Business Money Market Accounts and Certificates of Deposit (CD)

Business Money Market Accounts and Certificates of Deposit (CD)

Fuel the Growth of Your Business

Quaint Oak Bank offers commercial banking customers superior rates for money market accounts and certificates of deposit. Looking to grow your business? We want to provide the tools you need to fuel your future.

Business Money Market Accounts

A money market account allows you to limit your trips to the bank, make transfers to and from your account through online banking with BillPay, and complete ACH (Automated Clearing House) transfers.

Money Market1
Rates Table
Account Type Interest Rate Annual Percentage Yield (APY)
Tier 1 ($0.00-$999.99) 1.95% 2.00%
Tier 2 ($1,000.00-$2,499.99) 1.95% 2.00%
Tier 3 ($2,500.00 and $99,999.99) 1.95% 2.00%
Tier 4 ($100,000.00 and higher) 2.00% 2.05%

Certificates of Deposit (CD)

A certificate of deposit is a savings option that earns interest on a lump sum over a period of time. CDs have specific, fixed terms and interest rates offering high-yield returns for business owners.

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Rates Table
Account Type Interest Rate Annual Percentage Yield (APY)
6 Months 3.87% 4.00%
12 Months 3.87% 4.00%
18 Months 4.11% 4.25%
2 Years 4.11% 4.25%
3 Years 4.11% 4.25%
4 Years 4.11% 4.25%
5 Years 4.34% 4.50%

Open a Business Account with Quaint Oak

Quaint Oak Bank’s money market accounts and CDs offer a better way to save money, while earning interest over time for your business. Complete the contact form below to learn more and get started.

Business Deposit Products Contact Form

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Call Us Today: 866.795.4499

All rates are effective Sunday, March 26th, 2023. Our routing number is 236074525. 

Deposit Account Fee Schedule

1Minimum opening deposit $25.00. Interest is paid and annual percentage yield is earned on entire balance in account. Variable Rates – Rates may change after account is opened. To receive 2.05% APY on Tier 4 ($100,000.00 and higher) must have an active and in good standing commercial checking account with 5 transactions a statement cycle. Transactions defined as combined deposits or debit transactions.

2Minimum deposit for Certificates of Deposit is $500.00. Certificate of Deposit accounts carry a substantial penalty for early withdrawal.