Alert!

All offices and drive-up windows will be closed on Monday, May 29th in observance of Memorial Day.

Information about our merger and your transition to NBT can be found at SalisburyBank.com/NBT

For information regarding recent industry news visit: SalisburyBank.com/Industry-News

Business Certificates of Deposit

Safe, sound and guaranteed - Choose your term and lock in your rate.

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Business Certificates of Deposit (CD)

Businesses need to plan for the future, too, and if you don’t need immediate access to your company funds, a certificate of deposit (CD) is a smart investment.

CDs are a secure investment with a specific term and guaranteed rate of return. Backed by the assurance of FDIC protection, our CDs are insured up to the allowable limits. Choose the CD that meets your savings needs and watch your money grow.

  • Flexible terms from one month to five years
  • Monthly interest can be added to your CD or transferred to another account

Certificates of Deposit - Personal and Business

Effective Date: Friday May 26, 2023

Term Minimum Balance to Open Minimum Balance to Earn APY* Interest Rate APY*
30 to 89 Days1 $1,000.00 $1,000.00 0.05% 0.05%
3 to 5 Months1 $1,000.00 $1,000.00 0.10% 0.10%
6 to 11 Months1 $1,000.00 $1,000.00 0.20% 0.20%
12 to 17 Months1 $1,000.00 $1,000.00 0.40% 0.40%
13 Months1,2 $1,000.00 $1,000.00 4.64% 4.75%
15 Months1 $1,000.00 $1,000.00 2.08% 2.10%
16 Month Step-Up1 $1,000.00 $1,000.00 0.40% 0.40%
18 to 23 Months1 $1,000.00 $1,000.00 0.50% 0.50%
24 to 35 Months1 $1,000.00 $1,000.00 0.52% 0.52%
36 to 47 Months1 $1,000.00 $1,000.00 0.58% 0.58%
48 to 59 Months1 $1,000.00 $1,000.00 0.60% 0.60%
60 Months1 $1,000.00 $1,000.00 0.62% 0.62%

 

* APY is defined to mean Annual Percentage Yield. Rates are subject to change without notice.

1 Interest is compounded daily and credited monthly. The interest rate is fixed and will not change until maturity. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. A substantial penalty for early withdrawal may be imposed. Transaction limitations apply. If you have a 16 Month Step-Up, you may exchange the interest rate on your account one time during the term upon written request for the 16 Month Step-Up Certificate rate currently offered. 

2 13 Month Certificate of Deposit will automatically renew to a 12 month Certificate of Deposit.

Fees may reduce earnings.

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