How do Business Certificates of Deposit work?
Business Certificates of Deposit offer higher interest rates than Business Savings Accounts but require you to deposit money for a fixed period or term. You choose your certificate term and annual percentage yield (APY) when you invest. Your money is not available until the certificate matures at the end of the term, when it can be withdrawn together with your earnings or reinvested for another term. Certificates of Deposit allow you to invest your money and earn interest in a safe, predictable way with guaranteed returns.