BUSINESS SAVINGS & CHECKING RATES
Business Savings Rates
| Effective Date: October 2, 2023 | Interest Rate | APY | Minimum Opening Balance | Minimum Daily Balance to Earn Interest | Interest Compounded | Interest Credited | Earnings Credit |
|---|---|---|---|---|---|---|---|
| Effective Date: October 2, 2023 | |||||||
| Business Membership Account $5.00 - $9,999.99 |
Interest Rate
.05%
|
APY
.05%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$100
|
Interest Compounded
Quarterly
|
Interest Credited
Quarterly
|
Earnings Credit
N/A
|
| $10,000.00 - $24,999.99 |
Interest Rate
.05%
|
APY
.05%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$100
|
Interest Compounded
Quarterly
|
Interest Credited
Quarterly
|
Earnings Credit
N/A
|
| $25,000.00 and greater |
Interest Rate
.05%
|
APY
.05%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$100
|
Interest Compounded
Quarterly
|
Interest Credited
Quarterly
|
Earnings Credit
N/A
|
| Business Rainy Day Savings $100.00 - $9,999.99 |
Interest Rate
.05%
|
APY
.05%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$100
|
Interest Compounded
Quarterly
|
Interest Credited
Quarterly
|
Earnings Credit
N/A
|
| $10,000.00 - $24,999.99 |
Interest Rate
.05%
|
APY
.05%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$100
|
Interest Compounded
Quarterly
|
Interest Credited
Quarterly
|
Earnings Credit
N/A
|
| $25,000.00 and greater |
Interest Rate
.05%
|
APY
.05%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$100
|
Interest Compounded
Quarterly
|
Interest Credited
Quarterly
|
Earnings Credit
N/A
|
| Money Market Plus $0.01 - $1,000.00 |
Interest Rate
1.14%
|
APY
1.15%
|
Minimum Opening Balance
$0.01
|
Minimum Daily Balance to Earn Interest
$0.01
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
Earnings Credit
N/A
|
| $1,000.01 - $5,000.00 |
Interest Rate
1.09%
|
APY
1.10%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$0.01
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
Earnings Credit
N/A
|
| $5,000.01 - $10,000.00 |
Interest Rate
0.80%
|
APY
0.80%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$0.01
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
Earnings Credit
N/A
|
| $10,000.01 - $50,000.00 |
Interest Rate
0.12%
|
APY
0.12%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$0.01
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
Earnings Credit
N/A
|
| $50,000.01- $100,000.00 |
Interest Rate
0.10%
|
APY
0.10%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$0.01
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
Earnings Credit
N/A
|
| $100,000.01 - $250,000.00 |
Interest Rate
0.07%
|
APY
0.07%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$0.01
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
Earnings Credit
N/A
|
| $250,000.01 and greater |
Interest Rate
0.05%
|
APY
0.05%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$0.01
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
Earnings Credit
N/A
|
| Business Choice Money Market $0.00 - $9,999.99 |
Interest Rate
0.10%
|
APY
0.10%
|
Minimum Opening Balance
$0.01
|
Minimum Daily Balance to Earn Interest
$0.01
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
Earnings Credit
N/A
|
| $10,000.00 - $24,999.99 |
Interest Rate
0.85%
|
APY
0.85%
|
Minimum Opening Balance
$0.01
|
Minimum Daily Balance to Earn Interest
$0.01
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
Earnings Credit
N/A
|
| $25,000.00 - $49,999.99 |
Interest Rate
0.95%
|
APY
0.95%
|
Minimum Opening Balance
$0.01
|
Minimum Daily Balance to Earn Interest
$0.01
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
Earnings Credit
N/A
|
| $50,0000.00 - $99,999.99 |
Interest Rate
1.00%
|
APY
1.00%
|
