Business Banking Savings Products

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

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

24 Month Penalty Free CD

Features and Benefits:

  • Fixed interest rate account
  • Minimum of $500.00 to open
  • Minimum of $500.00 to obtain Annual Percentage Yield
  • This account is allowed 1 penalty free withdrawal a year.  One early withdrawal penalty will be waived for a withdrawal made after the first six days of the account term (or the first six days following any partial withdrawal) a year.  For all other withdrawals, a penalty may be imposed.
  • Fees may reduce earnings

30-60 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
Business Deposit Rates (Annual Percentage Yield)
Savings and Money Markets **
Business Statement Savings .10
Business Money Market .10 to .50
Business AdvantageMoney Market .10 to .50

Checking
Sole Proprietor / Non Profit Checking .05
Certificate of Deposit / IRA CDs
6 Month CD .80

12 Month CD

Special 12 Month CD-$1,000.00 Minimum Deposit-New Money Only

1.00

2.05

15 Month CD 1.26
18 Month- Add On CD*** 1.35
24 Month Penalty Free CD 1.50
30 Month CD 1.60
36 Month CD 1.70
48 Month CD 1.90
60 Month CD 2.50