Business Savings, Money Market & CDs

When we're talking business banking, dealing with banks that are headquartered out of town often means settling for impersonal relationships. At Carroll Community Bank we strive to be the best community bank in Carroll County. We have a wide array of business products to help make your business successful.

Business Statement Savings

Features and Benefits:

  • Convenient access to your funds at the branch, ATM, or Online Banking.
  • Monthly Statement
  • Unlimited “over the counter” withdrawals
  • Interest is compounded daily and credited monthly
  • Minimum of $100.00 to open
  • Minimum of $100.00 to earn Annual Percentage Yield
  • Must maintain a minimum balance of $100.00 to avoid a $10.00 service fee
  • Interest is tiered with higher balances earning higher rates
  • Fees may reduce earnings

6 – 15 Month CD

Features and Benefits:

  • Fixed interest rate account
  • Choice of term
  • Minimum of $500.00 to open
  • Minimum of $500.00 to obtain Annual Percentage Yield
  • A penalty may be imposed for early withdrawal
  • Fees may reduce earnings

24-60 Month CD

Features and Benefits:

  • Fixed interest rate account
  • Choice of term
  • Minimum of $500.00 to open
  • Minimum of $500.00 to obtain Annual Percentage Yield
  • A penalty may be imposed for early withdrawal
  • Fees may reduce earnings

18 Month Add-On CD

Features and Benefits:

  • Fixed interest rate account
  • Minimum of $100.00 to open
  • Minimum of $100.00 to obtain Annual Percentage Yield
  • Additional deposits must be a minimum of $10.00
  • A penalty may be imposed for early withdrawal
  • Fees may reduce earnings

Business Money Market

Features and Benefits:

  • Convenient access to your funds at the branch, ATM, or Online Banking, or by writing a check.
  • Money market accounts are limited to six third party transfers per statement period (telephone, internet, check, draft, POS, or similar order are limited to 6 per statement cycle).
  • There is a $15.00 fee for excessive electronic or third party transfers
  • Unlimited in person withdrawals
  • Monthly Statement
  • Interest is compounded daily and credited monthly
  • Minimum of $100.00 to open
  • Minimum of $100.00 to earn the Annual Percentage Yield
  • Must maintain a minimum balance of $1,000 to avoid a $15.00 service fee
  • Interest is tiered with higher balances earning higher rates
  • Fees may reduce earnings

Business Advantage Money Market

Features and Benefits:

  • Convenient access to your funds at the branch, ATM, or Online Banking, or by writing a check.
  • Money market accounts are limited to six third party transfers per statement period (telephone, internet, check, draft, POS, or similar order are limited to 6 per statement cycle).
  • There is a $15.00 fee for excessive electronic or third party transfers
  • Unlimited in person withdrawals
  • Monthly Statement
  • Interest is compounded daily and credited monthly
  • Minimum of $100.00 to open
  • Minimum of $100.00 to earn the Annual Percentage Yield
  • Must maintain a minimum balance of $5,000 to avoid a $15.00 service fee
  • Interest is tiered with higher balances earning higher rates
  • Fees may reduce earnings
Business Deposit Rates
(Annual Percentage Yield)
Savings and Money Markets **
Business Statement Savings.10%
Business Money Market.10% to .20%
Business AdvantageMoney Market.10% to .20%
Checking
Sole Proprietor / Non Profit Checking.05%
Business Power Package Account0.75%
Certificate of Deposit / IRA CDs
6 Month CD.20%
12 Month CD.35%
15 Month CD.40%
18 Month- Add On CD***.70%
24 Month Penalty Free CD.50%
30 Month CD.50%
36 Month CD1.00%
48 Month CD1.15%
60 Month CD1.50%
Special 13 Month CD*****1.75%
**Money Market and Savings accounts are limited to 6 third party transfers per statement period (telephone, internet, check, draft, POS, similar order are limited to 6 per statement cycle). There will be a $15.00 fee for excessive electronic or third party transfers.***18-Month Add On CD – may make additional deposits of a minimum of $10.00
***18-Month Add On CD – may make additional deposits of a minimum of $10.00
*****Limited Time Offer. The 13-Month Special CD will automatically renew for a 12 month term from the initial and each succeeding maturity date at the interest rate then being offered by us for your type of account.