Certificate of Deposit

Business CD's can offer your company or organization a higher rate of earnings for short or long term savings goals.

Certificates Of Deposit (CD):

A Certificate of Deposit (CD) from River Bank offers competitively high interest rates on a wide range of terms.

$1,000 minimum deposit to open
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Interest is compounded and credited quarterly
The account will automatically renew at maturity for the same term as the original term.*

*Each renewal term will be the same as the original term, beginning on the maturity date. The interest rate will be the same posted rate we offer on new CDs on the maturity date that have the same term, minimum balance (if any) and other features as the original CD. Unless you give us prior written notice, this account will renew automatically at maturity. You will have 10 calendar days after the maturity date to withdraw funds without penalty. Early withdrawal fees may apply and may reduce your principal.

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