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 | 1.250% | 1.250% | $500 |
| 12 Month Promo CD | 2.550% | 2.525% | $500 |
| 18 Month Promo CD | 2.650% | 2.624% | $500 |
| 24 Month Promo CD | 2.750% | 2.722% | $500 |
| 60 Month Promo CD | 3.350% | 3.308% | $500 |
| 3 Month CD | 0.150% | 0.150% | $500 |
| 6 Month CD | 0.300% | 0.300% | $500 |
| 18 Month CD | 0.450% | 0.449% | $500 |
| 1 Year CD | 0.450% | 0.449% | $500 |
| 2 Year CD | 0.500% | 0.499% | $500 |
| 3 Year CD | 0.900% | 0.896% | $500 |
| 4 Year CD | 1.100% | 1.095% | $500 |
| 5 Year CD | 1.250% | 1.244% | $500 |
A penalty may be imposed for early withdrawal. No institutional deposits. Fees may reduce earnings.
*APY - Annual Percentage YieldRates valid for Wednesday, December 19, 2018
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)
