Business Certificates of Deposit (CDs)

With a CD, your principal is insured and you can earn higher returns on your deposit then with a traditional business savings account. 
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Reach your financial goals faster with a CD.

With a fixed interest rate for the length of your term, you’ll always know what your exact return will be.


Key Features

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Competitive Interest
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No Monthly Fees






What are the Benefits of a Business CD?

With a Certificate of Deposit (CD), you’ll earn a higher return for a longer-term commitment. With a CD you will receive:
  • Higher returns than savings account
  • Competitive, fixed rate for length of term
  • Receive higher rates by selecting a longer term
  • Provides more guarantee than other risky investments
  • A wide range of terms available (from 14 days to 60 months)
  • Penalty for early withdrawal
  • $500 minimum deposit to open

Open A Business Certificate of Deposit!

West Shore Bank has been Making a Difference Since 1898. For over a century, we have remained committed to helping the people and businesses along the lakeshore to improve their financial well-being. Visit one of our nine locations in Ludington, Frankfort, Hart, Manistee, Onekama, Scottville, or Traverse City.






FAQs

A Business Certificate of Deposit (CD) at West Shore Bank allows you to earn higher returns on your deposit compared to a traditional savings account. With a fixed interest rate for the term you choose, you can plan your financial goals with confidence. Plus, your principal is insured, ensuring your investment is secure.

By choosing a Business CD, you benefit from competitive interest rates and no monthly fees. You can enjoy higher returns by selecting longer terms, plus the peace of mind that comes with a secure investment. It's a smart way to save for your business's future!

To open a Business CD at West Shore Bank, you need a minimum deposit of $500. This allows you to start earning interest while securing your funds for the term of your choice.

If you withdraw your funds early from a Business CD, you will incur a penalty. It's essential to consider your cash flow needs before committing to a term. We recommend discussing your financial goals with one of our lenders to find the best option for you.

West Shore Bank offers a wide range of terms for Business CDs, from as short as 14 days to as long as 60 months. This flexibility allows you to choose the duration that best aligns with your business's financial strategy.

While your funds are securely invested in a Business CD, accessing them before the term ends may result in early withdrawal penalties. We recommend planning your cash flow accordingly or consulting with our team to discuss your options.

Applying for a Business CD is easy! You can visit any of our nine locations. Our friendly staff is here to assist you with the application process and answer any questions you may have.

Yes, your investment in a Business CD at West Shore Bank is insured. We are FDIC-insured, which means your principal is backed by the full faith and credit of the U.S. Government, providing you with peace of mind.

A Business CD can benefit a variety of businesses, whether you're a small business owner looking to save for future expenses or a larger company wanting to manage cash reserves. It's a flexible and secure way to grow your funds over time.

 

Absolutely! West Shore Bank offers automatic renewal options for your Business CD, ensuring that you continue to earn competitive interest without having to remember to reinvest your funds at maturity.

For more information about Business CDs or to discuss your specific needs, call us at (888) 295-4373 or visit any of our locations.











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