Business Savings, Money Market & Time Deposits (1)

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.

Business Savings

Build funds for future planned and unplanned expenses with our business savings account while taking advantage of competitive interest rates.

Features:

  • Tiered Interest Rate (2)
  • Access to funds in person and thru Wire Transfers
  • Online Banking
  • Cash Management Services
  • Mobile Deposit
  • eStatements

Refer to our Deposit Account Information Brochure for Terms and fees

Business Money Market

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.

Features:

  • Tiered Interest Rate (2)
  • Access to funds thru checks, and Wire Transfers
  • Online Bankin
  • Cash Management Services
  • Mobile Deposit
  • eStatements

Refer to our Deposit Account Information Brochure for Terms and fees

Business Time Deposit (3)

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.

Features:

  • Fixed Interest Rate (2)
  • Terms of 30 days to 5 years
  • Online Banking

Refer to our Deposit Account Information Brochure for Terms and fees

(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 questions@terrabank.com