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Businesses can earn more for their operations by depositing your money into a Plaza Park Bank Certificate of Deposit. Whether you are looking for short-term or long-term gains, Plaza Park Bank has the options to suit your savings needs or diversify the overall risk in your portfolio. Certificate of Deposit is an excellent way to invest for your business' future.
Why Businesses Choose a CD:
- Store cash for short to intermediate term investing
- Low risk
- Come in a variety of sizes
A Plaza Park Bank CD provides businesses a low-risk way to invest while earning a higher interest* rate. Here are the details:
- Competitive Interest* Rates
- Terms are available from 91 days to 4 years
- Can be used as collateral for loans
*Interest rates are subject to change at the bank’s discretion. Current rates and additional information are available by calling 320.252.4200.
What is a Business CD? Certificates of Deposit, commonly called CDs, are bank issued interest-bearing deposits that are FDIC-insured. They typically earn a higher interest than other savings accounts. They do pose a penalty if you make an early withdrawal. When you purchase a CD, you invest a fixed sum of money for a fixed period of time and, in exchange, receive interest in regular intervals.