When your business has funds that aren’t needed for immediate use, a Certificate of Deposit (CD) from Sovereign Bank offers a secure and predictable way to grow your reserves. With fixed rates and flexible terms, CDs allow you to earn higher interest than a standard savings or money market account while planning around your cash flow needs.
Whether you’re setting aside funds for future projects, building up emergency reserves, or diversifying your cash management strategy, CDs are a smart choice for long-term financial strength.
Benefits of a Business CD:
- Guaranteed Returns | Lock in a competitive rate for the term you choose, with no market risk.
- Flexible Term Options | Choose the term that aligns with your business’s financial goals. Ranging from a few months to several years.
- Higher Interest Rates | Earn more than traditional savings accounts by committing funds for a fixed period.
- FDIC Insured | Your funds are protected up to the applicable limits, offering security and peace of mind.
Ideal For:
- Setting aside funds for future capital expenditures
- Earning higher returns on idle cash
- Diversifying your business savings strategy
- Building a CD ladder for staggered maturity and ongoing liquidity
Let’s Get Started.
Talk to a Sovereign Bank business banker to explore CD options that match your timeline, return goals, and liquidity needs.
