Business Certificate of Investment Accounts
Make a Business Certificate of Investment part of your business growth strategy. Invest your business savings into a fixed rate certificate to maximize your earnings power. Orlando Credit Union offers various certificate terms that are designed to meet short and long term growth goals.
Open a Business Certificate of Investment Account today!
A Business Certificate of Investment is a savings certificate with a fixed maturity date. It requires the initial deposit amount to remain for the term of the certificate and is federally insured by NCUA**.
- Term options from 6 to 60 months
- Competitive dividend rates
- APY increases at higher balance amounts or longer term
- A penalty will be charged for early withdrawal*
To open an account, schedule an in-branch appointment.
For the business savings goals you wish to reach,
Business Certificates of Investment are a smart, low-risk method of reaching them.
Orlando Credit Union can help you understand certificates and how to use them to reach your savings goals.
18-Month Share Certificate
$1,000 minimum deposit
*APY = Annual Percentage Yield. Rates are effective as of 8/21/2023. Rates are fixed for the term of the Certificate. Certificates will automatically be renewed at the rate in effect upon maturity. We will impose a penalty if you withdraw any of the principal balance in your account before the maturity date. The amount of the early withdrawal penalty is based on the term of the account. The amount of these penalties are as follows: Terms of 6 months or less lose 90 days’ worth of dividends; and terms greater than 6 months lose 180 days’ worth of dividends. The penalty is calculated as a forfeiture of part of the dividend that has been or would be earned on the amount withdrawn. If the account has not yet earned enough dividends or the dividend has already been paid, the penalty will be deducted from the principal. The Annual Percentage Yield disclosed is based on an assumption that dividends will remain in the account until maturity; a withdrawal will reduce earnings. Fees and penalties can reduce earnings on the account. Rates subject to change without notice.
**NCUA insurance is limited to the standard maximum deposit insurance amount of up to $250,000 per depositor category.