Business Savings, CDs & CDARS 

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Business Savings Accounts

Business Savings Account

A simple savings account for your business is a great way to prepare for the unexpected. Think of it as a safety net that earns a competitive interest rate to help you build up your funds. If the need should arise, you can access your funds easily and without penalties. Open one today!

Highlights

  • A great way to prepare your business for the unexpected
  • Earn competitive interest that compounds quarterly
  • Electronic services including online banking, and more
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Business Money Market Account

A business money market provides a higher yield without losing access to your money.

Highlights

  • Earn a competitive interest rate with interest compounded monthly
  • Avoid a monthly fee by maintaining a minimum balance of $2,500
  • Preauthorized withdrawals are limited to six per month.
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Business Certificate of Deposits

Time deposits combine the security of a bank deposit and FDIC coverage with higher returns. Let our experienced team guide you to lock in a competitive fixed rate with the term that best fits your business investment objectives. We are invested in helping you reach your business goals.

  • A risk-free way to invest in your business and build savings
  • Earn a competitive, fixed-rate higher than consumer savings
  • A variety of terms available ranging from 31 days to 5 years

Highlights

  • Competitive, fixed interest rates
  • Higher earnings than consumer savings
  • Terms from 31 days to 5 years
  • Strict early withdrawal penalties apply
  • Expert personalized service
  • $1,000 minimum deposit to open
  • FDIC insurance coverage up to the maximum amount permitted by law
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Business CDARs

The Certificate of Deposit Account Registry Service (CDARS) is the easiest, most convenient way to enjoy full FDIC insurance on deposit amounts larger than $250,000. Your large deposit is broken into smaller amounts and placed with other banks that are members of a special network. Hickory Point Bank will handle the entire process so you don’t have to worry about a thing.

Highlights

  • Consolidate your CD investments
  • Multi-million-dollar FDIC insurance eligibility
  • Earn one rate on your entire investment
  • Receive one regular statement
  • Higher earnings than a consumer savings
  • Expert personalized service
  • Strict early withdrawal penalties apply
  • Terms from 4 weeks to 60 months
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