturity, unless you have requested otherwise.   If you have told us to not renew your CD, it will not earn interest after maturity.

The early penalty of withdrawal applicable to your CD account is based on the term of the CD. The penalty is not based upon the days left until maturity. If the CD term is one year or less the early withdrawal penalty will equal 3 months interest on the amount withdrawn. For a CD with a term greater than one year the early withdrawal penalty will equal 6 months interest on the amount withdrawn.

Your banker can help you decide which term is best for you in accordance with your needs.

Certificate of Deposit Accounts will automatically renew at maturity, unless you have requested otherwise. If you have told us to not renew your CD, it will not earn interest after maturity. There is a 10 day grace period during which time you may withdrawal all or part of the CD balance before renewal.

Please click here for current rates.