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Business Savings Accounts and CDs

FNCB Bank can help you maximize your return with our business savings accounts and certificates of deposit (CDs). These investment vehicles enable you to earn competitive rates of return on excess business funds while still maintaining the liquidity you need for daily working capital expenses.

 

Business Savings Comparison Chart

Use the chart below to compare the different business savings accounts offered

Type of Account

Minimum To Open

Monthly Service Fees

Interest

Why Choose This Account

Compare Accounts

Simply Statement Savings

$25

None

Yes, tiered rate structure.

Tiered savings account with a premium interest rate that grows with your balance.

Business CDs Comparison Chart

Use the chart below to compare the different business CDs offered by FNCB side by side. This will help you decide which one is the best fit for you:

Compare Accounts

Type of Account

Minimum To Open

Term

Interest Rate

Why Choose This Account

Fixed Rate CD

$1,000

Range From 3 months to 5 years

View Rates (link to appropriate accordion)

Account offers a guaranteed fixed rate for the term of the CD.

Add On CD

$500

1 year

View Rates (link to appropriate accordion)

Additional deposits ($50 minimum) may be made to this account.

Simply Statement Savings Account

This account pays a competitive interest rate according to a tiered variable rate schedule: The higher your balance, the more interest you’ll earn.

  • $25 minimum deposit to open
  • Tiered Variable Interest Rate.
  • Account earns interest with a balance of $300 and over.
  • Easy access through an ATM.
  • Combined statements are available.

Fixed Rate CD

Your business will receive a guaranteed fixed interest rate on savings for the term of this CD, which ranges from three months to five years. Minimum deposit amount is $1,000.00.

  • Wide variety of terms.
  • Account offers a guaranteed fixed rate for the term of the CD.
  • Interest compounds quarterly.
  • Interest can be credited to the CD or to a FNCB checking or savings account or paid by check.
  • The certificate is automatically renewable.

Add On CD

With this option, you can make additional deposits to your Fixed Rate CD. The term of the CD is 12 months, and additional deposits receive a guaranteed fixed rate for the term of the CD.

  • Twelve month term with a minimum deposit of $500.00.
  • Additional deposits must be a minimum of $50.00.
  • Account offers a guaranteed fixed rate for the term of the CD.
  • Interest compounds quarterly.
  • Interest disposition is a quarterly credit to the CD.
  • The certificate is automatically renewable.

CDARS

CDARS® is one of the safest and smartest investment vehicles for investors looking to protect their large-dollar investments while earning CD-level returns that may compare favorably to Treasury and money-market-fund yields.

CDs placed through CDARS offer investors (including institutional investors, such as corporations, foundations, and endowments):

  • Access to multi-million-dollar FDIC insurance;
  • The ease of working through one trusted relationship, earning one rate per maturity, and receiving consolidated statements;
  • The ability to forego ongoing collateral tracking;
  • The power of daily compounding; and
  • A finite maturity date (in contrast to auction-rate or some adjustable-rate securities).

Investing through CDARS can be a strong alternative to Treasuries. Like Treasuries, FDIC insurance is backed by the full faith and credit of the U.S. government.

For more information visit our CDARS website.

Call 1-877-TRY-FNCB (1-877-879-3622), contact a commercial lender or visit the FNCB community office closest to you to learn more!

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