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Commercial Savings and CDs

Benchmark Bank offers a number of ways to put your cash reserves to work for your business. A savings account, sweep arrangement or Certificate of Deposit will help your business maximize its earnings and build for the future.

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BENCHMARK Savings
For businesses who want to earn interest on excess cash.

• $100 minimum opening deposit
• $200 minimum monthly balance
($3 monthly charge if balance falls below $200)
• No minimum balance required to earn interest
• $1 per debit in excess of 4 per statement cycle
• FREE online banking

PREMIER Savings
This account is for businesses that want to maximize earnings and flexibility.

• $1,000 minimum balance
($3 monthly charge if balance falls below $1,000)
• $1,000 minimum balance required to earn Premier interest
• $1 per debit in excess of 4 per statement cycle
• FREE online banking

BENCHMARK Certificate of Deposit (CDs)
This product is for high fixed rates of return over a specified period of time.

• $1,000 minimum opening investment required
• Competitive fixed rate of return varies based on term
• Variety of terms from 7 days to 60 months
• Monthly interest checks or quarterly compounding available
• Earnings may be transferred to any Benchmark commercial account

Jumbo Certificates of Deposit
For a high fixed rate of return over a specified period of time.

• $100,000 minimum opening investment required
• Competitive fixed rate of return varies based on term
• Variety of terms from 7 days to 60 months
• Monthly interest checks or quarterly compounding available
• Earnings may be transferred to any Benchmark commercial account

CDARS®
The smart way to keep large deposits safe and growing.

• Increased FDIC insurance on deposits safe above $100,000
• Deposits earn CD-level interest
• Funds stay in the local community
• One rate, one statement
• Ask a Business Banker for details

Learn more about the CDARS® program

Sweep Accounts
Manage your cash without sacrificing earnings.

• Maintain a commercial checking account and a Money Market account
• At the end of each business day, excess funds are swept from checking into the interest-earning Money Market account

 
 
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