A Key Component to Your Business Growth
A business certificate of deposit with Orlando Credit Union can be a smart, low-risk way to reach your short or long-term savings goals. It’s a savings certificate with a fixed maturity date. The initial deposit must remain for the term of the certificate. And since certificates are federally insured by the NCUA**, your business funds will remain secure.
Orlando Credit Union offers business certificates at various terms to give you choice and flexibility.
Business Certificate of Investment Account Features
- Term options from 6 to 60 months
- Competitive dividend rates
- APY increases at higher balance amounts or longer term
- A penalty will be charged for early withdrawal*
To open a Business Certificate of Investment account,
schedule an appointment at an Orlando Credit Union branch location near you.
*APY = Annual Percentage Yield. Rates are effective as of 8/21/2023. Rates are fixed for the term of the Certificate. Certificates will automatically be renewed at the rate in effect upon maturity. We will impose a penalty if you withdraw any of the principal balance in your account before the maturity date. The amount of the early withdrawal penalty is based on the term of the account. The amount of these penalties are as follows: Terms of 6 months or less lose 90 days’ worth of dividends; and terms greater than 6 months lose 180 days’ worth of dividends. The penalty is calculated as a forfeiture of part of the dividend that has been or would be earned on the amount withdrawn. If the account has not yet earned enough dividends or the dividend has already been paid, the penalty will be deducted from the principal. The Annual Percentage Yield disclosed is based on an assumption that dividends will remain in the account until maturity; a withdrawal will reduce earnings. Fees and penalties can reduce earnings on the account. Rates subject to change without notice.
**NCUA insurance is limited to the standard maximum deposit insurance amount of up to $250,000 per depositor category.