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Business Rates

Rates Effective May 17, 2024

Interest rates are subject to change without notice.
Fees may reduce earnings.

Business Checking Accounts

TYPE OF ACCOUNTMINIMUM OPENING DEPOSIT REQUIREDMINIMUM BALANCE TO OBTAIN ANNUAL PERCENTAGE YIELDANNUAL PERCENTAGE YIELDINTEREST RATE
Easy Business Checking$100.00N/AN/AN/A
Business Checking$100.00N/AN/AN/A
Business NOW Checking$100.00$1,5000.05%0.04%
Business NOW Tier 1$25,000.00$25,000.00 - $49,999.990.05%0.04%
Business NOW Tier 2$25,000.00$50,000.00 - $149,999.990.10%0.09%
Business NOW Tier 3$25,000.00$150,000.00 and over0.15%0.14%

Business Money Market Accounts

TYPE OF ACCOUNTMINIMUM OPENING DEPOSIT REQUIREDMINIMUM BALANCE TO OBTAIN ANNUAL PERCENTAGE YIELDANNUAL PERCENTAGE YIELDINTEREST RATE
Money Market Tier 1$2,500.00$2,500.00 - $24,999.990.05%0.04%
Money Market Tier 2$2,500.00$25,000.00 - $49,999.990.10%0.09%
Money Market Tier 3$2,500.00$50,000.00 - $249,999.990.15%0.14%
Money Market Tier 4$2,500.00$250,000.00 and over0.50%0.49%

Direct Investment Money Market Account*

TYPE OF ACCOUNTMINIMUM OPENING DEPOSIT REQUIREDMINIMUM BALANCE TO OBTAIN ANNUAL PERCENTAGE YIELDANNUAL PERCENTAGE YIELDINTEREST RATE
DIMMA Tier 1$50,000.00$0.00-$49,999.990.10%0.09%
DIMMA Tier 2$50,000.00$50,000.00 - $249,999.990.15%0.14%
DIMMA Tier 3$50,000.00$250,000.00 - $499,999.990.50%0.49%
DIMMA Tier 4$50,000.00$500,000.00 and over1.00%0.99%

*Must be opened with Direct Investment Checking Account

Certificate of Deposit Accounts for Businesses

Penalties will or may be imposed for early withdrawals

TYPE OF ACCOUNTMINIMUM OPENING DEPOSIT REQUIREDMINIMUM BALANCE TO OBTAIN ANNUAL PERCENTAGE YIELDANNUAL PERCENTAGE YIELDINTEREST RATE
12 Month$500.00$500.003.75%3.68%
15 Month*$500.00$500.004.00%3.92%
18 Month$500.00$500.000.30%0.29%
Bump Up 20 Month CD**$500.00$500.004.15%4.07%
24 Month$500.00$500.000.35%0.34%
36 Month$500.00$500.000.50%0.49%
60 Month$2,500.00$2,500.000.60%0.59%

*This account will automatically renew at maturity into a fixed rate twelve (12) month certificate of deposit at the current interest rate in effect on the maturity date.
**Interest rate can be increased once during the initial term of the account to the interest rate then in effect on the Bump Up 20 Month CD.  This account will automatically renew at maturity into a fixed rate twenty four (24) month certificate of deposit at the current interest rate in effect on the maturity date.

Business Savings Accounts

TYPE OF ACCOUNTMINIMUM OPENING DEPOSIT REQUIREDMINIMUM BALANCE TO OBTAIN ANNUAL PERCENTAGE YIELDANNUAL PERCENTAGE YIELDINTEREST RATE
Business Statement Savings$100.00$200.000.05%0.04%
High Yield Savings Tier 1$1,000.00$1,000.00-$49,999.990.10%0.09%
High Yield Savings Tier 2$1,000.00$50,000.00 and over0.50%0.49%

Interest rates are subject to change without notice.

Business Checking and Money Market

Important Notice

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Connecticut Community Bank will be closed on Monday, May 27th in observance of Memorial Day.

Join us in June for two SBA Lending events to learn more about SBA lending and how it can help your company grow. Click here for more information.
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