Features & Benefits
Put your money to work with flexible CD terms from 7 days to 5 years.
Enjoy competitive rates and convenient automatic renewals so your business can keep on earning.
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Business Banking -
Bank Accounts
Business Certificate of Deposit (CD)
- Overview
- Documents & Resources
Additional Account Information
| TERM | MINIMUM OPENING DEPOSIT |
|---|---|
| 5-Month Liquid CD | $10,000 |
| 11-Month CD | $10,000 |
| 7 days | $10,000 |
| 32 days | $10,000 |
| 60 days | $10,000 |
| 90 days | $10,000 |
| 180 days | $10,000 |
| 270 days | $10,000 |
| 12 months | $2,500 |
| 24 months | $2,500 |
| 36 months | $2,500 |
| 48 months | $2,500 |
| 60 months | $2,500 |
- For CDs with a term of seven (7) to 31 days, there is a withdrawal penalty that is the greater of: (a) seven (7) days’ interest; (b) all interest earned since the most recent issue or renewal date; or (c) all interest which could have been earned during one-half of the maturity period.
- For CDs with a term of 32 to 179 days, the penalty is 30 days’ interest.‡
- For CDs with a term of 180 days to one (1) year, the penalty is 90 days’ interest.
- For CDs with a term of over one (1) year, the penalty is 180 days’ interest.
‡The 5-month liquid CD allows for one penalty-free withdrawal. Withdrawals may reduce earnings.
Account holders enjoy online and mobile banking through online business banking platforms and the City National Bank App™.§
- CA, FL#, NV, MN, DC & VA: 122016066
- GA & TN: 064009445
- NY: 026013958
City National Bank’s SWIFT Code is: CINAUS6L
Click here to read the agreements, fees and disclosures.
Put your money to work.
Enter your information and a dedicated Relationship Manager will help you open a Business CD account.
*Required information
#City National Bank does business in Miami and the state of Florida as CN Bank.
§City National Bank App requires that you download the City National Bank App and is only available for select mobile devices. Requires setup in City National Online®; and if applicable, setup of any related business services accessed via City National Online. Message and data rates may apply.
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