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Business Certificates of Deposit

Dearborn Federal Savings Bank offers a wide variety of fixed rate certificate of deposit accounts that are available to our business customers. These various investment terms will allow your money to work for you and earn a high rate of interest on funds not needed for the immediate future. Business customers can earn even a higher rate of return by transferring interest payments to a Dearborn Federal Savings Bank savings account.

  • $500.00 minimum opening deposit  
  • Guaranteed fixed rates of interest
  • Interest compounded at maturity for 91 day and 182 day certificates; interest compounded annually for 1 to 10 year certificates.
  • Interest earned can be added to the certificate account, paid by check or transferred to a Dearborn Federal Savings Bank savings or checking account     
  • Automatic renewal for same term at maturity
  • Withdrawals from the account prior to the maturity date are subject to an early withdrawal penalty
 
The Interest Rate and Annual Percentage Yield may change after account opening. Fees could reduce earnings on the account. All accounts insured by the FDIC to the maximum amounts allowed by law based on account ownership.