Business Certificate of Deposit

FDIC Insured  •   1 Month to 60 Month Terms
(also available for not for profit and municipal accounts)

A CD investment with Morrill & Janes Bank is an FDIC-insured product that is flexible and designed for businesses who has funds that can be invested for a specified period of time - from 1 Month to 60 Months.

Both of our CD's are low-risk vehicles for guaranteed earnings on your investment capital. Either CD can be opened with a minimum of $500. The Momentum/Option Plus CD features an Interest Rate Protection Option. If interest rates go higher you have the option to lock in to the higher rate for the remaining term of your CD. If interest rates go down, your investment is at a favorite rate and you can add additional money whenever you want. Just another way we help your money work for you!

Fixed Rate CD

Momentum/Option Plus CD
  • 1 Month to 60 Month terms available 1
  • Automatically Renewable 1
  • Additions permitted at maturity 
  • Earn higher rates on higher balances 
  • 18, 36, and 60 Month terms available 1
  • One rate adjustment permitted with an 18 or 36 month term
  • Two rate adjustments permitted with a 60 month term
  • Unlimited additional deposits permitted ($50 minimum)
  • Interest may be withdrawn without penalty

Have More Money to Invest Than the FDIC Insured Amount?

Morrill & Janes Bank is a participant in CDARS®, which is the Certificate of Deposit Account Registry Service®. It's the most convenient way to enjoy access to full FDIC insurance on deposits of up to $50 million. With CDARS, you sign one agreement with Morrill & Janes Bank, earn one interest rate, and receive one regular statement. It's that easy!

For many businesses, CDARS can be a valuable cash management or longer-term investment tool, simplifying your job and improving your business' financial performance.

With CDARS, your business gets One Bank, One Rate, One StatementSM

  • One Bank: You can access multi-million dollar FDIC insurance coverage by working with just Morrill & Janes Bank.
  • One Rate: You earn one rate for each CD maturity and enjoy the option of reinvesting them through a simple process.
  • One Statement: Investors receive one easy-to-read statement summarizing all of their CD holdings.

With access to full insurance, your business can say "goodbye" to surety bonds, and collateralization requirements. There also is no need to manually consolidate account statements or interest disbursements. In short, the benefits of one bank, one rate, and one statement can reduce your administrative burdens (especially during tax and financial reporting seasons), providing you and members of your organization with more time to focus on profit-generating activities. As always, your business' confidential account information remains protected.

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1 An early withdrawal penalty may apply. You will have 10 business days from the maturity date to withdraw your funds without being charged a penalty.