Business Certificates of Deposit
Short Term Business Certificate of Deposit
Leader bank offers a variety of certificates designed to accommodate particular investment goals. Short term Certificates are from one to eleven months. Interest is posted at maturity.
Term Balance Required to Open Account Interest Charges
1 - 11 months $1000 Simple interest paid at maturity Penalty for early withdrawal
  • A penalty will be charged for early withdrawal of principal.
  • You may borrow against your CD at a rate equal to two percent (2%) over the rate of interest being paid on your deposit account.
  • Collateral loans are written on demand basis with payments of interest only due monthly.
Long Term Business Certificate of Deposit
A longer term certificate of deposit from Leader Bank offers you high interest earning power, with the added benefits of liquidity and safety. Depending on your needs, you can choose a term from one to five years. Interest is posted at month-end and at maturity.
Term Balance Required to Open Account Interest Charges
1 - 5 years $1000 Accrues daily; Compounded monthly Penalty for early withdrawal
  • Interest payments may be transferred to another account, left to accumulate in the CD or sent to you by check monthly. A penalty will be charged for early withdrawal of principal.
  • You may borrow against your CD at a rate equal to two percent (2%) over the rate of interest being paid on your deposit account.
  • Collateral loans are written on demand basis with payments of interest only due monthly.
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