Business Certificates of Deposit (CDs)

There isn’t much that’s certain in business. A CD is the exception. Enjoy peace of mind with guaranteed earnings for the term you choose.

Key Features

Benefits

Fixed rates, higher than standard savings
Receive higher rates by selecting a longer term*
Interest paid or compounded quarterly
- For 182-day term, interest paid or compounded at maturity
Interest can be paid to any Chelsea State Bank statement account
Provides more guarantee than other risky investments
Set aside for future savings goals
A wide range of terms available (from 6 months to 5 years)
No setup or maintenance fees
Early withdrawals subject to penalty**
$500 minimum deposit to open
- $5,000 minimum deposit to open 182-day or 7-month CD

*Fees may reduce earnings on the account.

**Early withdrawals may result in penalties of 3 months interest to a year’s worth of interest, depending on term.