Minimum Opening Balance
$0.01
|
Minimum Daily Balance to Earn Interest
$0.01
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
Earnings Credit
N/A
|
| $100,000.00 and greater |
Interest Rate
1.04%
|
APY
1.05%
|
Minimum Opening Balance
$0.01
|
Minimum Daily Balance to Earn Interest
$0.01
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
Earnings Credit
N/A
|
Business CD Rates
| Effective Date: April 1, 2024 | Interest Rate $500 – $24,999.99 | APY $500- $24,999.99 | Interest Rate $25,000 – $99,999.99 | APY $25,000 – $99,999.99 | Interest Rate >$100,000 | APY >$100,000 | Interest Compounded & Credited |
|---|---|---|---|---|---|---|---|
| Effective Date: April 1, 2024 | |||||||
| 6 Months |
Interest Rate $500 – $24,999.99
1.24%
|
APY $500- $24,999.99
1.25%
|
Interest Rate $25,000 – $99,999.99
1.24%
|
APY $25,000 – $99,999.99
1.25%
|
Interest Rate >$100,000
1.24%
|
APY >$100,000
1.25%
|
Interest Compounded & Credited
Monthly
|
| 12 Months |
Interest Rate $500 – $24,999.99
2.47%
|
APY $500- $24,999.99
2.50%
|
Interest Rate $25,000 – $99,999.99
2.47%
|
APY $25,000 – $99,999.99
2.50%
|
Interest Rate >$100,000
2.47%
|
APY >$100,000
2.50%
|
Interest Compounded & Credited
Monthly
|
| 18 Months |
Interest Rate $500 – $24,999.99
2.57%
|
APY $500- $24,999.99
2.60%
|
Interest Rate $25,000 – $99,999.99
2.57%
|
APY $25,000 – $99,999.99
2.60%
|
Interest Rate >$100,000
2.57%
|
APY >$100,000
2.60%
|
Interest Compounded & Credited
Monthly
|
| 24 Months |
Interest Rate $500 – $24,999.99
2.67%
|
APY $500- $24,999.99
2.70%
|
Interest Rate $25,000 – $99,999.99
2.67%
|
APY $25,000 – $99,999.99
2.70%
|
Interest Rate >$100,000
2.67%
|
APY >$100,000
2.70%
|
Interest Compounded & Credited
Monthly
|
| 36 Months |
Interest Rate $500 – $24,999.99
2.76%
|
APY $500- $24,999.99
2.80%
|
Interest Rate $25,000 – $99,999.99
2.76%
|
APY $25,000 – $99,999.99
2.80%
|
Interest Rate >$100,000
2.76%
|
APY >$100,000
2.80%
|
Interest Compounded & Credited
Monthly
|
| 48 Months |
Interest Rate $500 – $24,999.99
2.86%
|
APY $500- $24,999.99
2.90%
|
Interest Rate $25,000 – $99,999.99
2.86%
|
APY $25,000 – $99,999.99
2.90%
|
Interest Rate >$100,000
2.86%
|
APY >$100,000
2.90%
|
Interest Compounded & Credited
Monthly
|
| 60 Months |
Interest Rate $500 – $24,999.99
2.96%
|
APY $500- $24,999.99
3.00%
|
Interest Rate $25,000 – $99,999.99
2.96%
|
APY $25,000 – $99,999.99
3.00%
|
Interest Rate >$100,000
2.96%
|
APY >$100,000
3.00%
|
Interest Compounded & Credited
Monthly
|
| Flex 12 (Consumer, IRA, & Business) 12 Months |
Interest Rate $500 – $24,999.99
5.48%
|
APY $500- $24,999.99
5.62%
|
Interest Rate $25,000 – $99,999.99
N/A
|
APY $25,000 – $99,999.99
N/A
|
Interest Rate >$100,000
N/A
|
APY >$100,000
N/A
|
Interest Compounded & Credited
Monthly
|
Business Checking Rates
| Effective Date: October 2, 2023 | Interest Rate | APY | Minimum Opening Balance | Minimum Daily Balance to Earn Interest | Interest Compounded | Interest Credited | Earnings Credit |
|---|---|---|---|---|---|---|---|
| Effective Date: October 2, 2023 | |||||||
| Simply Free Business Checking |
Interest Rate
N/A
|
APY
N/A
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$0
|
Interest Compounded
N/A
|
Interest Credited
N/A
|
Earnings Credit
N/A
|
| Premier Interest Business Checking $ .00 - $1,499.99 |
Interest Rate
0.05%
|
APY
0.05%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$2,500
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
Earnings Credit
N/A
|
| $1,500.00 - $24,999.99 |
Interest Rate
0.07%
|
APY
0.07%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$2,500
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
Earnings Credit
N/A
|
| $25,000.00 - $49,999.99 |
Interest Rate
