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Business Deposit Rates

Rates effective as of February 15, 2024

All rates are subject to change without notice.

BUSINESS ACCOUNTS3

Earnings Credit Rate Minimum Deposit to Open
Analyzed Business Checking Account 0.30% $10

BUSINESS ACCOUNTS1,3

Interest Rate Annual Percentage Yield Minimum Deposit to Open Minimum Daily Balance to Earn APY
IOLTA Checking Account 3.03% 3.08% $0 $0
Small Business Money Market Account 0.45% 0.45% $1 $10.00-$5,000,000
Small Business Money Market Account 0.40% 0.40% $1 ≥$5,000,000.01

1Fees may reduce earnings. For more information, please refer to our Business Account Fee Schedule and Understanding Your Business Account Handbook.

CERTIFICATES OF DEPOSIT (CDs)2, 3

Interest Rate Annual Percentage Yield Minimum Deposit to Open Minimum Daily Balance to Earn APY
3 months 2.96% 3.00% $1,000 $10
6 months 2.96% 3.00% $1,000 $10
9 months 5.18% 5.30% $1,000 $10
1 year 1.98% 2.00% $1,000 $10
2 year 3.445% 3.50% $1,000 $10
3 year 2.72% 2.75% $1,000 $10
5 year 1.98% 2.00% $1,000 $10

2The APY is based on monthly compounding with funds held to maturity. Additional deposits to CDs are not permitted. All CDs are available in retirement plans with a $500 opening deposit. Substantial penalties for early withdrawal may be imposed. Withdrawals and penalties may reduce earnings. For more information, please refer to our Business Account Fee Schedule and Understanding your Deposit Account for Business Accounts Handbook.

3You must live or work in Massachusetts