Business Savings &
Business savings and Certificate of Deposit (CD) accounts are low-risk options for businesses to store cash, earn interest, and build a financial cushion. They differ primarily in how your money is accessed and the interest rates they offer. At Gateway Bank, we understand the unique financial needs of your business. Our savings and certificate of deposit accounts offer secure, interest-earning solutions designed to help your capital work harder—so you can focus on growing your enterprise.
Statement of
Business Savings
A business savings account functions similarly to a personal savings account, allowing you to save money while earning interest.
Liquidity
Easier access to your funds, making them suitable for holding emergency funds or excess operating cash.
Interest earnings
Funds in a business savings earn interest.
Flexibility
There is no fixed term for your deposit, so you can add or withdraw money as needed.
Separation of Funds
Keeps business finances separate from personal accounts, which simplifies accounting and tax preparation.
Certificate of Deposit (CD)
A business CD is a time deposit account where you agree to keep your money untouched for a fixed term in exchange for a higher, fixed interest rate.
Guaranteed returns:
The interest rate is fixed for the entire term, guaranteeing a predictable return on your investment.
Higher interest rates:
Business CDs generally offer higher interest rates than savings accounts, especially for longer terms.
Security:
Like other bank accounts, business CDs are FDIC-insured up to $250,000 per depositor.
Account Terms and Features
Statement Business Savings
- Minimum balance to open of $500
- Maintain a minimum daily balance of $500.00 to avoid fees*
- Competitive interest rate
Certificate of Deposit
- Minimum balance to open of $500
- Flexible terms
- Competitive interest rates
Rates, Early Withdrawal Penalty and Other Restrictions
Please contact our branch representative for more information, including current interest rates, fees, and restrictions for our business certificate of deposit account.
Apply for a business Savings or Certificate of Deposit today!
Visit a Gateway Bank branch, at one of our two locations, and speak with one of our representatives to obtain the details. There are a lot of good reasons to open a savings or CD with us. Not only is your account FDIC insured, but the interest in your account will grow with our competitive interest rates. Our Statement Business Savings provides convenient access to capital, making it ideal for emergency reserves or surplus operating funds. Customize your business CD to match your financial strategy—choose the term and time your maturity date to coincide with major business or personal events.