Terrabank offers savings plans designed in support of your growing business. As your business grows with affluence, we offer the ability to save and get the added advantage of earning interest with one of our accounts. Make saving for the future more gratifying.
Terrabank is with you every step of the way.
Build funds for future planned and unplanned expenses with our business savings account while taking advantage of competitive interest rates.
Terms & Fees:
Our Business Money Market account allows you to earn interest with competitive rates on your short-term investments. This account will not bind up your funds.
Terrabank offers business CDs with low opening balance and flexible term options designed for business owners with cash reserves that can be held for a specified length of time. Our business CDs offer competitive fixed interest rates.
(1) For additional fees related to these accounts, including those imposed for covering overdrafts created by checks, in-person withdrawals, internal debits and transfers or other electronic means, please refer to our Schedule of Fees and Services. Business must be active and registered within the United States with a valid U.S. taxpayer identification number.
(2) At our discretion, we may change the interest rate and annual percentage yield (APY) on the account at any time. If you close your account before interest is credited, you will not receive the accrued interest. We use the average daily balance method to calculate interest on the account. This method applies a periodic rate to the average daily balance in the account for the period. Interest is compounded and credited monthly. Please contact us for current rates.
(3) Early Penalties apply to Time Deposits.
* Other terms and conditions may apply. For more information, contact us at (305) 448-4898 or firstname.lastname@example.org
REMINDER: Important Changes to Your Terrabank Account
We will be making changes to some bank products and services beginning April 1st, 2022.
To determine if these changes impact you, please see the attached listing with specific changes:
If you are still unsure if this affects you, please contact your Relationship Manager, chat with us at terrabank.com or call us toll-free at 1-855-TERRABK (855-837-7225).
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