Business CDs
Idaho Central Business Certificates of Deposit (CDs) pay you a fixed rate of return with a variety of terms available. They're the perfect choice for risk-free saving for your business and you can invest as little as $500. Funds in all Idaho Central accounts are federally insured up to $250,000.
- Guaranteed savings rate for your business
- Terms ranging from 90 days to 5 years
- 10-day renewal grace period
- One-time deposit in the first 60 days
| Term | APY* | Interest Rate | Initial Deposit |
|---|---|---|---|
| 6 Month Promo CD | 0.300% | 0.300% | $500 |
| 12 Month Promo CD | 0.450% | 0.449% | $500 |
| 24 Month Promo CD | 0.550% | 0.548% | $500 |
| 60 Month Promo CD | 0.850% | 0.847% | $500 |
| 3 Month CD | 0.050% | 0.050% | $500 |
| 6 Month CD | 0.100% | 0.100% | $500 |
| 18 Month CD | 0.200% | 0.199% | $500 |
| 1 Year CD | 0.150% | 0.149% | $500 |
| 2 Year CD | 0.250% | 0.249% | $500 |
| 3 Year CD | 0.300% | 0.299% | $500 |
| 4 Year CD | 0.400% | 0.399% | $500 |
| 5 Year CD | 0.500% | 0.499% | $500 |
A penalty may be imposed for early withdrawal. No institutional deposits. Fees may reduce earnings.
*APY - Annual Percentage YieldRates valid for Tuesday, October 20, 2020
The interest rate and annual percentage yield may change at any time, as determined by the credit union board of directors.
Business SEPs
A SEP is a retirement plan through which an employer makes contributions to IRAs of eligible employees.
- SEPs meet the needs of small employers with few employees and limited resources
- A self-employed person can make SEP contributions to his or her own IRA
- SEPs are easily established and maintained unlike traditional retirement plans (401K)
