Business Savings & CDs

Business Savings

Preferred Bank's Business Savings is an interest-bearing savings account available to businesses of all sizes for their savings needs.  A monthly service fee can be avoided by keeping the minimum balance.  A total of six (6) withdrawals are allowed each month and $1 for each withdrawal in excess of the maximum.

  • $200 minimum opening deposit
  • If the daily ledger balance falls below $200.00, the account is subject to a monthly service charge of $3.00. An excessive withdrawal fee of $1.00 will be imposed for each transaction that exceeds the monthly account transaction limitations and your account may be closed. Please refer to Preferred Bank’s Deposit Agreement and Disclosure for details pertaining to transaction limitations
  • Interest rates – contact your local branch for interest rates
  • Business Visa Debit Card linked to a PB Business Checking Account
  • PBnet Business Online Banking
  • eStatements

Business Money Market Account

Preferred Bank's Business Money Market account is available to businesses that want to earn a rate of interest, yet still keep their funds liquid.  The account offers a tiered interest rate that allows you to earn higher interest rates for larger balances.  The monthly service charges can be waived by keeping the minimum balance.  A total of six (6) third party withdrawals/debits can be made each month, a transaction fee of $10 per withdrawal/debit in excess of the maximum will be charged. 

  • $2,500 minimum opening balance
  • If the daily ledger balance falls below $2,500.00, the account is subject to a monthly service charge of $10.00. An excessive withdrawal fee of $10.00 will be imposed for each paid item that exceeds the account transaction limitations and your account may be closed. Please refer to Preferred Bank’s Deposit Agreement and Disclosure for details pertaining to transaction limitations
  • Tiered Interest Rates – contact your local branch for interest rates
  • Business Visa Debit Card linked to a PB Business Checking Account
  • PBnet Business Online Banking
  • eStatements

Business Certificate of Deposit Account

Preferred Bank's Business Certificate of Deposit Account offers interest rates with flexible terms to give you a return on your investment.  Your interest rate is fixed for the entire term of the account giving you an income stream.  Our CD accounts earn simple interest that can be disbursed by check, transfer to another Preferred Bank Business transaction account or by contacting our local branch.

  • $1,000 minimum opening balance
  • Simple interest
  • No monthly service charge. Early withdrawal penalties apply. See the Deposit Agreement and Disclosure for details
  • Flexible terms of 14 days to 2 years
  • Two interest tiers available
  • Interest rates – contact your local branch for CD rates
  • Interest disbursed via check, transfer to PB Business transaction account or credited to CD at maturity1
  • Penalty for early withdrawal – see Deposit Agreement and Disclosure for details
  • PBnet Business Online Banking
  • eStatements

 

1 Certificate accounts with maturities of more than 1 year must have interest paid out at least annually