Business Savings & CDs

Business Savings

Preferred Bank's Business Savings is an interest-bearing savings account available to businesses of all sizes for their everyday 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
  • $200 balance to avoid service charges
  • $3 per month if minimum balance not maintained
  • Competitive interest rate – contact your local branch for interest rates
  • Business Visa Debit Card linked to a PB Business Checking Account2
  • PBnet Business Online Banking
  • eStatements

Business Money Market Account

Preferred Bank's Business Money Market account is available to businesses who want to earn a high 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.  Remember, you can access your account in person at any one of our convenient branches for unlimited withdrawals at no charge.

  • $2,500 minimum opening balance
  • $2,500 balance to avoid service charges
  • $10 per month if minimum balance is not maintained
  • Tiered Interest Rate – contact your local branch for interest rates
  • Business Visa Debit Card linked to a PB Business Checking Account2
  • PBnet Business Online Banking
  • eStatements
  • Check Safekeeping

Business Certificate of Deposit Account

Preferred Bank's Business Certificate of Deposit Account combines competitive 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 you can count on.  Our CD accounts earn simple interest that can be disbursed to you in a variety of methods including by check or transfer to another Preferred Bank Business transaction account.

  • $1,000 minimum opening balance
  • Simple interest
  • No monthly service fee
  • Flexible terms of 14 days to 2 years
  • Two interest tiers available
  • Competitive 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 Understanding Your Deposit Account 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

2 Qualifying relationship required