0.09%
|
APY
0.09%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$2,500
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
Earnings Credit
N/A
|
| $50,000.00 - $99,999.99 |
Interest Rate
0.11%
|
APY
0.11%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$2,500
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
Earnings Credit
N/A
|
| $100,000.00 and greater |
Interest Rate
1.04%
|
APY
1.05%
|
Minimum Opening Balance
$0.01
|
Minimum Daily Balance to Earn Interest
$0.01
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
Earnings Credit
N/A
|
| Commercial Checking |
Interest Rate
N/A
|
APY
N/A
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
N/A
|
Interest Compounded
N/A
|
Interest Credited
N/A
|
Earnings Credit
0.50%
|
Cannabis Business Savings & Checking Rates
| Effective Date: October 2, 2023 | Interest Rate | APY | Minimum Opening Balance | Minimum Daily Balance to Earn Interest | Interest Compounded | Interest Credited |
|---|---|---|---|---|---|---|
| Effective Date: October 2, 2023 | ||||||
| Cannabis Business Membership Account $5.00 - $9,999.99 |
Interest Rate
0.05%
|
APY
0.05%
|
Minimum Opening Balance
$5
|
Minimum Daily Balance to Earn Interest
$100
|
Interest Compounded
Quarterly
|
Interest Credited
Quarterly
|
| $10,000 - $24,999.99 |
Interest Rate
0.05%
|
APY
0.05%
|
Minimum Opening Balance
$5
|
Minimum Daily Balance to Earn Interest
$100
|
Interest Compounded
Quarterly
|
Interest Credited
Quarterly
|
| $25,000.00 and Greater |
Interest Rate
0.05%
|
APY
0.05%
|
Minimum Opening Balance
$5
|
Minimum Daily Balance to Earn Interest
$100
|
Interest Compounded
Quarterly
|
Interest Credited
Quarterly
|
| Cannabis Business Money Market $25,000.00 - $49,999.99 |
Interest Rate
0.95%
|
APY
0.95%
|
Minimum Opening Balance
$25,000.00
|
Minimum Daily Balance to Earn Interest
$25,000.00
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
| $50,000.00 - $99,999.99 |
Interest Rate
1.00%
|
APY
1.00%
|
Minimum Opening Balance
$25,000.00
|
Minimum Daily Balance to Earn Interest
$25,000.00
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
| $100,000.00 and Greater |
Interest Rate
1.04%
|
APY
1.04%
|
Minimum Opening Balance
$25,000.00
|
Minimum Daily Balance to Earn Interest
$25,000.00
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
| Cannabis Premier Interest Checking $.00 - $1,499.99 |
Interest Rate
0.05%
|
APY
0.05%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$2,500
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
| $1,500.00 - $24,999.99 |
Interest Rate
0.07%
|
APY
0.07%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$2,500
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
| $25,000.00 - $49,999.99 |
Interest Rate
0.09%
|
APY
0.09%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$2,500
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
| $50,000 - $99,999.99 |
Interest Rate
0.11%
|
APY
0.11%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$2,500
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
| $100,000 and Greater |
Interest Rate
0.14%
|
APY
0.14%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$2,500
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
Our Cannabis Business Banking Services
- Business Checking Accounts: Manage your daily transactions with ease and efficiency.
- Cash Management Services: Efficient and secure handling of cash flow is critical in the cannabis industry. We've got you covered.
- Expert Guidance: Our team is here to provide support and advice on the best financial practices for your cannabis business.
- State-of-the-art Digital Banking: Access your finances anytime, anywhere.
- Business Savings: Earn more on your savings.