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BUSINESS SAVINGS & CDS

Put Your Savings to Work

Whether you're building reserves for future growth, setting aside funds for equipment purchases, managing seasonal cash flow, or planning for unexpected expenses, Central Penn Bank & Trust offers savings solutions designed to help your business make the most of every dollar.

From flexible savings accounts to higher-yield Certificate of Deposit (CD) options, we'll help you find the right balance between accessibility, stability, and growth potential.

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BUSINESS SAVINGS

Flexible Savings for your Business

A Business Savings Account is a simple way to build reserves while maintaining access to your funds when you need them.

Whether you're saving for future investments, managing operating reserves, or preparing for seasonal expenses, a Business Savings Account provides a secure place to grow your funds while keeping them within reach.

  • Tiered interest rate
  • $250 minimum balance ($5 service charge if balance falls below $250)
  • Online / mobile banking access available
  • Overdraft protection for eligible Central Penn Bank checking accounts
  • 6 debit transactions included per monthly statement cycle
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CERTIFICATES OF DEPOSIT (CDS)

Grow Your Savings

If you have funds you don't need immediate access to, a Certificate of Deposit can help your business earn a higher rate of return while keeping your money secure.

Whether you're building a cash reserve, preparing for future expenses, or looking for a stable savings option, CDs can be an important part of your financial strategy.

  • Fixed Rate CDs - Lock in your interest rate for the full term, providing predictable returns and a secure way to save for future business needs.
  • Variable Rate CDs - Earn interest with added flexibility, including the ability to make additional deposits and one penalty-free withdrawal each quarter.
  • Jumbo CDs - Designed for larger balances, offering premium fixed rates with a $100,000 minimum deposit.
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Frequently Asked Questions

What is the minimum balance for a Business Savings Account?

A minimum balance of $250 is required to avoid the monthly service charge.

Are business deposits FDIC insured?

Yes. Eligible deposits are insured by the FDIC up to applicable limits.

What CD terms are available?

We offer terms ranging from 6 to 60 months.

Can I open a Business Savings Account or Certificate of Deposit (CD) online?

Business Savings Accounts and Business CD products must be opened in person at a Central Penn Bank & Trust office and cannot be opened online. Our team will be happy to discuss your options, answer any questions, and help you choose the right solution.

Solutions for Every Stage of Business

From everyday operating funds to long-term savings goals, our team can help you build a strategy that supports your business today and prepares for what's next.